Sep 03
Economy
Texas Oil Industry Sheds 3,000 Jobs Amid Price Slump
Adobe Stock/Volodymyr Shevchuk/stock.adobe.com
Texas oil took a hit this summer, with nearly 3,000 upstream jobs lost as crude prices lingered around $64 a barrel—well below the $74 to $78 needed for growth. Experts say the industry is tightening its belt for now, but with strong demand and more favorable policies ahead, a rebound is on the horizon.
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