Latest market news

NuStar completes Cactus 2 crude connection

  • Market: Crude oil
  • 04/09/19

NuStar Energy has completed a second phase of a project to connect its export terminal in Corpus Christi, Texas, to the 670,000 b/d Cactus 2 crude pipeline, allowing more Permian crude to reach the Gulf coast.

Nustar has completed an 8-mile (13km), 30-inch pipeline to move crude from a Cactus 2 connection in Taft to Corpus Christi, Texas. The line is already moving crude, the company said today.

Plains All American Pipeline put Cactus 2 in service last month, helping to alleviate a bottleneck of crude in west Texas. NuStar last month exported its first crude from Cactus 2.

NuStar is also building 600,000 bl of storage at its Corpus Christi terminal, bringing total capacity to 3.9mn bl. The storage expansion should be completed in December 2019.

Midstream companies have been racing to add takeaway capacity out of the Permian amid booming production and growing interest in exporting US crude.

Another large pipeline, the 400,000 b/d Epic crude line also went into service last month moving Permian crude to Corpus Christi.


Sharelinkedin-sharetwitter-sharefacebook-shareemail-share

Business intelligence reports

Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.

Learn more