2020 Midyear International Outlook: Pipeline Construction & Market Trends
By Jeff Awalt, Executive Editor The COVID-19 crisis has dramatically affected oil and gas production and demand, leaving no midstream markets untouched as drilling screeched to a halt, pipeline projects were sidelined and global storage neared capacity in a stark reversal of trends at the start of 2020. As the pandemic continued to rage into midyear and economies sputtered to restart, projections seesawed week to week and the outlook for demand recovery remained hazy. Work continues along Enbridge’s Line 3 despite some regulatory snarls along the way. (Photo: Enbridge) Market Trends The International Energy Agency (IEA) predicted in July that producer supply cuts will help return g
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