Upper Texas Gulf Coast
Upper Texas Gulf Coast Price
| Date | Price US$ per bbl | Price US $ per MT | Long Tons | US Gallons,$ |
|---|---|---|---|---|
| 2023-02-16 | $69 | 504 | 512 | 1.64 |
| 2023-02-15 | $69 | 504 | 513 | 1.64 |
| 2023-02-14 | $69 | 508 | 516 | 1.65 |
| 2023-02-13 | $70 | 516 | 524 | 1.68 |
| 2023-02-10 | $70 | 513 | 521 | 1.67 |
| 2023-02-09 | $68 | 501 | 509 | 1.63 |
| 2023-02-08 | $69 | 504 | 512 | 1.64 |
| 2023-02-07 | $67 | 494 | 502 | 1.6 |
| 2023-02-06 | $64 | 472 | 479 | 1.53 |
| 2023-02-02 | $66 | 485 | 493 | 1.57 |
| 2023-02-01 | $67 | 488 | 496 | 1.59 |
| 2023-01-31 | $69 | 507 | 515 | 1.65 |
| 2023-01-30 | $68 | 499 | 508 | 1.62 |
| 2023-01-27 | $70 | 512 | 521 | 1.66 |
| 2023-01-19 | $71 | 517 | 526 | 1.68 |
| 2023-01-18 | $70 | 511 | 519 | 1.66 |
| 2023-01-17 | $70 | 516 | 525 | 1.68 |
| 2023-01-13 | $70 | 514 | 522 | 1.67 |
| 2023-01-12 | $69 | 503 | 511 | 1.63 |
| 2023-01-11 | $68 | 496 | 504 | 1.61 |
| 2023-01-10 | $65 | 479 | 487 | 1.56 |
| 2023-01-09 | $65 | 475 | 483 | 1.54 |
| 2023-01-06 | $64 | 469 | 477 | 1.52 |
| 2023-01-05 | $64 | 468 | 476 | 1.52 |
| 2023-01-04 | $63 | 462 | 470 | 1.5 |
| 2023-01-03 | $67 | 492 | 500 | 1.6 |
| 2022-12-30 | $70 | 517 | 525 | 1.68 |
| 2022-12-27 | $70 | 511 | 520 | 1.66 |
| 2022-12-22 | $68 | 496 | 505 | 1.61 |
| 2022-12-21 | $69 | 502 | 510 | 1.63 |
Upper Texas Gulf Coast Historical price
- In 2017 maximum price $44 per bbl (2017-12-28)
- In 2018 maximum price $30 per bbl (2018-12-31)
- In 2019 maximum price $45 per bbl (2019-12-31)
- In 2020 maximum price $33 per bbl (2020-12-31)
- In 2021 maximum price $59 per bbl (2021-12-30)
- In 2022 maximum price $70 per bbl (2022-12-30)
- In 2023 maximum price $69 per bbl (2023-02-16)
Upper Texas Gulf Coast Crude Oil: A Comprehensive Overview
The Upper Texas Gulf Coast is a major hub for the production and refinement of crude oil, with a long history of oil production and a thriving energy industry. As a result, the region is home to a number of refineries, pipelines, and storage facilities that play a crucial role in the US energy market. In this article, we will take a closer look at the history and current state of the crude oil industry in the Upper Texas Gulf Coast, as well as its significance to the US energy market.
The History of Crude Oil in the Upper Texas Gulf Coast
The discovery of oil in the Upper Texas Gulf Coast dates back to the early 1900s, with the first commercial oil well being drilled in 1901. Over the years, the region has become one of the largest producers of crude oil in the United States, with a number of large oil fields and numerous smaller operations contributing to the overall production. The oil industry has also brought significant economic growth to the region, with jobs and investment in the energy sector driving local prosperity.
The Current State of the Crude Oil Industry in the Upper Texas Gulf Coast
Today, the Upper Texas Gulf Coast remains a major player in the US crude oil industry, with a number of large refineries and pipelines in the region. The refining capacity of the region is significant, with a number of major players operating refineries in the area, including ExxonMobil, Valero, and Royal Dutch Shell. The pipelines in the region are also important, connecting the local production facilities with the rest of the country, as well as with Mexico and other countries in the Gulf of Mexico.
The Significance of the Crude Oil Industry in the Upper Texas Gulf Coast to the US Energy Market
The crude oil industry in the Upper Texas Gulf Coast plays a crucial role in the overall US energy market. The region is responsible for a significant portion of the country's total crude oil production, and its refining capacity is critical to meeting the demand for gasoline, diesel, and other refined products. Additionally, the pipelines in the region help to ensure that crude oil and refined products can be transported to other parts of the country and beyond, making it an important hub for the overall energy market.
In conclusion, the crude oil industry in the Upper Texas Gulf Coast is a vital part of the US energy market, with a long history of production and a thriving industry. The region's refining capacity and pipelines play an important role in meeting the demand for crude oil and refined products, making it a critical hub for the US energy market. Whether you are a producer, refiner, or simply a consumer of energy, the Upper Texas Gulf Coast is an important part of the energy landscape that should not be overlooked.
Frequently Asked Questions (FAQs)
Here are some common questions about the Upper Texas Gulf Coast crude oil industry:
How much crude oil is produced in the Upper Texas Gulf Coast?
A: The Upper Texas Gulf Coast is responsible for a significant portion of the US crude oil production. According to the US Energy Information Administration, in 2020, Texas produced over 4.7 million barrels of crude oil per day, with a significant portion of that coming from the Upper Texas Gulf Coast.
What are the environmental impacts of the crude oil industry in the Upper Texas Gulf Coast?
A: Like all industrial operations, crude oil production and refinement can have environmental impacts. However, the industry is heavily regulated and companies are required to take steps to minimize their impact on the environment. Additionally, many companies are investing in research and development to find ways to make the industry more sustainable and reduce its environmental impact.
How important are pipelines to the crude oil industry in the Upper Texas Gulf Coast?
A: Pipelines are a critical component of the crude oil industry in the Upper Texas Gulf Coast. They allow companies to transport crude oil and refined products to other parts of the country and beyond, making the region an important hub for the overall energy market.
What is the economic impact of the crude oil industry in the Upper Texas Gulf Coast?
A: The crude oil industry in the Upper Texas Gulf Coast is a major driver of economic growth in the region, providing jobs and investment in the energy sector. The industry also supports a number of other industries, such as transportation and manufacturing, that depend on the availability of affordable energy.
How has the crude oil industry in the Upper Texas Gulf Coast been affected by the COVID-19 pandemic?
A: Like all industries, the crude oil industry in the Upper Texas Gulf Coast has been impacted by the COVID-19 pandemic. The demand for crude oil and refined products dropped significantly during the early stages of the pandemic, leading to lower prices and reduced production. However, as the world begins to recover from the pandemic, the industry is expected to rebound, with demand and prices returning to pre-pandemic levels.
