Remove Crude Oil Remove Shutdown Remove Utilities
article thumbnail

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

Oil & Gas 360ยบ

refinery utilization stood at 85.6% Net input of crude oil to refiners on average over 4 weeks to the last week was 15.5 Net input of crude oil to refiners on average over 4 weeks to the last week was 15.5 crude export volumes also eased 9,000 bpd to 3.88 WEAK DEMAND ALONG THE COAST Four-week average U.S.

Refinery 130
article thumbnail

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.

Oil 52