Oil and product pipelines and Refining and reforming

Energy flows from oil and product pipelines to refining and reforming; energy flows from refining and reforming to oil and product pipelines; their prices have moved together.

Oil and product pipelines (energy) and Refining and reforming (energy): 3 relationships.

How they are linked

1. Energy flow

Physical flow · 57% of flow · Oil and product pipelines → Refining and reforming

Crude pipelines deliver feedstock to refineries.

• 57% of Oil and product pipelines's energy goes this way

2. Energy flow

Physical flow · Direct · Refining and reforming → Oil and product pipelines

Product pipelines carry refined fuels to depots.

3. Price link: customer

Cost and price · Weak · Both ways

Refineries are the main destination for crude pipelines and the source for product lines. A refinery closure or expansion changes pipeline volumes for decades, but monthly prices are unrelated, correlating at 0.01.

• 0.01 monthly change correlation
• 0.06 12-month change correlation
• 0.17 fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.