Texas crude oil pipeline utilization rate of over 90% is feared to be a hindrance to exports
July 30, 2024 15:18 JST
Expected to worsen next year and beyond - there is also a possibility of oversupply within the US
There is a possibility that some congestion will be eliminated by detours and pipeline expansion
The cross-state crude oil pipeline connecting the most active oil field in the US state of Texas to an important export base is in almost full operation. As the world needs more oil, there is a risk that it will hinder US oil exports.
More than 90% of the main pipeline that transports crude oil produced in the Permian Basin in western Texas to Corpus Christi Port is filled. According to the pipeline operator, there is a high possibility that congestion will become even more serious. According to estimates by the research company East Daily Analytics, there is a possibility that the pipeline utilization rate will reach 94-95% in the latter half of 2025.
Expected to worsen next year and beyond - there is also a possibility of oversupply within the US
There is a possibility that some congestion will be eliminated by detours and pipeline expansion
The cross-state crude oil pipeline connecting the most active oil field in the US state of Texas to an important export base is in almost full operation. As the world needs more oil, there is a risk that it will hinder US oil exports.
More than 90% of the main pipeline that transports crude oil produced in the Permian Basin in western Texas to Corpus Christi Port is filled. According to the pipeline operator, there is a high possibility that congestion will become even more serious. According to estimates by the research company East Daily Analytics, there is a possibility that the pipeline utilization rate will reach 94-95% in the latter half of 2025.
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