Prior to the pandemic, the utilization rate of U.S. oil pipelines stood at 60 to 70 percent The midstream oil sector see intense competition as pipeline operators have to fight for more barrels Half of all crude oil pipelines across the United States are not being utilized amid lower fossil fuel production following the outbreak of the global coronavirus pandemic, energy consultancy Wood Mackenzie has reported as quoted by Reuters. Prior to the pandemic, the utilization rate of U.S. oil pipelines stood at 60 to 70 percent, but now it’s down to 50 percent as production dropped from a record 13 million bpd to 11 million bpd. The average, however, is not distributed equally across the country’s oil fields. The Gray Oak Pipeline in the Permian, for example, is being utilized at 94 percent, according to Wood Mac’s head of oil data, Ryan Saxton. The BridgeTex pipeline, which ships […]