In the pipeline: Crude oil prices will dip from historical highs as production continues
Oil pipeline owners transport crude oil and other refined petroleum products through pipelines. While volatile economic conditions presented hurdles, advanced drilling techniques (think hydraulic fracking) have increased the number of profitable oil reserves in the country. The US relies heavily on fossil fuels, causing an uptick in domestic production. Overall, industry revenue has risen at a CAGR of 2.2% over the past five years, including a 5.0% slump to total an estimated $17.9 billion in 2023.
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's key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Energy Transfer Lp
- Tc Energy Corporation
- Plains All American Pipeline Lp
- Enbridge Inc.
- Enterprise Products Partners L.P.
- Bp Plc
Methodology
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