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Weak refinery, export demand weakens prices for Midland crude along Texas coast

Oil & Gas 360ยบ

The spread between the two pricing points narrowed to 23 cents in March, the lowest since November 2023. That compared to an average of 50 cents a barrel a year ago, when record crude production at the top U.S. million barrels last week, its highest level in four months. Gulf Coast pressured that market lower. premium to U.S.

Refinery 130
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Energy Transfer Caps 2024 with Strong Q4 and Full Year Earnings Results

Energy Transfer

This was another strong quarter for Energy Transfer, with robust growth in adjusted EBITDA compared to Q4 2023. We also saw strong performance in crude oil transportation volumes (up 15%), NGL transportation volumes (up 5%), NGL exports (up 2%), midstream gathered volumes (up 2%) and interstate natural gas transportation volumes (up 2%).

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BP Expands U.S. Natural Gas Production Amid Rising Prices and LNG Growth

Oil Gas Leads

In 2023, BP produced 434,000 barrels of oil equivalent per day (boepd) in its U.S. We have a fabulous position here in the Gulf of America, Auchincloss stated, referring to the companys 10 billion barrels of oil and gas resources in place within the Paleogene play.

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A Look Back on 2024

Energy Transfer

Texas Rangers Announced a Multi-Year Agreement With Energy Transfer Texas Rangers and Energy Transfer expanded their partnership to include a multi-year deal in which Energy Transfer became the official jersey patch partner of the 2023 World Series Champion Rangers. Bcf/d, and two additional processing plants that are under construction.