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

Oil & Gas 360ยบ

(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. crude exports in 2024.

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Oil and Gas โ€“ Unburdened by What Has Been

Aresco

The Future of Keystone XL The Keystone XL pipeline, a significant project under Trumps first term, was set to bring Canadian oil to American refineries, support job creation, and secure a stable supply of North American oil. refineries but also reduce transportation costs and work towards solidifying North American energy independence.

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