Hurricanes, Hikes, and Heated Prices

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Daily Data Dump

The good, the bad, and the ugly of Texas oil production.

Best of the Best 🏆️

Every week, we sift through our proprietary data to find the best performers in Texas.

Never Quit 😢

Similarly, we find the oil producers who need a little help (i.e. call Barrel Hub).

If you’re wondering how we get this information, we’re under strict orders from OPEC not to disclose that (but if you want to know you can go here).

Daily Bulletin

Lone Star Stories

Heat & Cuts: Texas Feels the Burn at the Pump

Gasoline prices are on the rise, influenced by factors like high temperatures affecting refineries and production cuts, with Delek Refinery in Tyler, Texas as an example. While heat leads to safety shutdowns in refineries and affects production, OPEC+'s supply reductions, especially by Saudi Arabia, further drive up prices, although relief from high temperatures is anticipated in the fall. Tips for consumers to save include maintaining proper tire pressure and using apps to find the cheapest local gas.

Hurricanes, Hikes, and Heated Prices

Florida's gasoline prices soared to the year's peak at $3.84 per gallon, primarily due to rising oil costs, OPEC cuts, and Gulf Coast extreme temperatures affecting refineries. As Florida enters peak hurricane season, there's a looming threat of further price hikes, especially if hurricanes impact the main refinery regions along the Gulf Coast.

Reader Question of the Day

How are oil companies collaborating with academia and research institutions to drive innovation in extraction and refining technologies?

Oil companies have long recognized the benefits of collaborating with academia and research institutions to drive innovation in extraction and refining technologies. This collaboration takes on multiple forms and has resulted in advancements that have reshaped the industry:

1. Joint Research Projects

2. Research Centers & Consortia

3. Sponsorships & Grants

4. Internships & Exchange Programs

5. Commercialization of Research

6. Workshops & Seminars

7. Shared Data & Resources

These collaborative efforts not only accelerate technological advancements but also bridge the gap between theory and practice. The dynamic synergy between academia and industry ensures that the research is both cutting-edge and relevant, driving sustainable and efficient practices in the oil industry.

Sources 1