Updated on May 2, 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:
- Following a series of retaliatory attacks between Iran and Israel, oil traders are still mostly unconvinced that prices will trend higher in the near future.
- The M&A whirlwind that swept the Permian Basin appears to have been replaced by research on innovative means of extraction.
- West Texas Intermediate crude prices came close to $87/bbl at the start of April, though prices have since declined.
- Domestic crude oil production tumbled a bit in March, though upcoming months are set to see steady gains until Q3 — after which production is set to skyrocket.
- Capacity remains looser than it did in pre-pandemic years, but more niche equipment types are staying tighter than the general market.
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