Executives from oil and gasoline corporations have revealed the place they count on the West Texas Intermediate (WTI) crude oil worth to be at numerous factors sooner or later within the second quarter Dallas Fed Vitality Survey, which was launched lately.
The survey requested contributors what they count on WTI costs to be in six months, one yr, two years, and 5 years. Executives from 120 oil and gasoline corporations answered this query and gave a imply response of $68 per barrel for the six month and yr marks, $72 per barrel for the 2 yr mark, and $77 per barrel for the 5 yr mark, the survey confirmed.
Executives from 124 oil and gasoline corporations answered this query within the first quarter Dallas Fed Vitality Survey and gave a imply response of $68 per barrel for the six month mark, $70 per barrel for the yr mark, $74 per barrel for the 2 yr mark, and $82 per barrel for the 5 yr mark, that survey confirmed.
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The most recent survey additionally requested contributors what they count on the WTI crude oil worth to be on the finish of 2025. Executives from 135 oil and gasoline corporations answered this query and gave a median response of $68.18 per barrel, the survey highlighted. The low forecast was $50 per barrel, the excessive forecast was $85 per barrel, and the typical day by day spot worth throughout the survey was $69.81 per barrel, the survey identified.
Executives from 129 oil and gasoline corporations answered this query within the first quarter Dallas Fed Vitality Survey and gave a median response of $68.32 per barrel, that survey confirmed. The low forecast got here in at $50 per barrel, the excessive forecast was $100 per barrel, and the typical day by day spot worth throughout the survey was $67.60 per barrel, that survey highlighted.
Worth and Manufacturing
In a “particular questions” section, the second quarter Dallas Fed Vitality Survey requested exploration and manufacturing executives what they count on to occur to their agency’s oil manufacturing from June this yr to June 2026 if WTI was to stay at $60 per barrel over the following 12 months.
Executives from 85 exploration and manufacturing corporations answered this query, with zero p.c responding that their oil manufacturing would “enhance considerably”, six p.c noting that it might “enhance barely”, 24 p.c noting that it might “stay near June 2025 ranges”, 61 p.c responding that it might “lower barely”, and 9 p.c noting that it might “lower considerably”, the survey highlighted.
The survey additionally requested exploration and manufacturing executives what they count on to occur to their agency’s oil manufacturing from June this yr to June 2026 if WTI was to be $50 per barrel over the following 12 months.
Executives from 85 exploration and manufacturing corporations answered this query too, with zero p.c responding that their oil manufacturing would “enhance considerably”, two p.c noting that it might “enhance barely”, 9 p.c noting that it might “stay near June 2025 ranges”, 42 p.c responding that it might “lower barely”, and 46 noting that it might “lower considerably”, the survey identified.
The Dallas Fed conducts the Dallas Fed Vitality Survey quarterly to acquire a well timed evaluation of vitality exercise amongst oil and gasoline corporations situated or headquartered within the Eleventh District, the survey states, highlighting that the Eleventh District encompasses Texas, northern Louisiana, and southern New Mexico.
The third quarter Dallas Fed Vitality Survey is about to be launched on September 24, based on the Dallas Fed web site.
The Federal Reserve Financial institution of Dallas is a part of the Federal Reserve System, the central financial institution of the USA, the Dallas Fed notes on its web site.
To contact the creator, electronic mail andreas.exarheas@rigzone.com
