In its newest brief time period power outlook (STEO), which was launched on November 12, the U.S. Power Data Administration (EIA) elevated its West Texas Intermediate (WTI) spot common worth forecast for 2025 and 2026.
In accordance with this STEO, the EIA now sees the WTI spot worth averaging $65.15 per barrel in 2025 and $51.26 per barrel in 2026. In its earlier STEO, which was launched in October, the EIA projected that the WTI spot worth would common $65.00 per barrel in 2025 and $48.50 per barrel in 2026. The EIA’s September STEO forecast that the WTI spot worth common would are available at $64.16 per barrel this 12 months and $47.77 per barrel subsequent 12 months.
A quarterly breakdown included within the EIA’s newest STEO projected that the WTI spot worth will common $58.65 per barrel within the fourth quarter of 2025, $50.30 per barrel within the first quarter of subsequent 12 months, $50.68 per barrel within the second quarter, and $52.00 per barrel throughout the third and fourth quarters of 2026.
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The EIA’s October STEO noticed the WTI spot worth averaging $58.05 per barrel within the fourth quarter of subsequent 12 months, $47.97 per barrel within the first quarter of subsequent 12 months, $48.33 per barrel within the second quarter, $48.68 per barrel within the third quarter, and $49.00 per barrel within the fourth quarter of 2026.
In its September STEO, the EIA projected that the WTI spot worth would are available at $65.14 per barrel within the third quarter of 2025, $55.41 per barrel within the fourth quarter, $45.97 per barrel within the first quarter of subsequent 12 months, $46.33 per barrel within the second quarter, $48.68 per barrel within the third quarter, and $50.00 per barrel within the fourth quarter of 2026.
The EIA’s newest STEO confirmed that the WTI spot worth averaged $65.78 per barrel within the third quarter, $64.63 per barrel within the second quarter, and $71.85 per barrel within the first quarter. This STEO additionally highlighted that the WTI spot worth averaged $76.60 per barrel total in 2024.
In a analysis be aware despatched to Rigzone by Natasha Kaneva, the top of worldwide commodities technique at J.P. Morgan, on November 13, J.P. Morgan projected that the WTI crude oil worth will common $62 per barrel in 2025 and $53 per barrel in 2026. In that be aware, J.P. Morgan forecast that the commodity will are available at $57 per barrel within the fourth quarter of this 12 months, $51 per barrel within the first quarter of subsequent 12 months, $53 per barrel throughout the second and third quarters, and $56 per barrel within the fourth quarter of 2026.
In a report despatched to Rigzone by the Commonplace Chartered workforce on November 12, Commonplace Chartered forecast that the NYMEX WTI foundation close by future crude oil worth will common $65.40 per barrel in 2025 and $59.90 per barrel in 2026. Commonplace Chartered projected in that report that the commodity will are available at $61.50 per barrel within the fourth quarter of 2025, $58.50 per barrel within the first quarter of subsequent 12 months, $59.50 per barrel within the second quarter, $60.50 per barrel within the third quarter, and $61.00 per barrel within the fourth quarter of 2026. Commonplace Chartered additionally projected on this report that the commodity will common $63.50 per barrel in 2027.
BMI projected that the entrance month WTI crude worth will common $65.00 per barrel in 2025 and $64.00 per barrel in 2026 again in a BMI report despatched to Rigzone by the Fitch Group on October 24. BMI is a Fitch Options Firm, that report highlighted.
To contact the creator, e mail andreas.exarheas@rigzone.com
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