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Energy Market highlights gathered by Industrial Info and IIR Energy
NATURAL GAS
U.S. Sees Big Natural Gas Storage Build - The U.S. Energy Information Administration (EIA) said utilities added 118 billion cubic feet (Bcf) of natural gas into storage during the week ended June 2. That compares with a rise of 99 Bcf in the same week last year and a five-year (2018-2022) average increase of 100 Bcf. (Reuters)
TERMINALS
Enterprise Products Oil Export Terminal to Open by Early 2027 - Enterprise Products Partners LP's (NYSE:EPD) (Houston, Texas) Sea Port crude oil export terminal off the coast of Texas could begin operations between the second half of 2026 and early 2027, the pipeline operator's co-chief executive said on Thursday. The terminal, planned for about 30 miles off the coast of Texas, is one of several deepwater projects proposed at the height of the U.S. shale oil production boom. Enterprise Co-Chief Executive Officer Jim Teague disclosed the proposed Sea Port Oil Terminal's start date at an RBN Energy export conference in Houston. Subscribers to Industrial Info's Global Market Intelligence (GMI) Terminals Project Database can click here for the project report. (Reuters)
PRODUCTION
U.S. Crude Oil Production Rises to Highest Rate Since April 2020 - U.S. crude oil field production rose last week to its highest since April 2020, EIA data showed on Wednesday. Oil output gained to 12.4 million barrels per day, the EIA said. Meanwhile, U.S. refiner utilization rose to 95.8%, the highest since August 2019, the EIA said. (Reuters)
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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
NATURAL GAS
U.S. Sees Big Natural Gas Storage Build - The U.S. Energy Information Administration (EIA) said utilities added 118 billion cubic feet (Bcf) of natural gas into storage during the week ended June 2. That compares with a rise of 99 Bcf in the same week last year and a five-year (2018-2022) average increase of 100 Bcf. (Reuters)
TERMINALS
Enterprise Products Oil Export Terminal to Open by Early 2027 - Enterprise Products Partners LP's (NYSE:EPD) (Houston, Texas) Sea Port crude oil export terminal off the coast of Texas could begin operations between the second half of 2026 and early 2027, the pipeline operator's co-chief executive said on Thursday. The terminal, planned for about 30 miles off the coast of Texas, is one of several deepwater projects proposed at the height of the U.S. shale oil production boom. Enterprise Co-Chief Executive Officer Jim Teague disclosed the proposed Sea Port Oil Terminal's start date at an RBN Energy export conference in Houston. Subscribers to Industrial Info's Global Market Intelligence (GMI) Terminals Project Database can click here for the project report. (Reuters)
PRODUCTION
U.S. Crude Oil Production Rises to Highest Rate Since April 2020 - U.S. crude oil field production rose last week to its highest since April 2020, EIA data showed on Wednesday. Oil output gained to 12.4 million barrels per day, the EIA said. Meanwhile, U.S. refiner utilization rose to 95.8%, the highest since August 2019, the EIA said. (Reuters)
About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
