Permian fracking activity will overcome pipeline bottlenecks, IEA says
Published: Friday, 06 July 2018
A shortage in pipeline capacity will not stop rising oil production in the world's largest frac sand market, according to the International Energy Agency (IEA).
By Myurun Waran
West Texas oil production will continue to
rise despite logistical bottlenecks, supporting frac sand
demand there, the IEA said in its June oil market report.
Drilling activity in
the region has
stalled in recent weeks, with local oil prices suffering
from a shortage of takeaway capacity.