New Study: North American Crude Oil Supply, Demand

and Impacts on Crude Oil Export Infrastructure

The United States is experiencing record levels of oil production, underscoring the need to further invest and expand the nation’s export infrastructure. In our new Wayfinder Analytics report, we found that market disruptions will occur as U.S. crude oil production growth accelerates, unless sufficient export infrastructure is built in the Texas Gulf Coast.

We project that in the next five years, U.S. oil production will rise to 16.6 mmbpd, with the Permian Basin accounting for a majority of this growth. In 2023, the U.S. will require the ability to export 6.5 mmbpd to sustain these production increases. Existing export capacity is limited, however, with U.S. weekly crude exports approaching current infrastructure limits, particularly along the Texas Gulf Coast, where much of the oil produced in the Permian Basin is exported. According to our analysis, if there is insufficient export capability to move growing supply, a bottleneck will form, working its way back to the wellhead in the form of a price signal.



Full Report: North American Crude Oil Supply, Demand and Impacts on Crude Oil Export Infrastructure