NRG Energy, Hess Corporation: Your Daily Energy News

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Energy Market highlights gathered by Industrial Info and IIR Energy

POWER
New York Denies Permits for Natural Gas-Fired Power Projects - New York environmental regulators on Wednesday rejected permits to build two natural gas-fired power plants as the state focuses more on renewable projects and energy efficiency to meet its greenhouse gas reduction goals. The New York State Department of Environmental Conservation denied air emissions permits for NRG Energy Incorporated's (NYSE:NRG) (Houston, Texas) proposed Astoria gas turbine project in the New York City borough of Queens, and Danskammer Energy LLC's (Newburgh, New York) proposed Danskammer repowering project in Newburgh on the Hudson River. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for the NRG project report and here for the Danskammer report. (Reuters)

EARNINGS REPORTS
Hess Reports Quarterly Profit - Oil producer Hess Corporation (NYSE:HES) (New York, New York) on Wednesday reported a quarterly profit, compared with a year-ago loss, as prices for crude oil and natural gas surge. The company reported an adjusted profit of $86 million in third-quarter 2021, compared with a loss of $216 million a year earlier. (Reuters)

CRUDE OIL
U.S. Crude Oil Stocks Up, Cushing Supplies Dwindle - U.S. crude oil stocks rose last week, the government reported on Wednesday, but inventories at the Cushing, Oklahoma, storage hub dropped sharply. Crude oil inventories in the week ending October 22 rose by 4.3 million barrels to 430.8 million barrels, the U.S. Energy Information Administration (EIA) said. However, stocks at the Cushing, Oklahoma, delivery hub fell by 3.9 million barrels in the week to 27.3 million barrels, the lowest since October 2018. (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), 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.