Crude oil flows from the Permian Basin to Nederland, TX, dipped slightly in February for the second consecutive month. According to latest data from our Crude Oil Permian report, February’s Nederland-bound total was 716 Mb/d, which is 3% below January and 15% below 2023 (see below graph). Overall, Nederland total volumes have started to dwindle, and its percentage of total Permian flows to the U.S. Gulf Coast have decreased from 16% in 2023 to 13% in February. With pipelines to Corpus Christi essentially full for a while now, most of the production growth in the Permian Basin has been directed toward Houston.

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