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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. That compared to an average of 50 cents a barrel a year ago, when record crude production at the top U.S.

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US crude inventories rise, fuel draws down amid ongoing maintenance, EIA says

BOE Report

crude oil stockpiles rose and fuel inventories fell last week as seasonal refinery maintenance season ticked along, the Energy Information Administration (EIA) said on Wednesday. million barrels to 435.2 Crude inventories rose by 1.4

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

Valor

February 24, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Stay tuned for weekly updates to keep you well-informed. per barrel, while WTI dropped 28 cents to $70.12 per barrel, following a $2 decline on Friday. million barrels Summary : U.S.

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Whatโ€™s Happening: The Unexpected Growth in U.S. Oil Inventories and What It Means for the Industry

Rextag

As winter approaches, the interplay between refinery activity, import volumes, and demand for refined products will be crucial. crude oil inventories grew by 545,000 barrels last week to reach 430.3 million barrels , defying analyst forecasts of an 800,000-barrel decline. Energy Information Administration (EIA).

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New Judge, Same Result โ€“ $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 โ€“ for a total of $81 million โ€“ 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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Software Is the Missing Piece to Oil & Gas Digital Transformation

Coolfire Core

While the price-per-barrel of oil has recovered since the staggering lows of 2016, its down again from earlier 2019 highs, and may not reach $100/barrel any time soon. Producers, wellhead service companies, refineries, shipping companies, and many other players are all part of the overall industry.

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Mexico reaches out to Europe and Asia oil buyers after U.S. tariffs hit

Oil & Gas 360ยบ

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. Energy Information Administration (EIA). Mexico has seen its total oil exports drop off in recent years due to Pemex struggling with the worst decline in production in decades.

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