Released October 22, 2021 | SUGAR LAND
en
Energy Market highlights gathered by Industrial Info and IIR Energy
NATURAL GAS
U.S. Natural Gas Sees Big Storage Build - For the week ending October 15, U.S. utilities added 92 billion cubic feet (Bcf) of gas into storage, the sixth week in a row that inventory builds were bigger than usual. Last week's injection boosted stockpiles to 3.461 trillion cubic feet (Tcf), which would be 4.2% below the five-year average of 3.612 Tcf for this time of year. (Reuters)
POWER
U.S. Grid Operator Changes Rules to Shore Up Coal Supply - PJM Interconnection (Norristown, Pennsylvania), the largest U.S. power grid operator, could restrict how much some coal-fired plants can operate this winter if their fuel supplies fall below certain levels to ensure coal will be available in the case of a deep freeze in the eastern part of the country. To help ensure power plants will be available when needed this winter, PJM said it may restrict steam units, which are generally coal-fired, from operating if they have less than 10 days of fuel supply available. In the past, PJM allowed plants to operate until they had just 32 hours of fuel supply. PJM operates the biggest electric grid in the U.S., serving 65 million people in 13 Midwest and Mid-Atlantic states from Illinois to New Jersey and the District of Columbia. (Reuters)
CRUDE OIL
Oil Takes Tumble on Forecast for Mild U.S. Winter - Oil tumbled on Thursday as a forecast for a warm U.S. winter put the brakes on a rally that drove prices to a three-year high above $86 a barrel. Winter weather in much of the U.S. is expected to be warmer than average, according to a National Oceanic and Atmospheric Administration report released Thursday morning. Brent crude oil fell $1.21 to $84.61, after reaching a session high of $86.10, the highest since October 2018. U.S. West Texas Intermediate crude oil settled down 92 cents to $82.50. (Reuters)
.....
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.
NATURAL GAS
U.S. Natural Gas Sees Big Storage Build - For the week ending October 15, U.S. utilities added 92 billion cubic feet (Bcf) of gas into storage, the sixth week in a row that inventory builds were bigger than usual. Last week's injection boosted stockpiles to 3.461 trillion cubic feet (Tcf), which would be 4.2% below the five-year average of 3.612 Tcf for this time of year. (Reuters)
POWER
U.S. Grid Operator Changes Rules to Shore Up Coal Supply - PJM Interconnection (Norristown, Pennsylvania), the largest U.S. power grid operator, could restrict how much some coal-fired plants can operate this winter if their fuel supplies fall below certain levels to ensure coal will be available in the case of a deep freeze in the eastern part of the country. To help ensure power plants will be available when needed this winter, PJM said it may restrict steam units, which are generally coal-fired, from operating if they have less than 10 days of fuel supply available. In the past, PJM allowed plants to operate until they had just 32 hours of fuel supply. PJM operates the biggest electric grid in the U.S., serving 65 million people in 13 Midwest and Mid-Atlantic states from Illinois to New Jersey and the District of Columbia. (Reuters)
CRUDE OIL
Oil Takes Tumble on Forecast for Mild U.S. Winter - Oil tumbled on Thursday as a forecast for a warm U.S. winter put the brakes on a rally that drove prices to a three-year high above $86 a barrel. Winter weather in much of the U.S. is expected to be warmer than average, according to a National Oceanic and Atmospheric Administration report released Thursday morning. Brent crude oil fell $1.21 to $84.61, after reaching a session high of $86.10, the highest since October 2018. U.S. West Texas Intermediate crude oil settled down 92 cents to $82.50. (Reuters)
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.
