Lower oil prices impair the economic prospects for a number of - TopicsExpress

Lower oil prices impair the economic prospects for a number of industrial regions in the United States , where oil and gas production is concentrated, this information was confirmed on January 14 after the release of the Federal Reserve System new Beige Book. The Dallas district reported that Texas Energy companies predict a fall in demand for its products in the range of 15%-40%, thus the companies are planning potential lay-offs. A significant reduction in drilling activity, employment and capital expenditures is expected in the Kansas Region. The Minneapolis District reported that oil and gas exploration projects in Montana and North Dakota have been cancelled. Read more: tass.ru/en/economy/771279

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