Forecast: Volume of Crude Oil Pipeline International Transport Received Domestically in the US

In 2023, the volume of crude oil pipeline international transport received domestically in the U.S. stood at 182.50 million metric tons. From 2024 to 2028, there is a consistent upward trend forecasted, with the volume expected to reach 199.34 million metric tons by 2028. This reflects a year-on-year growth rate averaging between 1.5% to 1.7% over this period. The compound annual growth rate (CAGR) for these years is approximately 1.8%, indicating gradual growth.

Future trends to watch for include:

  • Emerging technologies in pipeline monitoring and management to enhance efficiency.
  • Global geopolitical dynamics impacting crude oil supply routes.
  • Sustainability initiatives and policies affecting the energy sector's focus on renewable alternatives.

Top Countries about Oil Pipeline