What to Expect From the U.S. Upstream Oil & Gas Industry

The Zacks Oil and Gas - Exploration and Production - United States industry is facing several bearish trends that could put pressure on overall performance. A sluggish economic outlook coupled with China's decelerating growth has led the EIA to revise down its global crude consumption forecast for 2025. Moreover, the accelerating shift toward renewable energy and electric vehicles (EVs) is likely to further dampen traditional oil demand. Despite these challenges, U.S. upstream operators are adapting by prio ...