A new view of the relationship between oil prices, gasoline prices and inflation expectations
It has been considered self-evident until recently that oil prices drive inflation expectations, but new evidence calls into question this conclusion.
September 22, 2020
Southwest Economy, Third Quarter 2020
Energy sector slow to recover from malaise arising from effects of global pandemic
After absorbing a big hit from the COVID-19 pandemic, the energy sector may take until 2022 to recover.
September 21, 2020
Global Perspectives: Marvin E. Odum on the COVID-19 fight, energy outlook
Odum and Dallas Fed President Robert S. Kaplan participated in a moderated conversation with Krys Boyd of KERA and discussed the ongoing pandemic and how best to contain it.
August 25, 2020
Southwest Economy, Second Quarter 2020
COVID-19 tanks U.S. fuel consumption, prices
The effects of the pandemic, including working from home and reduced travel, dropped fuel consumption from mid-March to mid-April 2020.
June 23, 2020
Gasoline demand more responsive to price changes than economists once thought
Recent advances in applied work have overturned decades of conventional wisdom regarding how consumers respond to gasoline price fluctuations.
June 16, 2020
How falling oil prices in early 2020 weakened the U.S. economy
The benchmark West Texas Intermediate (WTI) price of oil dropped by more than half from Jan. 21 to April 3. This oil price decline has weakened rather than strengthened the U.S. economy, making this event different from past episodes of falling oil prices.
May 19, 2020
Falling oil prices drag down U.S. business investment
The dramatic decline in the price of oil has led to massive investment reductions by U.S. oil and gas producers.
May 14, 2020
Southwest Economy, First Quarter 2020
Permian Basin’s shale-era oil production rises even as rig count falls
A change in the number of active drilling rigs is no longer the reliable predictor for near-term oil production growth that it once was.
April 06, 2020
How the Saudi decision to launch a price war is reshaping the global oil market
In the second week of March, the already fragile global oil market was rocked by Saudi Arabia’s announcement that it would expand oil production to unprecedented levels, signaling an end to its price cooperation with Russia.
April 02, 2020
Dallas Fed Energy Survey results point to bleak outlook for oil industry
The price of West Texas Intermediate (WTI) crude oil has plunged more than 50 percent since the start of the year as the coronavirus (COVID-19) pandemic has taken hold and OPEC has failed to agree on global supply cuts.
March 26, 2020