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

Oil & Gas 360ยบ

That compared to an average of 50 cents a barrel a year ago, when record crude production at the top U.S. million barrels in the Permian were cut by the recent cold weather that hit operations, according to estimates from analysts at consultancy Energy Aspects. million barrels last week, its highest level in four months.

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IBBC Conference: Iraq Prioritises Gas Investment to Boost Growth

Iraq Business News: Oil & Gas

He outlined Iraq's major achievements in the oil and gas sector, including: Adding 380,000 barrels per day to refining capacity. Abdul Ghani emphasized Iraq's strategy of integrated projects, linking oil production, gas utilization, power generation, refining, and petrochemical industries.

Gas 52
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Energy Transfer Caps 2024 with Strong Q4 and Full Year Earnings Results

Energy Transfer

This was primarily due to higher throughput and higher rates across our Gulf Coast and Mariner East pipeline operations and we also had strong NGL exports and increased profits from the optimization of hedged NGL inventory. This was offset by lower interruptible utilization, reduced rates on Panhandle and increased operating expenses.

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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. This IoT tech is capable of gathering, transmitting, and utilizing data and its already making waves in the oil and gas industry.

Oil 52
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Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Oil & Gas 360ยบ

Refer to Barrel of Oil Equivalency and Production & Product Type Information in this press release for additional disclosure. Barrel of Oil Equivalency “Boe” means barrel of oil equivalent. Refer to the Specified Financial Measures section in this press release for additional disclosure and assumptions.

Energy 130
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The Shifting Winds of Energy Transition

Enverus

Al Salazar identifies several factors contributing to this trend: Oil consumption: Oil demand reached an all-time high in 2024, growing by 1 million barrels per day from 2023. Coal utilization: Particularly driven by demand in Asia, coal consumption set a record in 2023.

Energy 130
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Valor | Energy Connection โ€“ Mar. 3, 2025

Valor

per barrel and WTI up 25 cents to $70.01, after posting their first monthly decline since November. per barrel in 2025, with potential impacts from U.S. per barrel, down 3.8% per barrel, with the more-active May contract declining to $72.81. Stay tuned for weekly updates to keep you well-informed. Read more U.S.

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