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Dallas Fed Reports Oil and Gas Activity Dip Due to Steel Tariffs

Dallas Fed survey reveals a slight contraction in oil and gas activity due to steel tariffs, impacting companies like GEMXX Corp. and the broader energy sector.

The contraction in oil and gas activity due to steel tariffs is a critical development for the energy sector, affecting companies and investors alike. This situation underscores the broader economic implications of trade policies on domestic industries, potentially leading to increased costs for energy production and exploration. For stakeholders in the oil and gas industry, understanding these trends is essential for navigating the challenges and opportunities that lie ahead.