Some of the largest pipeline operators in the U.S. have started to offer sweeter deals for crude oil shipment to producers as the midstream sector vies to curb its losses and keep its relevance amid the oil demand and production decline. Pipeline companies, including Magellan Midstream Partners, Enterprise Product Partners, and Energy Transfer, have cut shipment rates in contract negotiations or have offered more advantageous rates in current contracts to U.S. oil producers to keep their customers amid a pipeline overcapacity and an overall slump in oil demand and oil production in the United States, Reuters reported on Wednesday. Magellan Midstream Partners has even offered to its customers the option to ship crude on its pipeline only when market conditions are favorable, according to Reuters. This approach differs from the typical take-or-pay contracts between an upstream and a midstream company for moving oil out of a production center. Caught […]