Economic Indicators
Energy Indicators
Natural gas prices have been rising as inventories wane. Exports of natural gas are at record levels and set to grow further in the second half of 2022.
June 03, 2022
Economic Indicators
Energy Indicators
Refinery utilization is rising as they exit the spring maintenance season amid rising measures of profitability and low product inventories.
April 28, 2022
Economic Indicators
Southern New Mexico Economic Indicators
The Las Cruces economy expanded in February. Payroll employment reached its prepandemic level, unemployment fell, and the metro’s housing market remained robust.
April 06, 2022
New Mexico marijuana legalization’s costs, benefits remain unclear
New Mexico legalized recreational marijuana use last year, joining 17 other states. Anticipated benefits and costs partially offset one another, but there is considerable uncertainty around both.
April 01, 2022
Economic Indicators
Energy Indicators
The Russian invasion of Ukraine has roiled the industry and sent global energy prices soaring. Downward revisions to oil and gas payroll data reveal that the pandemic oil bust has been much deeper than national data initially showed.
March 14, 2022
Economic Indicators
Energy Indicators
Eroding inventories, heighted political tensions and uncertainty regarding spare production capacity from OPEC+ member countries kept global energy prices elevated through the end of 2021.
January 28, 2022
Economic Indicators
Energy Indicators
Overall, global demand for petroleum is expected to surpass 2019 levels by the end of 2022, contingent on the course of COVID-19. In the meantime, the cost of global energy is elevated heading into winter.
December 16, 2021
Economic Indicators
Energy Indicators
While oil and gas drilling activity is rising globally, international rig counts remain well below prepandemic levels.
November 16, 2021
Economic Indicators
Energy Indicators
Hurricane Ida temporarily impacted refining and petrochemical production, but the recovery was well underway for most facilities by the end of September.
October 06, 2021
Economic Indicators
Energy Indicators
U.S. oil and gas payrolls continued to increase in July. Oil prices rose in response to recovering demand, limited supply growth and eroding inventories. Natural gas prices increased due to healthy domestic and export demand and disruptions related to Hurricane Ida.
September 20, 2021