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Valor | Energy Connection – Feb. 24, 2025

Valor

per barrel, while WTI dropped 28 cents to $70.12 per barrel, following a $2 decline on Friday. million barrels per day (bpd) in 2024 to 13.6 The terminal will load up to 1 million barrels per day onto the worlds largest tankers, boosting U.S. million barrels Summary : U.S. million barrels to 432.5

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Murphy Oil Spill Class Settlement Approved

The Energy Law

The Turner case asserted claims for property damage resulting from a release of oil from tanks located at Murphy’s Meraux, Louisiana refinery after Hurricane Katrina. Approximately 25,000 barrels of oil were released, and washed by floodwaters into the residential neighborhoods surrounding the refinery. Murphy Oil U.S.A.,

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New Judge, Same Result – $81 Million CWA Civil Penalty Appealed

The Energy Law

Charles refinery. As a result, Judge Haik imposed a civil penalty of $1,500 per barrel spilled – for a total of $81 million – and significantly increased the penalty of $111 per barrel in his original judgment. The EPA sought a penalty of $4,300 per barrel. In the original judgment , U.S. million dollars.

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Fifth Circuit Vacates $6 Million Clean Water Act Penalty

The Energy Law

The case relates to a 2006 oil spill which occurred at CITGO’s Lake Charles, Louisiana, refinery.

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Pastures of Plenty - PADD 4 Pipeline Connections, Higher Output Help it Balance Crude Market

RBN Energy

That limits the need for refinery capacity, which matches the regions average annual consumption and is only outstripped in the summer months. In todays RBN blog, well look at how PADD 4 dispenses these barrels and its role in balancing continental crude oil supply and demand.

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Valor | Energy Connection – Mar. 10, 2025

Valor

per barrel and WTI dropping 40 cents to $66.64, marking WTIs seventh consecutive weekly lossthe longest streak since November 2023. Meanwhile, US crude production averaged 13.508 million barrels per day for the week ending February 28, 2025, with WTI trading at $67.17 per barrel (up 1.22%) and Brent at $70.41

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