Reports related to this article:
Project(s): View 1 related project in PECWeb
Released August 14, 2020 | SUGAR LAND
en
News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
NATURAL GAS
U.S. Adds to Natural Gas in Storage - The U.S. Energy Information Administration (EIA) said U.S. utilities injected 58 billion cubic feet (Bcf) of natural gas into storage in the week ended August 7. That compares with an increase of 51 Bcf during the same week last year and a five-year (2015-19) average build of 44 Bcf.
CRUDE OIL
Oil Slips After IEA Lowers 2020 Demand Forecast - Oil prices eased on Thursday after the International Energy Agency (IEA) lowered its 2020 oil demand forecast due to unprecedented travel restrictions to fight the coronavirus. Brent crude ended the session down 47 cents, or 1%, at $44.96 a barrel while West Texas Intermediate (WTI) settled down 43 cents, or 1%, at $42.24 a barrel.
PIPELINES
Mountain Valley Southgate Extension Targets 2021 Startup Date - The companies developing the Mountain Valley Southgate natural gas pipeline expansion from Virginia to North Carolina said on Wednesday they continue to target a 2021 startup for the project after North Carolina regulators denied a water permit. The North Carolina Department of Environmental Quality denied the permit on Tuesday due to uncertainty around whether Equitrans Midstream Corporation (NYSE:ETRN) will complete the $5.4 billion-$5.7 billion Mountain Valley Pipeline from West Virginia to Virginia. (Project 300447483) (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 trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
NATURAL GAS
U.S. Adds to Natural Gas in Storage - The U.S. Energy Information Administration (EIA) said U.S. utilities injected 58 billion cubic feet (Bcf) of natural gas into storage in the week ended August 7. That compares with an increase of 51 Bcf during the same week last year and a five-year (2015-19) average build of 44 Bcf.
CRUDE OIL
Oil Slips After IEA Lowers 2020 Demand Forecast - Oil prices eased on Thursday after the International Energy Agency (IEA) lowered its 2020 oil demand forecast due to unprecedented travel restrictions to fight the coronavirus. Brent crude ended the session down 47 cents, or 1%, at $44.96 a barrel while West Texas Intermediate (WTI) settled down 43 cents, or 1%, at $42.24 a barrel.
PIPELINES
Mountain Valley Southgate Extension Targets 2021 Startup Date - The companies developing the Mountain Valley Southgate natural gas pipeline expansion from Virginia to North Carolina said on Wednesday they continue to target a 2021 startup for the project after North Carolina regulators denied a water permit. The North Carolina Department of Environmental Quality denied the permit on Tuesday due to uncertainty around whether Equitrans Midstream Corporation (NYSE:ETRN) will complete the $5.4 billion-$5.7 billion Mountain Valley Pipeline from West Virginia to Virginia. (Project 300447483) (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 trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
