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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. million, 4.2%

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TotalEnergies and RWE Agree One of the Worldโ€™s Biggest Green Hydrogen Deals

OilPrice

Germanys biggest utility RWE will supply green hydrogen to Frances oil and gas supermajor TotalEnergies in a 15-year deal from 2030, in one of the largest such agreements globally. RWE to supply around 30,000 metric tons of green hydrogen annually to TotalEnergies from 2030 to 2044, the German utility giant said on Wednesday.

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US Weekly Oil Data

Energy Outlook Advisors

US Inventories, Exports, Imports, and Refinery Utilization (12 Charts).

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US Weekly Oil Data

Energy Outlook Advisors

January 15, 2025 EOA’s Main Takeaway All major variables followed historical trends: crude, gasoline, distillate, Cushing, demand, refinery utilization, import, and exports. What stands out is the sharp increase in gasoline inventories in the last nine weeks. It was the largest increase since early 2020.

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TotalEnergies and RWE agree one of the worldโ€™s biggest green hydrogen deals

Oil & Gas 360ยบ

(Oil Price) –Germanys biggest utility RWE will supply green hydrogen to Frances oil and gas supermajor TotalEnergies in a 15-year deal from 2030, in one of the largest such agreements globally. The green hydrogen from RWE will be used in TotalEnergies Leuna refinery in Germany to reduce the plants carbon emissions.

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$800m Iraqi Refinery Expansion Project Signed

Iraq Business News: Oil & Gas

Al-Sudani has overseen the signing of an $800-million contract for the expansion of Al-Diwaniya Refinery , adding a 70,000 barrel-per-day (bpd) atmospheric distillation unit to raise total capacity to 90,000 bpd. Energy & Utilities: Power generators: 10 MW/hour. By John Lee. Prime Minister Mohammed S. Nitrogen plant: 1,400 m/hour.

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

Aresco

AI in oil and gas is propelling the industry to new heights. The oil and gas industry has always been driven by innovation, and today, artificial intelligence (AI) is pushing the sector into a new era of efficiency, precision, and profitability. Digital twinsvirtual models of physical assetsare also transforming maintenance strategies.

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