A Closer Look at the U.S. Upstream Oil & Gas Industry

The Zacks Oil and Gas - Exploration and Production - United States industry faces growing headwinds. With potential Republican-led policies encouraging increased domestic production, U.S. output could see a rise, expanding supply and likely softening oil prices. Additionally, China’s slowing oil demand, despite government stimulus efforts, may contribute to weaker global prices, especially if OPEC+ production cuts don’t offset the lagging demand. Further, rising renewable energy and electric vehicle adoptio ...