The pandemic-inflicted oil demand crash and price collapse did not spare any segment of the oil industry. U.S. drillers and refiners cut oil and fuel production after demand plunged, while the entire oil and gas sector slashed capital budgets to preserve cash amid low oil and gas prices. The crisis spilled over to energy infrastructure, where oil and gas pipeline operators deferred or outright canceled projects and also reduced capital expenditure (capex) plans. But it’s not all doom and gloom in the American midstream sector. Some pipeline operators with pipes already in the ground will see the value of their existing pipelines rise amid a looming scarcity of infrastructure, analysts say. The capex cuts and canceled projects would also add to the so-called scarcity value of the already operational oil and gas pipelines. In addition, the reduced investments of pipeline operators are set to boost their free cash flow […]