Updated on January 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:
- Truckload capacity continues to exit the market with the more niche equipment types experiencing more rapid changes than the overall market.
- The FOMC cut interest rates by another 25 basis points in December, but expectations are for fewer cuts in 2025.
- Domestic oil production hit another new all-time high in November and expectations are for another all-time high to be set in December.
- Oil prices were remarkably stable throughout the past month as conflicts in the Middle East have eased for the time being.
- Eyes are on January 15 and the potential strike at the East Coast ports would impact import and export activity, though at the moment it seems like a strike would be short-lived.
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