Updated on June 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 stagnated in May, capacity continues to trickle out of the market, though niche trucking modes are more vulnerable to volatility.
- Sentiment among consumers and producers appears likely to improve, reflecting solid macroeconomic data from the past several months.
- The Federal Open Market Committee maintained interest rates at its meeting in early May, citing continued health in the labor market. Further progress on inflation, if seen, could convince it to cut rates at its next meeting in June.
- After substantial downward revisions to prior months’ data, domestic oil production grew in April and is projected to continue doing so throughout 2025. Saudi Arabia appears to have given up on its $90/bbl target and, as de facto leader of the cartel, has raised OPEC’s output quotas beyond expectations.
- Following this sharp increase in supply, though offset slightly by receding fears of a U.S. recession, oil prices recovered modestly from a four-year low in early May.
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