OilPrice

MARCH 10, 2025

Shandong Yulong Petrochemical, the newest refiner in China, is set to begin trial runs at a 200,000-barrels per day crude processing unit later this month, traders familiar with the facilitys plans told Reuters on Monday, in what could be a boost to Chinese crude oil imports in the coming months.

Refinery 195

Refinery Oil Crude Oil Barrel 195

Oil & Gas 360º

MARCH 6, 2025

(Investing) –HOUSTON – The price spread between WTI Midland crude in West Texas and Houston has narrowed this year as cold weather hurt Permian production, driving up prices, but weaker refinery and export demand on the U.S. refinery utilization stood at 85.6% lower than average 2024 levels. million, 4.2%

Refinery 130

Refinery Barrel Pipeline Crude Oil 130

Oil Review Middle East

MARCH 10, 2025

In 2024, it acquired a strategic minority stake in MidOcean, followed by additional investments. Global oil demand reached new highs in 2024, and we expect further growth in 2025. Aramco anticipates strong demand-led growth for LNG as the energy transition progresses, with plans to develop an integrated global LNG business.

Downstream 40

Downstream Crude Oil Upstream Gas 40

Valor

FEBRUARY 24, 2025

billion in 2024 from $13.4 Read m o re US oil and gas rig count hits highest since June, says Baker Hughes Summary : U.S. oil and gas rigs rose by four to 592 this week, the highest since June, with oil rigs increasing by seven to 488, while gas rigs fell by two to 99, according to Baker Hughes. The EIA forecasts U.S.

Barrel 52

Barrel Energy Energy Oil 52

Oil Gas Leads

MARCH 10, 2025

This “Wellhead to Water” strategy is particularly evident in the Permian Basin, where crude oil, natural gas, and natural gas liquids (NGLs) production is growing rapidly. Pipeline Transportation Crude oil, natural gas, and NGLs move from production sites to storage and processing facilities. Why the Permian?

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Midstream Pipeline Energy Energy 52

Oil & Gas 360º

MARCH 6, 2025

Mexico has seen its total oil exports drop off in recent years due to Pemex struggling with the worst decline in production in decades. Still, Mexico exported more than 600,000 barrels per day (bpd) on average to the United States in 2024, according to data from the U.S. There’s demand for heavy crude and Pemex crude, they added.

Oil 130

Oil Refinery Government Barrel 130

Rextag

FEBRUARY 24, 2025

oil and gas industry is experiencing one of its most transformative periods. Over the past two years, 2023 and 2024, production levels have soared, investment strategies have shifted, and new regulatory frameworks have emerged. 2024 Production: 6.3 2024 Production: 6.3 MMBbl/d production increase in 2024.

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Basin Oil Gas Exploration and Production 40