Reported 3 months ago
Crude oil pipelines in Texas are close to full capacity, risking a slowdown in US oil exports just as production is set to reach new highs. Key pipelines from the Permian Basin to the Port of Corpus Christi are over 90% full, with projections indicating they could be at 94-95% by late 2025. This congestion comes amid soaring US production, particularly from the Permian region, necessitating increased pipeline space to meet international demand, especially as global markets become more reliant on US oil following geopolitical tensions.
Source: YAHOO