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  • Energy Indicators

    U.S. exports of liquefied natural gas (LNG) are expected to continue to grow into 2024. Global natural gas and heating oil prices are subdued as the winter outlook has moderated, while propane prices are increasing but remain significantly below last year’s levels.

  • Surveys

    Dallas Fed Energy Survey

    Activity in the oil and gas sector was essentially unchanged in fourth quarter 2023, according to oil and gas executives responding to the Dallas Fed Energy Survey.

  • Research Events

    2nd CEMLA/Dallas Fed Financial Stability Workshop

    The Center for Latin American Monetary Studies (CEMLA) and the Federal Reserve Bank of Dallas invite submissions to their 2nd Financial Stability Workshop, to be held from November 30 to December 1, 2023, in Dallas.

  • Energy Indicators

    Gasoline and diesel prices have come down since the end of summer, with gasoline prices seeing a stronger decline. A drop in gasoline consumption contributed to bloated gasoline inventories, while consumption of diesel is still relatively healthy, contributing to higher refining margins for the heavier product.

  • State output remains distinctly Texan, while jobs mix increasingly resembles the U.S.

    Lore and data have historically suggested that Texas is unlike any other place. Over the past 40 years, change has swept the state. Texas’ employment composition has increasingly come to resemble the entirety of the U.S., more so than even California or New York. But Texas economic output is another story.

  • Research Events

    Direct Air Capture Panel Discussion

    The University of California, Davis, and the Federal Reserve Bank of Dallas hosted a panel discussion on Nov. 15, 2023 that focused on the prospects for large-scale carbon removal via direct air capture technology and what role it should play in climate policy.

  • Energy Indicators

    Oil and gas executives expect the rig count to remain at current levels at the start of next year. Exploration and production (E&P) firms—especially the smaller ones—are preparing to see higher well completion and drilling costs in 2024.

  • Permian Basin Economic Indicators

    Permian Basin employment rose in the third quarter while wages declined. The unemployment rate was roughly unchanged. The region’s rig count declined, but the price of oil rose significantly.

  • Hotter summer days heat up Texans but chill the state economy

    As climate change intensifies over the next decade, summer heat waves will likely become more common and severe. The effect on Texas GDP growth is likely to be twice as pronounced as in the rest of the U.S. Meanwhile, the effect on job growth will likely be relatively subdued but vary widely across sectors.

  • Record-breaking Texas summer heat tests the grid, ERCOT operations

    Texas just witnessed its second-hottest summer ever and its highest electricity demand without experiencing interruption to electricity delivery.