The hottest U.S. oil field is nearing its limit for delivering crude, and it’ll be another year before relief is on the horizon.
The 3.3 million barrels produced daily in the Permian Basin in West Texas and New Mexico almost equals the capacity of pipelines now carrying crude to the nearest refineries and ports, some 500 miles (805 kilometers) away.
Meanwhile, the amount of production over pipeline capacity could grow to about 900,000 barrels a day in the year ahead, according to Samir Kayande, a director at RS Energy Group in Calgary.
No significant new pipelines are set ...
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