The Pipeline Lifeline For Texas Oil

Waterborne crude exports from Corpus Christi, TX, reached a record high of 11.379mn bbls, or 1.626mn bpd, in week ending September 27, buoyed by increased flows into the port from new pipelines coming online, according to our North American Waterborne report. The high exports from Corpus Christi partially drained crude inventories that grew 2.7mn bbls between mid-August and late September, following the start-up of Plains All American’s 585,000 bpd Permian-to-Ingleside, TX, Cactus II pipeline and EPIC’S 400,000 bpd Permian-to-Corpus Christi EPIC…