The U.S. Vitality Data Administration (EIA) raised its West Texas Intermediate (WTI) spot value forecasts for 2025 and 2026 in its newest quick time period power outlook (STEO), which was launched final week.
In line with that STEO, the EIA sees the WTI spot value averaging $70.68 per barrel this 12 months and $64.97 per barrel subsequent 12 months. In its earlier STEO, which was launched in February, the EIA forecast that the WTI spot value would common $70.62 per barrel in 2025 and $62.46 per barrel in 2026.
In its newest STEO, the EIA projected that the WTI spot value will common $71.25 per barrel within the first quarter of this 12 months, $70.50 per barrel within the second quarter, $71.50 per barrel within the third quarter, $69.52 per barrel within the fourth quarter, $67.50 per barrel within the first quarter of subsequent 12 months, $65.50 per barrel within the second quarter, $64.50 per barrel within the third quarter, and $62.50 per barrel within the fourth quarter.
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The EIA’s earlier STEO noticed the WTI spot value coming in at $73.62 per barrel within the first quarter of this 12 months, $71.00 per barrel within the second quarter, $70.00 per barrel within the third quarter, $68.00 per barrel within the fourth quarter, $64.97 per barrel within the first quarter of subsequent 12 months, $63.33 per barrel within the second quarter, $61.68 per barrel within the third quarter, and $60.00 per barrel within the fourth quarter.
In a report despatched to Rigzone by the Macquarie workforce on March 12, Macquarie projected that the WTI value will common $64.75 per barrel in 2025 and $58.38 per barrel in 2026.
Macquarie sees the commodity coming in at $70.00 per barrel within the first quarter of this 12 months, $62.00 per barrel within the second quarter, $63.50 per barrel throughout the third and fourth quarters, $58.50 per barrel within the first quarter of 2026, $56.00 per barrel within the second quarter, $57.50 per barrel within the third quarter, and $61.50 per barrel within the fourth quarter of 2026, in line with the report.
A Commonplace Chartered Financial institution report despatched to Rigzone by Commonplace Chartered Financial institution Commodities Analysis Head Paul Horsnell on March 11 confirmed that Commonplace Chartered anticipated the NYMEX WTI foundation close by future crude oil value to common $72 per barrel within the first quarter of 2025, $70 per barrel within the second quarter, $74 per barrel within the third quarter, $79 per barrel within the fourth quarter, $82 per barrel within the first quarter of 2025, and $80 per barrel within the second quarter of subsequent 12 months.
Commonplace Chartered sees the NYMEX WTI foundation close by future crude oil value averaging $82 per barrel total in 2026, $83 per barrel total in 2027, and $89 per barrel total in 2028, the report confirmed.
A analysis observe despatched to Rigzone by the JPM Commodities Analysis workforce on March 7 revealed that J.P. Morgan anticipated the WTI Crude value to common $70 per barrel within the first quarter of this 12 months, $73 per barrel within the second quarter, $69 per barrel within the third quarter, $65 per barrel within the fourth quarter, $60 per barrel within the first quarter of 2026, $59 per barrel within the second quarter, $55 per barrel within the third quarter, and $53 per barrel within the fourth quarter.
The observe confirmed that J.P. Morgan noticed the commodity coming in at $69 per barrel total this 12 months and $57 per barrel total in 2026.
A BMI report despatched to Rigzone by the Fitch Group on March 14 outlined that BMI, a unit of Fitch Options, sees the front-month WTI Crude value averaging $73.00 per barrel in 2025 and $72.00 per barrel in 2026.
To contact the writer, e mail andreas.exarheas@rigzone.com
