Updated on July 5, 2024
This State of the National Oil & Gas Industry report aims to provide a comprehensive analysis of transportation and logistics for the oil & gas industry, shedding light on its key drivers, trends, and emerging technologies. By examining the current landscape and forecasting future developments, we seek to equip executives, industry managers, and stakeholders with valuable insights to navigate the ever-evolving logistics landscape.
Highlights for the oil & gas report include:
- Capacity continues to bleed out of the market at a far faster pace than it did in 2019.
- The economy is weighing when interest rate cuts are coming, but consumers did receive some positive news on the inflation front.
- Oil and gas companies are starting to search for opportunities outside of the Permian Basin through large acquisitions.
- Oil prices dipped early in June as OPEC+ countries announced voluntary cuts would take place slightly later than anticipated.
- Gulf Coast markets have experienced more challenging capacity conditions as volumes in the region have grown faster than those at a national level.
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