Executives from oil and gasoline companies have revealed the place they anticipate the West Texas Intermediate (WTI) crude oil worth to be at numerous factors sooner or later within the fourth quarter Dallas Fed Power Survey, which was launched not too long ago.
The survey requested contributors what they anticipate WTI costs to be in six months, one yr, two years, and 5 years. Executives from 116 oil and gasoline companies answered this query and gave a imply response of $59 per barrel for the six month mark, $63 per barrel for the yr mark, $69 per barrel for the 2 yr mark, and $75 per barrel for the 5 yr mark, the survey confirmed.
Executives from 127 oil and gasoline companies answered this query within the third quarter Dallas Fed Power Survey 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, that survey confirmed.
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The most recent survey additionally requested contributors what they anticipate the WTI crude oil worth to be on the finish of 2026. Executives from 128 oil and gasoline companies answered this query and gave a mean response of $62.41 per barrel, the survey highlighted. The low forecast was $50 per barrel, the excessive forecast was $82.30 per barrel, and the typical day by day spot worth through the survey was $59.00 per barrel, the survey identified.
The fourth quarter Dallas Fed Power Survey was the primary Dallas Fed Power Survey which requested contributors what they anticipate the WTI crude oil worth to be on the finish of 2026. The earlier Dallas Fed Power Survey requested contributors what they anticipate the WTI crude oil worth to be on the finish of 2025.
Executives from 136 oil and gasoline companies answered this query within the third quarter survey and gave a mean response of $63.06 per barrel, that survey highlighted. The low forecast was $50 per barrel, the excessive forecast was $80 per barrel, and the typical day by day spot worth throughout that survey was $63.80 per barrel, the third quarter Dallas Fed Power Survey identified.
Capital Planning
The fourth quarter Dallas Fed Power Survey additionally requested contributors what WTI crude oil worth their agency is utilizing for capital planning in 2026. Executives from 119 oil and gasoline companies answered this query and gave a mean response of $59 per barrel, the survey confirmed.
The fourth quarter 2024 Dallas Fed Power Survey requested contributors what WTI crude oil worth their agency was utilizing for capital planning in 2025. Executives from 129 oil and gasoline companies answered this query and gave a mean response of $68 per barrel, that survey confirmed.
Extra WTI Projections
In its newest brief time period power outlook (STEO), which was launched on December 9, the U.S. Power Data Administration (EIA) projected that the WTI spot worth will common $65.32 per barrel in 2025 and $51.42 per barrel in 2026. A quarterly breakdown included in that STEO projected that the WTI spot worth will are available at $59.31 per barrel within the fourth quarter of 2025, $50.93 per barrel within the first quarter of 2026, $50.68 per barrel within the second quarter, and $52.00 per barrel throughout the third and fourth quarters of subsequent yr.
A BofA World Analysis report despatched to Rigzone on December 18 projected that the WTI crude oil worth will common $57 per barrel in 2026 and $65 per barrel in 2025.
In a J.P. Morgan report despatched to Rigzone by the JPM Commodities Analysis group on December 12, J.P. Morgan projected that the WTI crude worth will common $65 per barrel total in 2025 and $54 per barrel total in 2026.
In a report dated December 10, which was despatched to Rigzone not too long ago by the Commonplace Chartered group, Commonplace Chartered projected that the NYMEX WTI foundation close by future crude oil worth will common $65.40 per barrel this yr and $59.90 per barrel subsequent yr.
Macquarie projected, in a report despatched to Rigzone by the Macquarie group on December 5, that the WTI worth will are available at $64.89 per barrel total in 2025 and $57.25 per barrel total in 2026.
To contact the writer, electronic mail andreas.exarheas@rigzone.com
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