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

Reuters
Summary
Nutrition label

79% Informative

The price spread between WTI Midland crude in West Texas and Houston has narrowed this year .

The spread between the two pricing points narrowed to 23 cents in March , the lowest since November 2023 .

But weaker refinery and export demand on the U.S. Gulf Coast pressured that market lower.

The narrow price differential is expected to be temporary, Wood Mackenzie analyst says.

VR Score

90

Informative language

97

Neutral language

41

Article tone

formal

Language

English

Language complexity

55

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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