U.S. Crude Oil Stocks, Natural Gas Futures: Your Daily Energy News

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Energy Market highlights gathered by Industrial Info and IIR Energy

CRUDE OIL
U.S. Crude Oil Stocks Decline - U.S. crude oil inventories fell by 4.6 million barrels in the week ending December 10 to 428.3 million barrels. The decline in crude oil stocks was in part due to a sharp increase in exports. U.S. gasoline stocks fell 719,000 barrels in the week, while distillate stockpiles fell by 2.9 million barrels. (Reuters)

NATURAL GAS
U.S. Natural Gas Futures Rise on Cooler Forecasts - U.S. natural gas futures climbed almost 2% on Wednesday on forecasts for colder weather over the next two weeks than previously expected. Front-month gas futures rose 5.5 cents, or 1.5%, to settle at $3.802 per million British thermal units. (Reuters)

New York City Set to Ban Natural Gas in New Buildings - The New York City Council was expected to vote on Wednesday to ban natural gas in new buildings, following in the footsteps of dozens of other smaller U.S. cities seeking to shift from fossil fuels to cleaner forms of energy. Should the law pass, new buildings in the city of 8.8 million residents will have to use electricity for heat and cooking. In the near-term, the new law will do little to reduce carbon emissions, as numerous older buildings will not be affected, and the new structures would use electricity generated with fossil fuels anyway. Longer-term, however, the state plans to stop using fossil fuels to generate power. (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), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.