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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. refinery utilization stood at 85.6% Gulf Coast pressured that market lower. premium to U.S.

Refinery 130
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Upstream Midstream Downstream โ€“ What is the Difference?

Aresco

Key Processes: Transportation via pipelines, rail, trucks, or ships; storage in tanks or other facilities; and marketing for wholesale distribution. Assets: Midstream assets include pipelines, storage tanks, terminals, and transportation infrastructure. It bridges the gap between the upstream and downstream sectors.