Dallas Fed Survey Shows Weakened Oil & Gas Activity Outlook ...Middle East

Oil and gas activity in the Dallas Fed’s Eleventh District slipped again in the third quarter, with the headline business activity index at -6.5 versus -8.1 in Q2 as executives pointed to elevated uncertainty and higher costs, according to the latest release on Wednesday of the Dallas Fed’s Energy Survey.   Company outlook deteriorated to -17.6, according to the survey, while production also edged lower. The oil production index held at -8.6 and natural gas at -3.2. Oilfield services weakened, with equipment utilization at…

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