Record U.S. crude exports, rising shale output boost oil flow to Houston

Pipelines that move oil from the Permian basin in West Texas to Corpus Christi are more than 90% full

Oil pipelines from the top U.S. shale field to Houston that have run half empty are filling again as rising output has absorbed most of the space on lines to the main south Texas export hub in Corpus Christi.

Houston, previously the top U.S. export hub before an expansion in capacity made Corpus Christi the main export hub, has ample room. Its pipeline utilization averaged 57 per cent in 2022, up from 49 per cent the year before, according to researcher East Daley Capital.“We don’t expect to see those barrels show up at Corpus Christi,” said AJ O’Donnell, a director at energy pipeline researcher East Daley Capital.

Permian production this month is projected to hit a record 5.7 million bpd, topping Canada’s average daily crude output last year, according to the U.S. Energy Information Administration. Overall U.S. oil output is projected to touch an all-time high of 12.53 million bpd this year on rising demand and prices.

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