Oilfield activity slowed further this quarter, according to the latest survey of energy executives by the Dallas Federal Reserve Bank, with declines in oil production and gas output indices.
The overall business activity index, a broad measure of conditions, fell to zero in the second quarter from 2.1 in the previous quarter, the survey of oil and gas executives in Texas, Louisiana and New Mexico released on Thursay showed.
Source: Reuters (Reporting by Arathy Somasekhar in Houston)