Houston Is Attracting Oil Flows Again Amid Record-High U.S. Crude Exports

Houston is attracting crude flows via pipelines again as record-high U.S. oil exports have resulted in a surge in pipeline utilization to the top-exporting hub of Corpus Christi, analysts told Reuters. Crude oil production in the top shale field in Texas, the Permian, is set to hit a record high of 5.694 million barrels per day (bpd) in May, up from an estimated 5.681 million bpd in April, according to drilling productivity data from the U.S. Energy Information Administration (EIA). Since 2020, when Corpus Christi overtook Houston as the main export…