Production

US oil and gas activity drops amid market uncertainty: Dallas Fed

Tariffs, Opec+ increases cited as reasons for pessimism

A pump jack operates outside of Midland, Texas, US on 11 June 2025.
A pump jack operates outside of Midland, Texas, US on 11 June 2025.Photo: REUTERS/SCANPIX
North America Energy CorrespondentBaton Rouge
Published 3 July 2025, 11:00Updated 3 July 2025, 11:00
USDallas FedAmericasNorth America