U.S. LNG Exports, Declining Natural Gas Futures: 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.

LNG
U.S. LNG Exports Declined by More than Half So Far in 2020 - Daily natural gas deliveries to U.S. facilities that produce liquefied natural gas (LNG) for export were a record 9.8 billion cubic feet per day (Bcf/d) in late March 2020, but deliveries fell to less than 4.0 Bcf/d in June. Trade press reports indicate that more than 70 cargoes were canceled for June and July deliveries, and more than 40 cargoes were canceled for August deliveries. In comparison, 74 cargoes were exported from the United States in January 2020. (EIA)

NATURAL GAS
U.S. Natural Gas Futures Fall on Forecast for Milder Weather - U.S. natural gas futures eased on Tuesday despite a slow increase in exports, as forecasts called for less hot weather, lower air conditioning demand and an increase in daily production. Front-month gas futures fell 2.7 cents, or 1.6%, to settle at $1.637 per million British thermal units, their lowest since June 16. (Reuters)

CRUDE OIL
API: U.S. Stocks Rise, Fuels Decline - U.S. crude oil stocks rose while gasoline and distillate inventories fell in the most recent week, data from industry group the American Petroleum Institute (API) showed on Tuesday. Crude inventories rose by 1.7 million barrels in the week to June 19 to 545 million barrels. Gasoline stocks fell by 3.9 million barrels. Distillate fuel inventories, which include diesel and heating oil, fell by 2.6 million barrels. U.S. crude imports rose last week by 97,000 barrels per day, the data 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 trading, logistics and marketing communities. We are the number one source for information about electricity 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. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.