Fed: Texas cut 35,000 energy jobs in 2016 through April, but outlook improving

July 8, 2016 / By Surprise Valley Resources

HOUSTON – The latest available data shows Texas energy companies cut 35,000 jobs this year through April, but the industry’s outlook is improving, the Dallas Fed says. “Market participants seemed reassured by global inventory build-ups in 2016 that appear far more subdued than in 2015,” as U.S. production declines by half a million barrels a …
Source: FuelFix