Weak refinery, export demand weakens prices for Midland crude along Texas coast
Oil & Gas 360ยบ
MARCH 6, 2025
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.
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