Worries that crude oil bottlenecks in the Permian Basin would shift south to the Gulf Coast have not materialized, analysts concluded as the year began, because infrastructure projects completed in 2019 in the Corpus Christi, Texas, area are enabling record levels of waterborne exports. 

Market intelligence provider Genscape said the addition of almost 2 million barrels per day (MMbbl/d) of inbound pipeline capacity and 5 MMbbl of storage capacity has allowed the region to absorb the increased output from the prolific Permian. That contributed to the record average of 3.72 MMbbl/d of U.S. crude exports during the last week of 2019, the U.S. Energy Information Administration reported in a release of data.

The trend remained strong going into the new year. 

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