U.S. Oil Buys, Plains All American: 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
President Trump Orders Mass Oil Buys to Fill Reserve - President Donald Trump ordered the federal government to begin buying tens of millions of barrels of crude oil to be stored in the Strategic Petroleum Reserve Friday, in a bid to aid the domestic oil and gas industry after crude prices collapsed this week. (Houston Chronicle)

FINANCIAL
Plains All American to Pay More than $60 for 2015 Oil Spill - Plains All American Pipeline LP (NYSE:PAA) agreed to pay about $60.6 million to settle civil charges it violated federal pipeline safety laws in connection with the 2015 spillage of 2,934 barrels of crude oil near Santa Barbara, California, the U.S. Department of Justice said on Friday. The government said the payout includes $24 million in penalties, plus additional sums to cover damage to natural resources and clean-up costs. (Reuters)

Husky Energy Reduces Capital Spending - Canada's Husky Energy (TSX:HSE) announced that it will reduce it planned 2020 capital spending by $900 million and take an additional $100 million in cost-saving measures. (GlobeNewswire)

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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.