US Energy Executives’ Outlook Sours for First Time Since 2016: Fed Survey

Customers pump gasoline into their cars at a gas station in the Bronx, New York, on June 1, 2018. DON EMMERT/AFP/Getty Images

U.S. oil and gas executives’ outlook turned negative for the first time since the low point of the last oil bust, according to results of a survey released on Jan. 3 by the Federal Reserve Bank of Dallas.

A survey of executive sentiment fell to -10 from 47 in the prior quarter, the first negative reading since early 2016, when U.S. crude prices plummeted to $26 per barrel.