Updated on April 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 March, capacity continues to trickle out of the market, though niche trucking modes are more vulnerable to volatility.
- Though most macroeconomic data is still quite positive, sentiment has plummeted among consumers and producers alike.
- Continued resilience in the labor market led the Federal Open Market Committee to maintain its wait-and-see approach to interest rates in March, with 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 February and is projected to continue doing so throughout the summer. Foreign supply was massively increased after OPEC announced that it would return 2.2 million barrels per day to global markets over the next 18 months.
- Following this sharp increase in supply, oil prices tumbled in March and most analysts have become increasingly bearish over prices in the coming months.
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