Updated on December 4, 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 were on a slow and uninteresting decline throughout November, though the possibility of a U.S.-drafted peace deal could lead to the return of Russian supply to global markets, triggering a deeper selloff.
- OPEC+ withheld further increases to its production quotas in the first quarter of 2026, citing “seasonality” for its weak Q1 demand forecast.
- Weak overall freight demand in November helped to 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.
- Lingering effects from the U.S. federal government shutdown and data blackout will likely compel the Federal Reserve to abstain from cutting interest rates at its meeting in December. The only sign that might persuade them otherwise is if unemployment reached 4.5% in November — a level to which it was dangerously close in September.
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