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

Aresco

By continuously monitoring machinery performance, AI enables companies to address maintenance issues before they escalate, preventing costly shutdowns and enhancing overall safety. These AI-driven simulations allow oil and gas companies to test scenarios and optimize asset performance without risking real-world failures.

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