The forecast for the volume of oil pipeline transport delivered domestically in the US shows a consistent upward trend from 2024 to 2028, increasing from 64.19 million metric tons in 2024 to 67.01 million metric tons in 2028. Compared to the actual volume in 2023, this represents a steady growth pattern. The year-on-year growth is moderate, with an average compound annual growth rate (CAGR) indicating a slow but steady increase throughout the forecasted period. This suggests a stable demand and potential growth in domestic oil transport capacity.
Future trends to watch for include:
- Environmental policies influencing pipeline expansions and upgrades.
- Technological advancements in pipeline efficiency and safety.
- Geopolitical factors affecting the supply chain and import-export dynamics.
