IEA Forecast, U.S. Oil Rig Count: 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
IEA: U.S. Production to Oversupply Oil Market in 2019 - Surging U.S. oil output will outpace sluggish global demand and lead to a large stock build around the world in the next nine months, the International Energy Agency (IEA) said on Friday. (Reuters)

China's Crude Imports Up for June - China's crude oil imports on a daily basis in June rose 15.2% from a year earlier, customs data showed on Friday, as the startup of new large-scale refiners spurred demand for feedstock. June imports by the world's largest crude oil importer came in at 39.58 million tonnes, according to data from the General Administration of Customs. That works out to 9.63 million barrels per day (BBL/d), up 1.7% from 9.47 million BBL/d in May and up from 8.36 million BBL/d a year ago. (Reuters)

PRODUCTION
U.S. Oil Rig Count Falls - The number of rigs drilling for oil in the U.S. fell by four for the week ending July 12, to 784. (MarketWatch)

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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 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, eight 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 https://www.industrialinfo.com.