Magellan’s Permian-Houston Crude Pipelines Volumes Drop, Fuel Volumes Rise

The BridgeTex crude pipeline from the Permian to Magellan’s East Houston terminal, which is a joint venture, dropped to 215,000 bbl/d from nearly 315,000 bbl/d in the year-ago period.

Laila Kearney, Reuters

Magellan Midstream Partners LP on July 28 reported declining volumes in the last quarter on the Longhorn and BridgeTex pipelines that carry crude from the Permian Basin to Houston as shippers likely moved barrels to the international market, while refined product volumes rose on pandemic demand recovery.

Shippers on the long-haul crude oil lines took volumes elsewhere, likely to be exported from Corpus Christi, Texas—the top port for oil exports—and to the broader international market, executives said on an investor call, as Europe's demand for barrels increased following Russia’s invasion of Ukraine.

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