Released April 15, 2024 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
PRODUCTION
Texas Earthquake Could Further Limit Saltwater Disposal Options - A 4.4-magnitude earthquake that shook the largest U.S. shale field on Wednesday could lead to further restrictions on how operators there can dispose of saltwater associated with their oil and gas production, analysts said. The quake was the largest yet in the Stanton Seismic Response Area (SRA), a swath of the Permian basin near Midland, Texas, where regulators were already monitoring seismic activity linked to disposal of saltwater, a natural byproduct of oil and gas production. The Railroad Commission of Texas in January of this year banned saltwater disposal injection in a separate part of the Permian, called the Northern Culberson-Reeves Seismic Response Area, after a series of seven earthquakes measuring up to magnitude-5.2 occurred in a span of just five weeks toward the end of last year. That ban applied to 23 disposal wells in the area and impacted several producers. (Reuters)
COAL
EIA Revises U.S. Coal Export Forecast Downward - The U.S. Energy Information Administration (EIA) last week revised its April coal exports forecast downward by 33%, and lowered its view for May by 20% due to the collapse of the Francis Scott Key Bridge in Baltimore and resulting port closure. The EIA had expected U.S. coal exports to rise by about 1% this year, but now expects a 6% decrease from last year's levels following the bridge collapse. (Reuters)
CRUDE OIL
China's Crude Oil Imports Rise Slightly in First Quarter - China's crude oil imports for the first quarter of 2024 stood at 137.4 million tons, a 0.7% increase from last year's first quarter figure of 136.3 million tons. Crude oil imports in March totaled 49.05 million metric tons, or about 11.55 million barrels per day, data from the General Administration of Customs showed. (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) 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).
PRODUCTION
Texas Earthquake Could Further Limit Saltwater Disposal Options - A 4.4-magnitude earthquake that shook the largest U.S. shale field on Wednesday could lead to further restrictions on how operators there can dispose of saltwater associated with their oil and gas production, analysts said. The quake was the largest yet in the Stanton Seismic Response Area (SRA), a swath of the Permian basin near Midland, Texas, where regulators were already monitoring seismic activity linked to disposal of saltwater, a natural byproduct of oil and gas production. The Railroad Commission of Texas in January of this year banned saltwater disposal injection in a separate part of the Permian, called the Northern Culberson-Reeves Seismic Response Area, after a series of seven earthquakes measuring up to magnitude-5.2 occurred in a span of just five weeks toward the end of last year. That ban applied to 23 disposal wells in the area and impacted several producers. (Reuters)
COAL
EIA Revises U.S. Coal Export Forecast Downward - The U.S. Energy Information Administration (EIA) last week revised its April coal exports forecast downward by 33%, and lowered its view for May by 20% due to the collapse of the Francis Scott Key Bridge in Baltimore and resulting port closure. The EIA had expected U.S. coal exports to rise by about 1% this year, but now expects a 6% decrease from last year's levels following the bridge collapse. (Reuters)
CRUDE OIL
China's Crude Oil Imports Rise Slightly in First Quarter - China's crude oil imports for the first quarter of 2024 stood at 137.4 million tons, a 0.7% increase from last year's first quarter figure of 136.3 million tons. Crude oil imports in March totaled 49.05 million metric tons, or about 11.55 million barrels per day, data from the General Administration of Customs showed. (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) 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).
