Commodities
US Oil Bosses See Spending Up Despite Lower Prices, Survey Shows
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Executives at US shale companies plan to increase spending this year despite giving a lower view on oil prices in the latest energy survey from the Federal Reserve Bank of Dallas.
Most executives at 134 oil and gas firms from across the Southwest expect capital spending to increase compared with 2024, according to the bank’s survey released Thursday. But the average response for West Texas Intermediate prices that companies are using to plan their budgets fell to $68 a barrel, seen down 4% from last year. The survey reflected optimism for industry regulations after Donald Trump’s presidential election win.