May 16, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Amid global trade tensions seen to be undermining growth, the Federal Reserve Bank of Dallas reported that job employment declined and oil production remained stable in the Permian Basin during the first quarter. The Permian is the largest oil-producing basin and the second-largest gas producer in the United States, averaging about 6.4 million barrels per day (BBL/d) during the first quarter.
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