13 Apr 2018; For any product or commodity to be successful in the marketplace, it is important that it can be produced for a competitive price and in sufficient volumes and is delivered to customers on a timely basis. These rules apply to crude oil as well. In the United States, the rapid growth in light tight oil (LTO) production, in particular from the Permian Basin in Texas, has created some logistical challenges that are currently being addressed. On the one hand expanded production requires more pipelines to expand the takeaway capacity out of the region. On the other hand, to facilitate more exports, midstream operators are also investing in crude oil terminals, storage facilities and connecting pipelines. The question is: will the infrastructure expansion be ready in time to accommodate the expected growth in oil production and exports?
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