U.S. crude oil loadings at Corpus Christi, Texas, have nearly doubled with the completion of new pipelines from the Permian Basin of West Texas and New Mexico, Kallanish Energy has learned.
The crude loaded onto vessels at Corpus Christi for export hit an average of 1 million barrels per day, according to RBN Energy.
That record was nearly double July’s average of 525,000 bpd, RBN said in a report from Reuters.
Nearly half of the loadings occurred at the Moda Midstream’s export terminal in Ingleside near Corpus Christi, it said.
Two new pipelines, Epic Midstream and Plains All American Pipeline, are together carrying up to 1.07 million bpd, easing the Permian pipeline bottleneck.
Crude inventories in Corpus Christi recently jumped by almost 1 million barrels to 12.7 million barrels in the week ending Aug. 23 with storage utilized to 52%, according to Genscape.
West Texas crude inventories fell by 2 million to 21.3 million barrels at monitored facilities, Genscape said.
This post appeared first on Kallanish Energy News.