Activity in the oil and gas sector accelerated in first quarter 2022, according to oil and gas executives responding to the Dallas Fed Energy Survey. The business activity index—the survey’s broadest measure of conditions facing Eleventh District energy firms—jumped from 42.6 in the fourth quarter to 56.0, reaching its highest reading in the survey’s six-year … Continue reading Oil and gas expansion accelerates as outlooks improve significantly and the Russian oil supply shock of 2022