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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. Also capping demand was the final shutdown ofLyondellBasell Industries(NYSE: LYB ) 263,776 barrel-per-day (bpd) Houston refinery this month. Gulf Coast pressured that market lower. million, 4.2% lower than average 2024 levels.

Refinery 130
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EPAโ€™s Denial of Louisianaโ€™s Revised SIP

The Energy Law

On December 7, 2023, the Environmental Protection Agency (EPA) disapproved the state implementation plan (SIP) revisions for the Baton Rouge ozone nonattainment area that Louisiana set forth in response to EPAโ€™s 2015 SIP Call rule. K Startup and Shutdown, in its place. 85112 (December 7, 2023). 85112 (December 7, 2023).

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Top 10 Labor and Employment Issues in Bankruptcy

The Energy Law

In the world of oil and gas, there are a lot of companies with debt maturities coming due in 2020 or 2021 ( see this article from the Wall Street Journal discussing the $120 billion debt wall these companies will face through 2023), and oil prices have been below the break-even point for many drilling sites.

E&A 52
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Top 10 Labor and Employment Issues in Bankruptcy

The Energy Law

In the world of oil and gas, there are a lot of companies with debt maturities coming due in 2020 or 2021 ( see this article from the Wall Street Journal discussing the $120 billion debt wall these companies will face through 2023), and oil prices have been below the break-even point for many drilling sites.

E&A 40