Updated on March 3, 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:
- Freight market dynamics are evolving despite falling demand levels and more niche equipment types are facing increased volatility.
- The macroeconomic outlook is full of uncertainty as the new administration is willing to shake up the status quo.
- Inflation remains a hot topic, leading the FOMC to hold interest rates steady at its January meeting after three consecutive rate cuts at the end of 2024.
- Oil production was better than many expected in January, despite the cold temperatures, allowing for new all-time highs to be hit in the coming months.
- Oil prices have been fairly stable, but it will be interesting to see if there are any changes to OPEC+ plans to remove the voluntary production cuts that could impact the price of crude.
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