article thumbnail

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

Oil & Gas 360º

(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. crude exports in 2024.

Refinery 130
article thumbnail

Valero announces notice to the California Energy Commission regarding its Benicia, California, refinery

Oil & Gas 360º

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., Valero continues to evaluate strategic alternatives for its remaining operations in California.

Refinery 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Texas oil and gas jobs increased in May despite market turmoil, new report says

Oil & Gas 360º

Among the 19 specific industry sectors TIPRO uses to define the Texas oil and natural gas industry, Support Activities for Oil and Gas Operations led in the ranking for unique job listings in May with 1,972 postings, followed by Gasoline Stations with Convenience Stores (1,447) and Petroleum Refineries (824).

Gas 130
article thumbnail

Upstream Midstream Downstream – What is the Difference?

Aresco

Upstream Midstream Downstream are terms commonly used in the oil and gas industry to describe different stages of the production and distribution process. What is oil and gas upstream midstream downstream? Midstream activities involve the transportation, storage, and wholesale marketing of oil and gas.

article thumbnail

Logistics Management in the oil and gas industry

Oil Gas Leads

Logistics management in the oil and gas industry plays a critical role in ensuring safe, timely, and cost-effective movement of materials, equipment, and personnel across upstream, midstream, and downstream operations. Midstream Logistics Pipeline Construction & Maintenance : Pipe transport, ROW access, material yards.

article thumbnail

From Wellhead to Water: How Midstream Companies Are Shaping the Future of Energy Exports

Oil Gas Leads

The midstream energy sector is undergoing a transformative shift. Lets break down the key trends, major players, and strategies shaping the future of midstream energy. The Rise of Vertical Integration in Midstream Energy Vertical integration is redefining the midstream landscape. energy production growth. Why the Permian?

article thumbnail

Waxy and I Know It - Predicting the Uinta Basin's Productivity and Long-Term Staying Power

RBN Energy

Theres a lot to like about the Uinta Basins waxy crude, but ramping up its production and use in refinery feedstock slates will require multimillion-dollar investments in rail terminals, special rail cars, heated storage, refinery equipment and other midstream and downstream infrastructure.

Basin 50