Permian Basin Economic Indicators
Permian Basin employment slipped 0.2 percent over the first three months of 2023 even though the mining, logging and construction sector grew 8.5 percent. The region’s rig count is down as the price of oil has declined from its peak last summer.
June 02, 2023
Energy Indicators
In a surprise move at the beginning of the month, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced a voluntary reduction in production quotas of nearly 1.7 million barrels per day (mb/d).
May 25, 2023
360 in 365 Tour
Corpus Christi’s export hub is about to get busier
During her first year at the Dallas Fed, President Lorie Logan is visiting communities all around the Eleventh Federal Reserve District.
May 25, 2023
Energy Indicators
In a surprise move at the beginning of the month, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced a voluntary reduction in production quotas of nearly 1.7 million barrels per day (mb/d).
May 17, 2023
Global energy producer Midland–Odessa seeks economic stability, end to boom-and-bust
In the fifth stop on her 360° in 365 Listening Tour, Dallas Fed President Lorie K. Logan met with Midland–Odessa business and community leaders in mid-April to learn about the area’s strengths, challenges and outlook.
May 09, 2023
Energy transition means more than just additional electric vehicles
Dallas Fed economist David Rapson discusses the challenges of moving away from a fossil-fuel-dependent economy.
May 05, 2023
Energy Indicators
In a surprise move at the beginning of the month, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced a voluntary reduction in production quotas of nearly 1.7 million barrels per day (mb/d).
April 26, 2023
Energy Indicators
The prices of many global energy products have come down since the start of the year. Global refined crude throughput has increased in the past year and is expected to continue to rise.
April 12, 2023
Surveys
Dallas Fed Energy Survey
Growth in the oil and gas sector stalled out in first quarter 2023, according to oil and gas executives responding to the Dallas Fed Energy Survey.
March 29, 2023
Texas to get new type of refinery: a lithium refinery
Tesla is developing the facility near Corpus Christi to produce battery-grade lithium hydroxide, a lithium chemical used in the high-performance lithium-ion batteries that companies such as Tesla prefer.
March 10, 2023