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. 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.
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