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
Permian Basin Economic Indicators
Permian Basin-area employment grew in 2022. Oil production reached a new high, and the rig count increased. However, home sales slowed and median home prices declined slightly during the fourth quarter.
March 01, 2023
Trade diversion has helped ease the impact of the embargo on Russian oil
Much has been made about the effect of Russia’s invasion of Ukraine on the price of oil. However, the price of oil was already drifting upward well before the invasion in late February 2022.
February 21, 2023
Energy Indicators
Natural gas prices have plunged since the start of the year. An unusually warm winter in both the United States and Europe kept demand low during the heating season, and European countries were able to import sufficient amounts of non-Russian gas to forestall a winter energy crisis.
February 16, 2023
Residential solar power shines on, backed by securitized lending
Residential solar is a small and rapidly expanding sector, and the securitization market—the packaging of loans to investors—has been one of the most popular sources of funding for new solar installations.
February 14, 2023