Updated on May 2, 2025
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:
- Although overall freight demand waned in April, capacity continues to trickle out of the market, though niche trucking modes are more vulnerable to volatility.
- March's macroeconomic data was surprisingly positive, but sentiment has plummeted among consumers and producers alike.
- Continued resilience in the labor market will likely persuade the Federal Open Market Committee to maintain its wait-and-see approach to interest rates in May, with previous remarks from Fed Chair Jerome Powell implying that the impact of tariffs will influence future policy to a high degree.
- Domestic oil production set record highs in March and is projected to continue doing so throughout the summer. Foreign supply was massively increased after OPEC announced that it would increase output by 411,000 bpd in May — nearly triple its prior target.
- Following this sharp increase in supply as well as recessionary fears triggered by U.S. trade wars, oil prices tumbled in April and analysts have become increasingly bearish over prices in the coming months.
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