Dallas Fed Survey Respondents Bearish on Short Term Oil Prices

OilPrice · Alex Kimani · last updated March 26, 2025 – 10:25 AM

The latest Dallas Fed Energy Survey has revealed that activity in the oil and gas sector increased slightly in the first quarter of 2025. The survey found that U.S. oil and gas production increased slightly in the first quarter, with the oil production index moving up from 1.1 in the fourth quarter to 5.6 in the first quarter. Meanwhile, the natural gas production index also improved from -3.5 to 4.8. U.S. oil rig count gained one to 487 according to the latest Baker-Hughes survey, keeping it in the 472-488 rigs range for the 40th consecutive week.…

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