Updated on December 3, 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 exit the market, creating a tighter environment heading into 2025.
- The industrial side of the economy continues to sleepwalk while the consumer pulls the economy forward.
- Domestic oil production set a new all-time high in October, shaking off any impact from multiple hurricanes.
- Oil prices remain well off recent highs as global demand remains challenged, driven in large part due to soft demand in China.
- Oil and gas businesses dealt with increased uncertainty in the third quarter, but it remains to be seen if multiple interest rate cuts and election results provide some level of certainty.
Download this free report monthly for key insights in the oil and gas industry.
