Dallas Fed Economics
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 Economics
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
Dallas Fed Energy Survey
Activity in the oil and gas sector declined significantly in first quarter 2020, according to oil and gas executives responding to the Dallas Fed Energy Survey.
March 25, 2020
Economic Indicators
Permian Basin Economic Indicators
Oil prices dropped sharply in early March. Oil production reached new highs in January, and the rig count edged up in February.
March 19, 2020
Dallas Fed Economics
Potential mismeasurement of mining limits official Texas real GDP data
We show how a new measure tied to oil and gas production provides a result that is more consistent with other assessments of real output in this industry.
February 25, 2020
Economic Indicators
Permian Basin Economic Indicators
Permian Basin payrolls stagnated in 2019, and the unemployment rate ticked up. Oil production reached a new high in December even as the rig count stalled.
February 21, 2020
Dallas Fed Economics
An assessment of economic conditions and the stance of monetary policy
In his latest essay, posted on Dallas Fed Economics, President Rob Kaplan provides his assessment of current economic conditions, the outlook for the energy industry, and the current stance of monetary policy.
February 18, 2020
Economic Indicators
Energy Indicators
The coronavirus is taking a bite out of oil markets, with oil prices the first week of February down $8–$9 per barrel from January averages.
February 14, 2020
Economic Indicators
Permian Basin Economic Indicators
Permian Basin payrolls remained flat through November, and the unemployment rate has ticked up in recent months.
January 17, 2020
Economic Indicators
Energy Indicators
An early January surge in tensions between Iran and the United States gave a transitory boost to oil prices.
January 14, 2020