U.S. Crude Oil Inventories, Mexico Oil Production: 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
U.S. Crude Stocks Increase -- U.S. crude oil inventories increased 6.165 million barrels for the week ending March 28, according to the U.S. Energy Information Administration (EIA). Gasoline inventories dropped 1.551 million barrels, and distillates were up 264,000 barrels week-on-week, according to the EIA. Strategic Petroleum Reserve inventories rose 300,000 barrels. (IIR Energy)

PRODUCTION
Mexico Says Crude Oil Production Below Targets - Mexico lowered its estimate for average crude oil production for this year by 129,000 barrels per day (BBL/d), citing a "prudent approach" that takes into account the trajectory of the first months of the year. This would bring the country below the ambitious 1.8 million BBL/d target set by President Claudia Sheinbaum. In its revised estimate, the finance ministry estimated in its preliminary budget criteria published late on Tuesday that production will average 1.762 million BBL/d for this year and then increase to 1.775 million BBL/d next year. (Reuters)

PIPELINES
Argentina Starts Gas Exports to Brazil via Bolivia - Argentina has for the first time exported natural gas from its Vaca Muerta shale formation to Brazil using a set of Bolivian pipelines, in a deal between TotalEnergies SE (NYSE:TTE) (Courbevoie, France), Bolivia's YPFB (La Paz) and Matrix Energia (Sao Paulo, Brazil), the Brazilian company said on Tuesday. Companies from Bolivia, Argentina and Brazil have negotiated deals for more than a year, trying to secure a long-term route for Argentina's gas to reach Brazil, one of Latin America's most important gas markets. Some 500,000 cubic meters were exported through the Bolivian pipeline on Tuesday, sources familiar with the matter told Reuters. (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).