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Monday, July 29, 2024

Texas Crude Oil Pipelines Are Full to the Brim and Getting Worse

 

Crude oil pipelines connecting the busiest Texas oil fields to a critical export hub across the state are nearly out of space, threatening to cap US oil exports at a time when the world needs more.

Key pipelines that transport barrels produced in the Permian Basin to the Port of Corpus Christi are more than 90% full, and companies that operate some of these lines say the congestion is likely to get worse. By the second half of 2025, the pipes could be 94% or 95% full, estimates researcher East Daley Analytics.

https://www.bloomberg.com/news/articles/2024-07-29/texas-crude-oil-pipelines-are-full-to-the-brim-and-getting-worse

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