January 2022, Vol. 249, No. 1

Global News

Global News January 2022

US Oil Pipelines at Half-Capacity: Wood Mackenzie   Overall U.S. pipeline capacity utilization entered 2022 at around 50%, compared with a range of 60% to 70% headed into early 2020 before the coronavirus pandemic hit, according to consultancy Wood Mackenzie.   U.S. oil production, which surged to 13 MMbpd in early 2020 to make the United States the top oil producer, has averaged 11 MMbpd in 2021.   Numerous crude oil pipelines were built to increase takeaway capacity from the Permian Basin – the largest U.S. oilfield – when production surged between 2017 and 2020. Generally, basins that are overbuilt, like the Permian, have lower uncommitted ship

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