From the Federal Reserve Bank of Dallas

The Federal Reserve Bank of Dallas has published its latest Energy Indicators report with pipeline constraints leading the news. Report follows.

Pipeline limitations are driving down local prices for oil and natural gas, causing drilling activity to flatten and the inventory of uncompleted wells to rise in the Permian Basin. Texas mining employment growth also slowed in July. Meanwhile, refineries are processing record volumes of crude, and surging petrochemical processing is putting downward pressu...

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