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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% crude export volumes also eased 9,000 bpd to 3.88

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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. Crude inventories rose by 1.4 million barrels to 435.2

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Upstream Midstream Downstream โ€“ What is the Difference?

Aresco

What is oil and gas upstream midstream downstream? Upstream involves locating, surveying, drilling, and extracting crude oil and natural gas from underground reservoirs. Midstream activities involve the transportation, storage, and wholesale marketing of oil and gas. This includes both onshore and offshore activities.

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

Rextag

Will rising imports and weak demand keep crude prices under pressure, or is a rebound on the horizon? 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.

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Investment Opportunities in the Oil and Gas Sector

Nestoil

Understanding these opportunities and their associated benefits can help investors make informed decisions. Upstream Investments; Exploration and Production (E&P): The upstream sector involves the search for oil and gas reservoirs and the extraction of these resources.

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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. Brent crude fell 20 cents to $74.23 crude oil inventories increase by 4.6 crude oil inventories rose by 4.6

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AI in Oil and Gas โ€“ A Game-Changer for Efficiency and Profitability

Aresco

AI models analyze real-time data from drilling sites, pipelines, and refineries, adjusting operations to optimize production and efficiency. AI-powered systems can fine-tune extraction techniques, monitor pipeline integrity, and adjust refinery processes to maximize output while reducing the risk of inefficiencies.

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