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

---

Energy Market highlights gathered by Industrial Info and IIR Energy

POWER
Xcel Energy Unit Applies for License Extension for Nuclear Reactor - Xcel Energy Incorporated (NASDAQ:XEL) (Minneapolis, Minnesota) unit Northern States Power Company asked to extend the operating license of its Monticello nuclear reactor in Minnesota by another two decades, the U.S. Nuclear Regulatory Commission (NRC) said on Friday. Monticello currently is greenlighted to run through September 2030. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Plant Database can click here for the plant profile. (Reuters)

PRODUCTION
U.S. Rig Count Falls for Fourth Week - U.S. energy firms last week cut the number of oil and natural gas rigs operating for a fourth week in a row for the first time since July 2020, energy services firm Baker Hughes Company (NASDAQ:BKR) (Houston, Texas) said. The oil and gas rig count fell by three to 746 in the week ending March 10, the lowest since June. U.S. oil rigs fell by two to 590, also their lowest since June, while gas rigs fell by one to 153. (Reuters)

CRUDE OIL
EIA: U.S. Crude Oil Output, Demand Set to Rise in 2023 - The U.S. Energy Information Administration (EIA) projected that U.S. crude oil production will rise by 590,000 barrels per day (BBL/d) to 12.44 BBL/d in 2023 and by another 190,000 BBL/d to 12.63 million BBL/d next year. The EIA also projected petroleum and other liquid fuels consumption would rise by 100,000 BBL/d to 20.4 million BBL/d in 2023. (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).