Weak refinery, export demand weakens prices for Midland crude along Texas coast
Oil & Gas 360ยบ
MARCH 6, 2025
government on Canadian crude also pressured the spread as Midwest refiners were seeking WTI-Midland crude to Cushing to replace Canadian light sweet oil, said Energy Aspects analyst Jeremy Irwin. Also capping demand was the final shutdown ofLyondellBasell Industries(NYSE: LYB ) 263,776 barrel-per-day (bpd) Houston refinery this month.
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