Oil & Gas 360º

MARCH 6, 2025

(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

Refinery 130

Refinery Maintenance Barrel Pipeline 130

Aresco

MARCH 13, 2025

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.

Gas 95

Gas Oil Exploration and Production Maintenance 95

Oil & Gas 360º

MARCH 17, 2025

Two refineries one in Los Angeles and another in Houston are slated for a shutdown in 2025, which would leave more crude available on the market. According to the chief executive of Vitol, Russell Hardy, the current developments in supply and demand could push oil prices consistently lower, to between $60 and $80 per barrel.

Barrel 130

Barrel Oil Shutdown Refinery 130

Oil & Gas 360º

MARCH 26, 2025

(Investing) –HOUSTON -Oil prices rose on Wednesday, buoyed by government data showing U.S. crude oil and fuel inventories fell last week and by mounting concerns about tighter global supply following the U.S. threat of tariffs on nations buying Venezuelan crude. a barrel by 10:42 a.m.

Oil 130

Oil Crude Oil Barrel Shutdown 130