Texas oil sector slowing down

April 17, 2015 12:45 PM

60 0

Texas oil sector slowing down

Capital spending expected to decline by at least 30 percent.

The Dallas bank released its so-called Beige Book, noting employment in most industries held steady or increased in March. Oil field services companies like Schlumberger, however, were cutting staff in response to a slowdown in the energy sector.

Also read: Fitch lowers Italy's credit rating to 1 notch above junk

Read more

To category page