ExxonMobil, Pemex: Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

CRUDE OIL
ExxonMobil Expects Crude Oil Demand to Remain Same Through 2050 - Exxon Mobil Corporation (NYSE:XOM) (Spring, Texas) said on Monday it expects crude oil demand to stay above 100 million barrels per day (BBL/d) through 2050, similar to today's levels, a forecast 25% higher than top European rival BP (NYSE:BP) (London, England). The stronger demand projected by the largest U.S. oil company in its latest global oil outlook underpins ExxonMobil's production growth plans, the most ambitious among Western oil majors. (Reuters)

REFINING
New Pemex Refinery Processes 65,000 BBL/d in July, but Produces No Gasoline - Mexican state oil firm Pemex's (Mexco City) newest refinery processed some 65,046 BBL/d of crude oil in July, its first month of operations after multiple delays. The Olmeca refinery's production included 21,511 BBL/d of diesel and 8,775 BBL/d of coke, Pemex said in a recent report, but no gasoline. Subscribers to Industrial Info's Global Market Intelligence (GMI) Refining Plant Database can learn more by viewing the plant profile. (Reuters)

PRODUCTION
New Zealand to Overturn Oil & Gas Exploration Ban - New Zealand said on Monday it would pass laws by the end of this year to reverse a ban on offshore oil and gas exploration, and take urgent steps to remove regulatory hurdles to import liquefied natural gas amid energy shortages. The law would end the ban, in place since 2018, on exploration outside onshore Taranaki, an energy-rich region on the country's North Island as the right-of-center government plans to lure investment to the country's oil and gas sector. (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).