Dallas Fed Survey Reveals Slowdown in U.S. Oil Sector

The Dallas Federal Reserve’s latest Energy Survey, which tracks activity across Texas, northern Louisiana, and southern New Mexico, shows a clear cooling in the U.S. oil sector. After years of relentless growth driven by the shale boom, responses this quarter point to a sector that is slowing down and recalibrating in the face of new pressures. For the second consecutive quarter, drilling and completion activity declined. Operators are scaling back exploration budgets, and the aggressive growth that defined shale’s early years has given…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com