Permian oil output growth outpaces Texas pipeline capacity

08/13/2014 | Reuters

Surging oil output from the Permian Basin is causing a pipeline bottleneck in Texas, prompting Gulf Coast refiners to pay an extra premium to get more oil, observers say. As a result, shippers will have to be more innovative when transporting oil, said Amrita Sen, chief oil analyst at Energy Aspects. "What we will see is the differentials widening out as other forms of transportation like rail and trucking will become more economical," she said.

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