Freeport LNG, U.S. Crude Oil Stocks: Your Daily Energy News

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Energy Market highlights gathered by Industrial Info and IIR Energy

CRUDE OIL
U.S. Crude Oil, Gasoline Stockpiles Rise - U.S. crude oil inventories rose by 4.5 million barrels in the week ending July 29 to 426.6 million barrels, the Energy Information Administration (EIA) said on Wednesday. Gasoline stocks rose by about 200,000 barrels in the week to 225.3 million barrels, the EIA said. Distillate stockpiles fell by 2.4 million barrels in the week to 109.3 million barrels. (Reuters)

LNG
U.S. Regulator to Allow Freeport LNG to Resume Partial Operations in October - Freeport LNG (Houston, Texas) on Wednesday said it reached an agreement with a federal regulator that will allow it to resume some operations at its liquefied natural gas (LNG) production and export plant in Quintana, Texas, in October. Freeport shut the plant, which supplies about 20% of U.S. LNG exports, following an explosion and fire on June 8. Freeport reached a consent agreement with the Pipeline and Hazardous Materials Safety Administration that included corrective measures the company must take to allow it to resume partial operations, it said in a statement. Full operations at the facility are not slated to resume until the end of the year. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Plant Database can click here for the plant profile. (Reuters)

NATURAL GAS
U.S. Natural Gas Jumps 7% - U.S. natural gas futures jumped 7% on Wednesday on news of the Freeport LNG plant returning to service. Front-month gas futures rose 56.0 cents, or 7.3%, to settle at $8.266 per million British thermal units. (Reuters)

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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 world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.