Remove 2024 Remove Pipeline Remove Refinery
article thumbnail

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.

Refinery 130
article thumbnail

From Wellhead to Water: How Midstream Companies Are Shaping the Future of Energy Exports

Oil Gas Leads

Leading companies are aggressively expanding and integrating their gathering, processing, pipeline, and export infrastructure. Companies are taking full control of the supply chain from gathering and processing to pipeline transportation and export terminals to streamline operations and capture higher margins. energy production growth.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Valor | Energy Connection โ€“ Feb. 24, 2025

Valor

billion in 2024 from $13.4 million barrels per day (bpd) in 2024 to 13.6 It is part of a broader buildout, including two new pipelines and a 319-acre tank farm. Refinery inputs averaged 15.4 onshore wind farms and spinning off offshore wind assets. The companys profits fell to $8.2 The EIA forecasts U.S. energy exports.

Barrel 52
article thumbnail

Oil & Gas in 2025: Which Basin Will Dominate U.S. Energy and Whatโ€™s Behind the $105 Billion in Oil Deals?

Rextag

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. However, in late 2024, the Matterhorn Express pipeline came online, adding 2.5

Basin 40
article thumbnail

Key US energy data trends to track as tariffs kick in: Maguire

Oil & Gas 360ยบ

OIL & GAS As the worlds top exporter of liquefied natural gas and third largest exporter of crude oil in 2024 according to Kpler the U.S. In 2024, the top buyers of U.S. crude exports in 2024, while Mexico accounted for 24% of U.S. refinery margins and boost U.S. refinery production levels, and eat into overall U.S.

Crude Oil 130
article thumbnail

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.

Oil 52