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"Many executives continue to see effects from the disruption to global supply and expect them to persist for some time," Plante said. "Most don't expect crude oil exports from the Persian Gulf to return to normal until at least the second quarter of 2027, and many anticipate it will take more than a year for the spread between fuel prices and crude to work its way back to 2025 levels-particularly for diesel." Dallas Fed Survey 3Q26
Exxon in Eddy County, New Mexico. Its HZ well drilled in 2025 declined 80% in just 18 months with average oil to water ratios of 22%.
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