Oil Pipeline Transportation in the US
The Oil Pipeline Transportation industry grew over the past five years, driven by steady oil production in the United States and Canada. As production increased, oil and gas companies demanded additional pipeline capacity to transport crude oil from extraction sites to refineries, where crude oil is refined into higher-value products such as gasoline. While oil production is concentrated in the central and southern most parts of the United States, most refineries and export terminals are located near the Gulf Coast. Over the five years to 2019, rapid oil production overloaded US outflow pipeline capacity, resulting in a glut of landlocked oil. Over the next five years, crude oil production will likely continue to rise, and pipeline investments will drive industry growth.
Industry operators primarily transport crude oil through pipelines. This industry does not include companies that predominantly transport other commodities besides crude oil, including natural gas.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook