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U.S. Crude Oil Output, LNG Exports: Your Daily Energy News

Scan through a selection of energy-related news highlights that we think will interest our clients.

Released Tuesday, April 02, 2024

U.S. Crude Oil Output, LNG Exports:  Your Daily Energy News

News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

PRODUCTION
EIA: U.S. Crude Oil Output Declined in January
- U.S. crude oil production dropped in January to 12.5 million barrels per day (BBL/d), a 6% decline from December's record high, following freezing weather, data from the U.S. Energy Information Administration (EIA) showed on Friday. Crude oil output in top oil state Texas fell in January to 5.4 million BBL/d, down about 5% from the prior month, the data showed, while production in North Dakota fell nearly 13% to 1.1 million BBL/d. (Reuters)

POWER
Virginia Regulators Approve Dominion Solar Projects
- Virginia utility regulators on Friday approved new solar projects with a total of 764 megawatts (MW) of capacity that will expand Dominion Energy Incorporated's (NYSE:D) (Richmond, Virginia) clean energy portfolio in the U.S. state. The more than a dozen projects approved by the Virginia State Corporation Commission included four solar facilities amounting to 329 MW that will either be owned or acquired by Dominion, as well as power purchase agreements for independently-owned solar projects that will deliver 435 MW of capacity in total. (Reuters)

LNG
March U.S. LNG Exports Decline
- U.S. exports of liquefied natural gas (LNG) fell slightly in March to 7.61 million metric tons (MT) from 7.73 MT in February, preliminary data from financial firm LSEG showed on Monday. (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).

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