Released August 14, 2019 | SUGAR LAND
en
News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
CRUDE OIL
Oil Surges Most in Seven Months as Trade War Seems to Ease - Crude oil jumped the most since early January on Tuesday as the trade deadlock between the U.S. and China showed signs of easing, calming fears that global economic growth would be endangered. Futures surged 4.6% in London, settling above $61 a barrel for the first time in more than a week. New York-traded crude climbed 4%. (Houston Chronicle)
PRODUCTION
EIA: U.S. Shale Output to Rise to Record in September - U.S. oil output from seven major shale formations is expected to rise by 85,000 barrels per day (BBL/d) in September, to a record 8.77 million BBL/d, the U.S. Energy Information Administration (EIA) forecast in its recent monthly drilling productivity report. (Reuters)
LNG
Australia Set to Become World's Largest LNG Exporter - Australia is on track to surpass Qatar as the world's largest liquefied natural gas (LNG) exporter, according to Australia's Department of Industry, Innovation, and Science. Australia already surpasses Qatar in LNG export capacity and exported more LNG than Qatar in November 2018 and April 2019. Within the next year, as Australia's newly commissioned projects ramp up and operate at full capacity, the EIA expects Australia to consistently export more LNG than Qatar. Australia's LNG export capacity increased from 2.6 billion cubic feet per day (Bcf/d) in 2011 to more than 11.4 Bcf/d in 2019. (EIA)
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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, 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. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
CRUDE OIL
Oil Surges Most in Seven Months as Trade War Seems to Ease - Crude oil jumped the most since early January on Tuesday as the trade deadlock between the U.S. and China showed signs of easing, calming fears that global economic growth would be endangered. Futures surged 4.6% in London, settling above $61 a barrel for the first time in more than a week. New York-traded crude climbed 4%. (Houston Chronicle)
PRODUCTION
EIA: U.S. Shale Output to Rise to Record in September - U.S. oil output from seven major shale formations is expected to rise by 85,000 barrels per day (BBL/d) in September, to a record 8.77 million BBL/d, the U.S. Energy Information Administration (EIA) forecast in its recent monthly drilling productivity report. (Reuters)
LNG
Australia Set to Become World's Largest LNG Exporter - Australia is on track to surpass Qatar as the world's largest liquefied natural gas (LNG) exporter, according to Australia's Department of Industry, Innovation, and Science. Australia already surpasses Qatar in LNG export capacity and exported more LNG than Qatar in November 2018 and April 2019. Within the next year, as Australia's newly commissioned projects ramp up and operate at full capacity, the EIA expects Australia to consistently export more LNG than Qatar. Australia's LNG export capacity increased from 2.6 billion cubic feet per day (Bcf/d) in 2011 to more than 11.4 Bcf/d in 2019. (EIA)
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, 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. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
