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million net acres and more than 2 billion barrels of oil equivalent (Boe) in undeveloped resources. The condensate produced is used in refineries, petrochemical plants, or as diluent, and requires stabilization before transport — usually handled at facilities operated by MPLX (Cadiz), Williams (Scio), or Ergon Inc.
Valero refineries processed 2.92 million barrels per day (MMbpd) in the April-June quarter, down from 3.01 Refining margin per barrel of throughput averaged $12.35, up from $11.14 billion of finance lease obligations and $4.5 Valero declared a dividend of $1.13 per share for Q2 2025. MMbpd in Q2 2024. for Q2 2024.
The positive report comes as Sheinbaum’s administration seeks to sell as much as $12 billion in securities to international investors in a bid to raise financing to help pay Pemex’s roughly $100 billion in debt. The profits could help to make the financing round go more smoothly. million barrels per day, down 8.6%
million barrels per day capacity , the pipeline was developed through a joint venture to meet growing demand for safe, efficient, and high-volume takeaway from West Texas. Spanning over 640 miles with a 1.5 miles Current Permitted Mileage (2024): 521.71 miles Current Permitted Mileage (2024): 521.71
barrels since the region began dialing back its purchases from Russia after the invasion of Ukraine. Any further increase in purchases could prove problematic for the region’s oil refineries which need a mix of supplies to make a enough of the right kind refined fuels like gasoline and diesel. Europe has become a major buyer of U.S.
per barrel. per barrel. Oil prices could spike to $120 per barrel or more if Iran closes the Strait of Hormuz in response to an Israeli strike, said Natasha Kaneva, head of global commodities research at JPMorgan. Picture taken May 21, 2018. West Texas Intermediate fell 11 cents, or 0.16%, to close at $68.04
Iran's missile strikes also damaged an oil refinery in Haifa, the Times of Israel reported. " Allen pointed out that while Brent crude prices jumped around 7% on Friday to roughly $74 a barrel, the international oil benchmark is still below its 2024 average of roughly $80. Energy Information Administration.
billion was recorded for the Benicia and Wilmington refineries, and is expected to be treated as a special item and excluded from first quarter 2025 adjusted earnings. Valero owns 15 petroleum refineries located in the U.S., million barrels per day. Canada, the United Kingdom (U.K.), Ireland and Latin America.
The Organization of Petroleum Exporting Countries (OPEC), + other world exporters announcing Monday, that production limits will be increased 411,000 barrels per day in June deflated the spot market price of West Texas Intermediate (WTI) crude oil back below $60 per barrel (Figure 1, red line). million barrels (mmb) to 443.1
Cold air tugged the price of West Texas Intermediate (WTI) crude oil up above $80 per barrel mid-January (Figure 1, red line). commercial crude oil inventory declining into January tugged the spot price of WTI crude oil up to $80 per barrel (Figure 1). The consensus is set up to be caught short by refinery runs next increasing.
(Oil & Gas 360) – Over the past few weeks, several headlines regarding the international oil business have surprised market watchers: A note on the news: Break-even oil prices- oil and gas 360 The news that the OPEC+ group decided to increase its production rate in May by 411,000 barrels a day (b/d). Iran exports 1.8 million b/d.
per barrel. per barrel. Iranian missiles, meanwhile, damaged a major oil refinery in Haifa, according to The Times of Israel. crude oil rose $2.72, or 3.7%, to $75.67 Global benchmark Brent was up $3.67, or 4.94%, at $77.90 The strikes hit two natural gas processing facilities, according to state media.
Ford said he would fly to Washington on Thursday with Canadian Finance Minister Dominic LeBlanc for talks with Commerce Secretary Howard Lutnick and other Trump officials to discuss revising the U.S.-Mexico-Canada Canada ships about 4 million barrels of crude to the U.S. per day via pipeline, mainly to Midwest refineries.
watch now VIDEO 0:29 00:29 Watch: Iranian news anchor interrupted after Israeli missile appears to hit TV studio News Videos Fire exchanges have continued since Israel's Friday attack against Iran, with Iranian media reporting Tehran's latest strikes hit Tel Aviv, Jerusalem and Haifa, home to a major oil refinery. and the U.S.,
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