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Released November 02, 2021 | SUGAR LAND
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Energy Market highlights gathered by Industrial Info and IIR Energy
REFINING
Shell Completes Sale of Puget Sound Refinery to HollyFrontier - Royal Dutch Shell plc (NYSE:RDS-A) (The Hague, Netherlands), has completed the sale of its Puget Sound Refinery near Anacortes, Washington, to a subsidiary of HollyFrontier Corporation (NYSE:HFC) (Dallas, Texas) for $350 million in cash plus the value of the hydrocarbon inventory. Subscribers to Industrial Info's Global Market Intelligence (GMI) Refining Plant Database can click here for the plant profile. (PR Newswire)
CRUDE OIL
Iraq's Oil Exports Rise in October - Iraq's oil exports for October rose to 3.12 million barrels per day (BBL/d) from 3.081 million BBL/d in the previous month, the oil ministry said in a statement on Monday. Exports from Iraq's southern Basra terminals reached 3.012 million BBL/d during October, the ministry said. (Reuters)
NATURAL GAS
U.S. Natural Gas Drops More than 4% - U.S. natural gas futures fell more than 4% to a one-week low on Monday on rising output, lower demand than previously projected and growing expectations the U.S. will have more than enough gas in storage for the winter heating season. U.S. natural gas stockpiles are about 3% below the five-year average for this time of year. After dropping more than 6% in each of the prior two sessions, front-month gas futures fell 24.0 cents, or 4.4%, on Monday to settle at $5.186 per million British thermal units, their lowest close since October 21. (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.
REFINING
Shell Completes Sale of Puget Sound Refinery to HollyFrontier - Royal Dutch Shell plc (NYSE:RDS-A) (The Hague, Netherlands), has completed the sale of its Puget Sound Refinery near Anacortes, Washington, to a subsidiary of HollyFrontier Corporation (NYSE:HFC) (Dallas, Texas) for $350 million in cash plus the value of the hydrocarbon inventory. Subscribers to Industrial Info's Global Market Intelligence (GMI) Refining Plant Database can click here for the plant profile. (PR Newswire)
CRUDE OIL
Iraq's Oil Exports Rise in October - Iraq's oil exports for October rose to 3.12 million barrels per day (BBL/d) from 3.081 million BBL/d in the previous month, the oil ministry said in a statement on Monday. Exports from Iraq's southern Basra terminals reached 3.012 million BBL/d during October, the ministry said. (Reuters)
NATURAL GAS
U.S. Natural Gas Drops More than 4% - U.S. natural gas futures fell more than 4% to a one-week low on Monday on rising output, lower demand than previously projected and growing expectations the U.S. will have more than enough gas in storage for the winter heating season. U.S. natural gas stockpiles are about 3% below the five-year average for this time of year. After dropping more than 6% in each of the prior two sessions, front-month gas futures fell 24.0 cents, or 4.4%, on Monday to settle at $5.186 per million British thermal units, their lowest close since October 21. (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.
