Shell's LNG Output, India's Fuel Demand: 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.

LNG
Shell Lowers First-Quarter LNG Production Outlook - Shell plc (NYSE:SHEL) (London, England) lowered its first-quarter liquefied natural gas (LNG) production outlook in a trading update on Monday, citing the impact of bad weather in Australia, before it publishes results on May 2. The company forecast LNG output will reach between 6.4 million and 6.8 million metric tons, down from a previous forecast of 6.6 million to 7.2 million tons. Shell produced 7.1 million tons of LNG in the fourth quarter of last year. (Reuters)

REFINED PRODUCTS
India's Fuel Demand Hit 10-Month High in March - India's fuel demand in March hit a 10-month high, rising 9.3% from the previous month to 20.91 million metric tons, oil ministry data showed on Monday. On a yearly basis, however, March fuel demand was down 3.1% from 21.57 million tons in the same month last year, the Petroleum Planning and Analysis Cell's website showed. Sales of gasoline rose 10.6% to 3.5 million tons compared with last month's 3.2 million tons, and were 5.7% higher than a year earlier. Diesel consumption rose nearly 10% month-on-month to 8.1 million tons in March. (Reuters)

PUBLICATIONS
U.S. EIA Delays Publication of Short-Term Energy Outlook - The U.S. Energy Information Administration (EIA) said on Monday it is delaying publication of the Short-Term Energy Outlook (STEO) report amid a plunge in oil prices to near four-year lows over growing concerns of a global recession. The report, scheduled for Tuesday, April 8, will now be published on Thursday, April 10, the EIA said in an email. The EIA is re-running the models used for STEO forecasts to reflect the most recent developments in the market. Market participants closely track the report to inform trading decisions. (Reuters)

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About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).