Texas Oil Pipes Are Running All-Out to Serve Overseas Demand

Texas oil pipelines are running above designed capacity in some cases amid rampant overseas demand for US crude to replace cargoes stranded by the Iran war.

Pipeline flows from the Permian Basin to Gulf Coast export terminals have climbed to an all-time high, according to research firm Wood Mackenzie Ltd.

Last week alone, the volume of crude pumped through those networks rose by 1.5% to a daily average of 5.27 million barrels, Wood Mackenzie figures showed. On one system that feeds oil to Corpus Christi exporters, the pipes have been running at 102% of nameplate capacity, an indication that shippers ...