This is an excerpt of the original article. It was written for the January-February 2026 edition of Supply Chain Management ...

The current transformation of the oil and gas industry is accelerating, and such the sector is undergoing global, unprecedented changes, bringing enormous opportunities and challenges to the market.

This is my annual update on oil that began with my first Insights column: “Is your supply chain addicted to oil?” (January/February 2007). Since, I’ve focused on the price of oil because freight costs ...