OilPrice
MARCH 10, 2025
Shandong Yulong Petrochemical started up its first crude processing unit of 200,000 bpd in September 2024. This unit has kept crude processing rates at 90% of capacity since November. Now the refiner, whose refining and chemicals complex is worth
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. crude exports in 2024.
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Oil & Gas 360º
MARCH 12, 2025
The green hydrogen from RWE will be used in TotalEnergies Leuna refinery in Germany to reduce the plants carbon emissions. The agreement makes Totals refinery in Leuna an anchor customer for RWEs electrolysis plant. The green hydrogen will be produced at RWEs 300-megawatt (MW) electrolysis plant in Lingen, western Germany.
Energy Central
OCTOBER 23, 2024
On October 16, 2024, the refiner Phillips 66 announced that it will cease operations at its Los Angeles-area refinery in the fourth quarter of 2025. This announcement came a few days after California Governor Gavin Newsom signed a new law placing additional regulations on refineries.
Valor
FEBRUARY 24, 2025
billion in 2024 from $13.4 million barrels per day (bpd) in 2024 to 13.6 Refinery inputs averaged 15.4 Under pressure from activist investor Elliott Management, which holds a 5% stake, BP is shifting focus back to fossil fuels, selling 10 U.S. onshore wind farms and spinning off offshore wind assets. The EIA forecasts U.S.
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.
Oil Gas Leads
MARCH 10, 2025
With 6,000 wells drilled in 2024 , this region remains the largest driver of U.S. Energy-driven industrial growth Power plants, data centers, and refineries are driving new demand. ” Phillips 66 (PSX) Permian Basin: The Growth Engine of Midstream Expansion The Permian Basin is at the center of the midstream revolution.
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