TotalEnergies, Venezuela's Crude Oil Exports, Exelon: 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.

CRUDE OIL
TotalEnergies Forecasts Oil Demand Growth Until 2040 - TotalEnergies SE (Courbevoie, France) expects global oil demand to rise until 2040 before declining gradually as energy security concerns and a lack of political coordination slow efforts to cut emissions, it said in its annual energy outlook report on Tuesday. The forecast is an upward revision from last year, reflecting U.S. President Donald Trump's partial rollback of green subsidies and resumption of licences for liquefied natural gas plants, as well as coal plant installations in Asia and slowing sales of electric vehicles globally.

Venezuela's October Crude Oil Exports Fall - Venezuela's oil exports declined 26% to some 808,000 barrels per day (BBL/d) in October as the country's stocks dwindled and it imported smaller volumes of diluents to produce exportable crude grades, according to shipping data and documents from state firm PDVSA (Caracas). The country's exports had reached a five-year high in September after being boosted by stable crude oil production of around 1.1 million BBL/d and robust imports of light crude and naphtha earlier in the year to dilute its extra-heavy oil output. However, imports fell to around 41,000 BBL/d in September and 73,500 BBL/d in October, below the 105,000-110,000 BBL/d registered in the first two quarters of the year, knocking down PDVSA's inventories of diluents and blend crudes, the data and documents showed, meaning less exportable oil. (Reuters)

POWER
Exelon's Data Center Demand Grows 12% in Third Quarter - Exelon Corporation (Chicago, Illinois) saw a 12% rise in demand from potential data center customers in the third quarter as the major U.S. electric utility pushes to change state laws barring it from developing new power plants, its executives said on Tuesday. The amount of data-center customers seeking to connect to Exelon's system, which spans 20 states largely in the Midwest and Mid-Atlantic regions, had grown to 19 gigawatts in the three-month period ended September 30. Exelon and other regulated U.S. electric utilities have recently proposed building and operating their own power plants; however, utilities in deregulated states are allowed to own power lines but not power generation. (Reuters)

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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 Resources

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).