Updated on November 1, 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:
- The freight market is undergoing a shift and niche markets are seeing the changes occur faster than the general freight market.
- Consumers continue to spend money, besting analysts' expectations once again in September.
- The Federal Open Market Committee has two more meetings this year. The outcomes of the meetings will have an impact on capital deployment of oil and gas companies in 2025.
- Domestic oil production took a step backward in September, falling as Hurricane Helene impacted production along the Gulf Coast.
- Oil price movement in October has been driven primarily by the conflict in the Middle East and the expectations surrounding retaliatory attacks.
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