Kinder Morgan, Apache: 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.

PRODUCTION
U.S. Crude Output Declined in May - U.S. crude oil output declined 26,000 barrels per day (BBL/d) in May to 12.11 million BBL/d, the U.S. Energy Information Administration said in a recent monthly report. (Reuters)

EARNINGS
Apache Shifts to Net Loss - Apache Corporation (NYSE:APA) reported a $360 million second-quarter 2019 loss after intentionally slowing down its output in the Permian Basin because of weak pricing and temporary pipeline shortages. The loss compares to a nearly $200 profit during the same time last year. (Houston Chronicle)

LNG
Kinder Morgan's Gulf LNG Project Approved for Exports to Non-FTA Countries - Kinder Morgan's (NYSE:KMI) Gulf LNG project in Mississippi took another step forward after the U.S. Department of Energy issued an order authorizing exports from the proposed liquefied natural gas (LNG) terminal to countries without a free trade agreement (FTA) with the U.S. (Projects 300104640, 300173466) (Houston Chronicle)

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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.