The volume of crude oil pipeline international transport received domestically in the US stood at an actual value of 68.65 billion tonne kilometers in 2023. From 2024 onwards, the data shows a steady increase with a CAGR of approximately 0.20% over the five-year period. Year-on-year growth remains modest, indicating a stable demand for crude oil pipeline transport.
Future trends to watch for include:
- Potential impacts of regulatory changes on crude oil transport.
- Technological advancements in pipeline infrastructure enhancing efficiency.
- The influence of global economic conditions on oil demand.
- Shift towards renewable energy and its impact on pipeline usage.
