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U.S. Oil Production Rises Amid Growing Pessimism

3/26/2025

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Summary

Story summary

U.S. oil and gas activity saw a modest rise in Q1 2025, per the Dallas Fed survey.
The oil production index increased from 1.1 to 5.6, while the natural gas index improved from -3.5 to 4.8.
Companies project WTI oil prices at $68/barrel and natural gas at $3.78/MMBtu by the end of 2025.
However, pessimism grew, with the outlook index falling to -4.9 and uncertainty climbing to 43.1.

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Story summary

U.S. oil and gas activity saw a modest rise in Q1 2025, per the Dallas Fed survey.
The oil production index increased from 1.1 to 5.6, while the natural gas index improved from -3.5 to 4.8.
Companies project WTI oil prices at $68/barrel and natural gas at $3.78/MMBtu by the end of 2025.
However, pessimism grew, with the outlook index falling to -4.9 and uncertainty climbing to 43.1.