Booming U.S. Oil Exports Could Hit A Bottleneck

U.S. crude oil exports have been setting new records lately,
but as both the U.S. oil production and exports are set to
increase, analysts and traders warn that booming exports may reach
infrastructure limitations in two to three years, which would weigh
on U.S. oil prices due to high domestic production with constrains
in takeaway capacity. U.S. crude oil exports hit a record-high of
1.98 million bpd in the week to September 29, according to EIA
data. This was the highest weekly average since the U.S. removed
restrictions on crude oil exports…

U.S. crude oil exports have been setting new records lately,
but as both the U.S. oil production and exports are set to
increase, analysts and traders warn that booming exports may reach
infrastructure limitations in two to three years, which would weigh
on U.S. oil prices due to high domestic production with constrains
in takeaway capacity. U.S. crude oil exports hit a record-high of
1.98 million bpd in the week to September 29, according to EIA
data. This was the highest weekly average since the U.S. removed
restrictions on crude oil exports…