Oxford’s Monthly Industry Briefings for October have been released and are available on the website. These reports contain the latest developments for eleven major industries around the globe with short industry briefs provided by Oxford Economics. These two-to-three-page briefs include a short-written summary, output/trend graphs, and an output table. Due to the U.S. government shutdown, some indexes in the report were not updated.
Brief highlights from the reports can be read below:
Electricity Generation & Renewables:
- Oxford Economics reports that U.S. electricity prices, which have outgrown inflation since 2022, are continuing to rise. Demand is expected to drive prices higher as electrification and the AI investment boom continue. Supply side constraints, including the reduction of federal policy support for solar and wind power, set the stage for tighter U.S. electricity markets in the next 5 years.
Chemicals:
- According to Oxford Economics, the Eurozone’s chemical sector overall has been declining, partly due to overcapacity, high gas prices, and tariffs. Chemical imports to the Eurozone were up 12% y/y in August and have increased by 61% since 2015, further reflecting the region’s dependence on external chemical production.
Energy and Mining:
- Oxford Economics disclose that U.S. Oil production rose from 21.3 million barrels per day in August to 21.5 million barrels per day in September 2025. US produced 5% more million barrels per day in September 2025 compared to September 2024. Oxford Economics forecasts Saudi Arabia’s oil output to grow heading into 2026, whereas Canada’s oil output is expected to shrink, as shown in the chart below:
These reports and more are available to all NFPA members on the member hub. Questions? Contact Cecilia Bart at cbart@nfpa.com or 414-259-2027.