S&P Global Ratings Raises 2018 Brent And WTI Oil Price Assumptions And 2019 Brent Price Assumptions

S&P Global Ratings has raised its average 2018 price assumptions for Brent and West Texas Intermediate (WTI) crude oil by $5 per barrel (bbl) to $65/bbl and $60/bbl, respectively. Additionally, we raised our price assumption for 2019 Brent prices by $5/bbl to $60/bbl. Our 2019 and 2020 crude price assumption for WTI remains $55/bbl. Our 2020 Brent price assumption also remains $55/bbl. Our Henry Hub natural gas assumption is also unchanged at $3/Btu for 2018, 2019, and 2020 (see table 1). These price assumptions are effective immediately. We use this price deck to assess sovereign and corporate credit quality, in particular for exploration and production (E&P) companies, in accordance with the ratings methodology set forth in "Methodology For Crude Oil

...May 7, 2018 S&P Global Ratings has raised its average 2018 price assumptions for Brent and West Texas Intermediate (WTI) crude oil by $5 per barrel (bbl) to $65/bbl and $60/bbl, respectively. Additionally, we raised our price assumption for 2019 Brent prices by $5/bbl to $60/bbl. Our 2019 and 2020 crude price assumption for WTI remains $55/bbl. Our 2020 Brent price assumption also remains $55/bbl. Our Henry Hub natural gas assumption is also unchanged at $3/Btu for 2018, 2019, and 2020 (see table 1). These price assumptions are effective immediately. We use this price deck to assess sovereign and corporate credit quality, in particular for exploration and production (E&P) companies, in accordance with the ratings methodology set forth in "Methodology For Crude Oil And Natural Gas Price Assumptions For Corporates And Sovereigns," published Nov. 19, 2013. Despite increasing our 2018 WTI and Brent crude oil price assumptions by $10 since the beginning of 2018, we anticipate relatively few...

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