August 2019, Vol. 246, No. 8

Global News

Permian to Need More Crude Takeaway Capacity: WoodMac

Planned crude oil pipeline projects may result in a “moderate overbuild” of Permian Basin crude oil capacity in the early 2020s, but Wood Mackenzie analysts project this period of overcapacity will be fairly short-lived before even more capacity is needed.  “We are in the midst of one of the largest crude infrastructure investment booms in US history, with much of the investment focused on the Permian basin,” said John Coleman, Wood Mackenzie’s principal analyst for North America crude markets. The latest Wood Mackenzie North America Crude Markets Service long-term outlook shows that even with the rapid buildout in the early 2020s, there will be on

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