Executives from oil and fuel corporations have revealed the place they anticipate the West Texas Intermediate (WTI) crude oil worth to be at numerous factors sooner or later within the third quarter Dallas Fed Vitality Survey, which was launched just lately.
The survey requested members what they anticipate WTI costs to be in six months, one yr, two years, and 5 years. Executives from 127 oil and fuel corporations answered this query and gave a imply response of $63 per barrel for the six month mark, $64 per barrel for the yr mark, $69 per barrel for the 2 yr mark, and $77 per barrel for the 5 yr mark, the survey confirmed.
Executives from 120 oil and fuel corporations answered this query within the second quarter Dallas Fed Vitality Survey 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, that survey confirmed.
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Within the first quarter Dallas Fed Vitality Survey, executives from 124 oil and fuel corporations answered this query 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 revealed.
The most recent survey additionally requested members what they anticipate the WTI crude oil worth to be on the finish of 2025. Executives from 136 oil and fuel corporations answered this query and gave a median response of $63.06 per barrel, the survey highlighted. The low forecast was $50 per barrel, the excessive forecast was $80 per barrel, and the common day by day spot worth in the course of the survey was $63.80 per barrel, the survey identified.
Executives from 135 oil and fuel corporations answered this query within the second quarter Dallas Fed Vitality Survey and gave a median response of $68.18 per barrel, that survey highlighted. The low forecast in was $50 per barrel, the excessive forecast was $85 per barrel, and the common day by day spot worth in the course of the survey was $69.81 per barrel, that survey identified.
Executives from 129 oil and fuel 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 common day by day spot worth in the course of the survey was $67.60 per barrel, that survey highlighted.
In a “particular questions” phase, the third quarter Dallas Fed Vitality Survey requested exploration and manufacturing executives if their agency has delayed funding selections in response to heightened uncertainty in regards to the worth of oil and/or the price of producing oil.
Executives from 92 exploration and manufacturing corporations answered this query, with 36 % responding “sure, considerably”, 42 % responding “sure, barely,” and 22 % responding “no”, the survey highlighted.
Amongst massive E&Ps, 35 % responded “sure, considerably”, 53 % responded “sure, barely”, and 12 % responded “no”, in accordance with the survey, which confirmed that, amongst small E&Ps, 36 % responded “sure, considerably”, 40 % responded “sure, barely”, and 24 % responded “no”.
Small E&P corporations produced fewer than 10,000 barrels per day within the fourth quarter of 2024 and huge E&P corporations produced 10,000 barrels per day or extra, the survey identified, including that responses got here from 75 small corporations and 17 massive corporations.
The Dallas Fed conducts the Dallas Fed Vitality Survey quarterly to acquire a well timed evaluation of power exercise amongst oil and fuel corporations positioned or headquartered within the Eleventh District, the Dallas Fed states on its web site, highlighting that the Eleventh District encompasses Texas, northern Louisiana, and southern New Mexico.
To contact the writer, e mail andreas.exarheas@rigzone.com
