Texas oil pipeline operators are preparing to increase the volume of crude oil flowing through pipelines from domestic shale fields to its hubs on the Gulf Coast to pre-pandemic levels by October 2022, according to analysts. U.S. crude oil had been trading at about $100 a barrel, a boon for some Texas oil pipeline operators struggling…
Texas Pipeline Operators Prepare for Higher Volume as Permian Basin Oil Production Picks Up
May 16, 2022
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OPEC Crude Output Cuts Should Help US Shale Profits in 2021
HOUSTON—A decision by OPEC and allied countries to cut crude production through March delivered a late Christmas present for U.S. shale firms that have slashed costs, but any rise in prices spurred by the unexpected move may be just a modest stocking stuffer. U.S. crude oil production has fallen 2 million barrels per day in…
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