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Refinery outages pumping up fuel prices more than cost of crude oil
Even after the Iran conflict ends and the flow of crude oil through the Strait of Hormuz normalizes, U.S. fuel prices will likely remain unusually elevated relative to crude prices, owing to diminished refining operations. As a result, headline inflation measures could remain above where oil price trends would normally indicate for as long as a significant portion of global refining capacity stays offline.
Falling Oil Prices Drag Down U.S. Business Investment
The dramatic decline in the price of oil has led to massive investment reductions by U.S. oil and gas producers.
Diverse, Resilient Houston Looking at Moving Beyond Traditional Energy Base
Dallas Fed President Lorie K. Logan met with Houston business and community leaders earlier this month in the first of 12 stops on her 360° in 365 Listening Tour.Di
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.
Slowing Texas economy remains on track for a soft landing
The impact of a still-strong Texas jobs market and moderating business activities and costs suggest that the state’s economy may be headed for a soft landing following Fed policymaker efforts to cool inflationary pressures.
Texas overcomes mid-summer doldrums as economic prospects improve
Economic expansion in Texas accelerated during September and October, pointing toward an improving regional economy after summer weakness.
Journal Article
Real-time Data Inaccuracies Pose Challenges to Gauging the Oil Market
Initial estimates of global oil market balance, or the implied change in global inventories, are frequently used to identify supply shortages or surpluses. These have important implications for future oil prices. Initial inventory data undergo various revisions, which may contribute to inefficiencies in oil pricing.
Journal Article
Energy leads the way as Houston surges into 2012
Looking forward, we find lower stimulus for Houston in the year ahead and higher risks, but the door remains open to another year of solid local expansion.
Journal Article
Overflowing U.S. shale gas increasingly streams to Mexico and onto global markets
Huge volumes of imported shale gas from the United States have provided the ample supply for Mexico’s growing energy needs, keeping power prices down for industries and households.
Journal Article
Oil prices are up; whither the Texas boom?
Texas tends to report higher employment and output when oil prices sharply increase. But uncertainty regarding the duration of elevated prices could mute such impacts from the price shock following the closure of the Strait of Hormuz.