Updated on November 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:
- Oil prices plummeted throughout most of October, though rising tensions between the U.S. and Russia have reintroduced a risk premium to the market.
- OPEC+ moderated its production increases for November; concerns regarding the true extent of the cartel’s spare capacity are simmering.
- Weak overall freight demand in October helped accelerate carrier exits in the month. Capacity continues to trickle out of the market, with niche modes more vulnerable to volatility.
- Sentiment among U.S. manufacturers is divided on whether the sector is experiencing growth or not, though most agree the degree of change is slim.
- Recent remarks from Federal Reserve officials have indicated that the Fed is pivoting towards a dovish outlook, as the rate of quantitative easing is expected to hasten in the final months of 2025.
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