Here’s what the Federal Reserve Bank of Dallas has to say about energy jobs in Texas

Alexandra Hart | Source: Texas Standard | Posted 04/22/2024

The Federal Reserve bank of Dallas recently released its Q1 energy survey. The Fed heard from nearly 150 energy firms about the state of the industry, and what to expect in the coming year. Matt Smith, energy analyst for Kpler, joined Texas Standard to share some of the highlights. Listen to the interview above or read the transcript below.

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The Federal Reserve Bank of Dallas released its Q1 energy survey, receiving feedback from nearly 150 energy firms to gauge the state of the industry and expectations for the year. Analyst Matt Smith discussed key takeaways from the survey, highlighting improving outlooks with increased profitability thresholds and stable to slightly growing employment forecasts. Respondents also shared views on LNG export facility approvals and long-term price forecasts, with a general sense of cautious optimism prevailing in the industry.

Additionally, the survey examined longer-term price forecasts, revealing a wide range of estimates for near-term and future prices. Respondents anticipated prices to remain high in the long term, despite ongoing uncertainties in the market. The survey's comment section echoed prevalent themes of uncertainty, geopolitical concerns, and political influences, reflecting the somber mood within the industry. Looking ahead, the expectation is for oil prices to remain above $80 per barrel, while national and Texas gasoline prices are projected to rise slightly over the next quarter.

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Source Link: https://www.texasstandard.org/stories/dallas-federal-reserve-bank-texas-energy-jobs-q1-report/

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Here’s what the Federal Reserve Bank of Dallas has to say about energy jobs in Texas

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