In 2023, the volume of crude oil pipeline international transport delivered domestically in the US stood at approximately 47 million metric tons. The forecasted data for 2024 to 2028 show a steady annual growth, starting at 50.16 million metric tons in 2024 and rising to 59.96 million metric tons by 2028. The anticipated year-on-year increase amounts to approximately 5%. The compound annual growth rate (CAGR) over these five years is estimated to be around 5.2%.
Future trends to watch for include:
- Potential impacts of geopolitical events on crude oil supply chains
- Advances and investments in pipeline infrastructure affecting capacity
- Regulatory changes concerning environmental policies and fossil fuel use
- Shifts in domestic energy consumption patterns affecting demand
