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Pessimism pervades oil, gas sectors due to US election uncertainty, lower prices: Dallas Fed

September 26, 2024 Comments Off

A curtain of pessimism appears to have settled over the US oil and gas industry in the third quarter as presidential election uncertainties loom and operators weather a challenging commodity price environment, according to the Dallas Federal Reserve Bank’s latest energy sector survey released Sept. 25. The survey generally encompasses questions dealing with price expectations, actual and anticipated drilling activity,…