Crude oil flows from the Permian Basin to the U.S. Gulf Coast (USGC) rebounded in February, reaching 5.64 MMb/d, following a cold snap in January. This marks the second highest monthly flows to the USGC, less than 1 Mb/d shy of December 2023. Flows to Houston and Corpus Christi increased, while Beaumont saw a slight month-on-month decrease.
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- Analyst Insight
Despite a Dip, March Ranks as Third-Highest for Permian-to-Gulf Coast Oil Flows
Crude oil flows from the Permian Basin to the U.S. Gulf Coast dipped in March, decreasing to 5.54 MMb/d. Despite this decline, March still ranks as the third highest monthly flows to the USGC, approximately 95 Mb/d below both December 2023 and February 2024.
- Analyst Insight
Permian Crude Flows to Gulf Coast Rose Nearly 2% in August
Crude oil flows from the Permian Basin to the U.S. Gulf Coast rose nearly 2% in August 2024, reaching 5.64 MMb/d — an increase of 93 Mb/d compared to July (see graph below) — according to the latest monthly data from the Texas Railroad Commission.
- Analyst Insight
Permian Crude Flows to Gulf Coast Rebounded to Second-Highest Level in October
Crude oil flows from the Permian Basin to the U.S. Gulf Coast rose nearly 1% in October, reaching 5.73 MMb/d — an increase of 42 Mb/d compared to September, according to the latest monthly data from the Texas Railroad Commission.
