Economic Indicators
Energy Indicators
Energy sector stock market returns outperformed the S&P 500 this year despite some easing over the summer. Refiner stocks lagged behind, but U.S. refiners have been processing more oil than at any point since the start of the pandemic amid recovering demand.
August 16, 2021
Economic Indicators
Energy Indicators
Recent data for the energy sector have been positive. Energy prices rose to multiyear highs, and drilling activity extended a steady upward march.
July 23, 2021
Economic Indicators
Energy Indicators
Natural gas prices increased modestly in April after falling from February highs that were driven by Winter Storm Uri. The freezing temperatures slowed natural gas exports, pushing up heating and electricity demand—including from coal—and contributed to a historic spike in electricity prices in Texas.
May 10, 2021
Economic Indicators
Energy Indicators
Recent indicators point to an overall improved oil and gas outlook for the U.S. Activity in U.S. oil fields improved, oil prices held comfortably above levels needed to drill new wells for most producers, and industry employment losses slowed in February.
April 20, 2021
Dallas Fed Economics
Effects of COVID-19 on tourism, energy weigh on Texas, New Mexico, Louisiana
Economic performance within the individual states of the Eleventh District reflected those states’ underlying relative dependence on the tourism and energy sectors and the effects of restrictions on mobility and engagement during COVID-19.
March 23, 2021
Economic Indicators
Energy Indicators
Oil prices increased in December and early January. Executives responding to the Dallas Fed Energy Survey see West Texas Intermediate crude (WTI) prices staying near to or above breakeven levels for drilling new wells this year and are budgeting based on WTI in the low-to-mid $40s.
January 22, 2021
Economic Indicators
Energy Indicators
U.S. oil and gas employment ticked up in November—the first improvement since February. Benchmark natural gas prices were up in November, as were U.S. gas exports.
December 11, 2020
Economic Indicators
Energy Indicators
Choppy oil prices have averaged near $40 per barrel the past three months, and oilfield activity has risen from summer lows.
November 20, 2020
Economic Indicators
Energy Indicators
While the worst may be behind the industry, more job losses and business failures are likely over the short to medium term.
September 18, 2020
Economic Indicators
Energy Indicators
Energy industry payrolls plunged in April, and mining sector unemployment insurance claims continued to climb in May.
June 16, 2020