Dallas Fed Survey: War Uncertainty Capping Firms’ Ambitions by Geert De Lombaerde
Seven out of 10 oil-and-gas executives surveyed by the Federal Reserve Bank of Dallas think the price of a barrel of West Texas Intermediate (WTI), which flirted with $100 in the last 2 weeks, will finish 2026 below $80. But with the war with Iran “wreaking havoc” in commodity markets, most firms aren’t rushing to overhaul their 2026 production plans.Fed researchers’ quarterly survey of industry players from about 130 companies in Texas and parts of Louisiana and New Mexico showed that the average WTI price forecast for year-end is around $74. That’s up significantly from the $62 outlook from 3 months ago and well below the roughly $94/bbl at which WTI was being priced during the Fed’s survey period earlier this month. At $74, WTI would also be at a price high enough for most production to be profitable. Executives are more positive about the mid- and longer-term price outlook for natural gas than they are for oil. Dallas Fed survey: War uncertainty capping firms’ ambitions | Oil & Gas Journal
For more details from the survey, click here.
