S&P Global Ratings Raises Brent Oil Price Assumptions For 2018 Through 2020; WTI Assumptions For 2018 And 2019; Natural Gas Price Deck Unchanged - S&P Global Ratings’ Credit Research

S&P Global Ratings Raises Brent Oil Price Assumptions For 2018 Through 2020; WTI Assumptions For 2018 And 2019; Natural Gas Price Deck Unchanged

S&P Global Ratings Raises Brent Oil Price Assumptions For 2018 Through 2020; WTI Assumptions For 2018 And 2019; Natural Gas Price Deck Unchanged - S&P Global Ratings’ Credit Research
S&P Global Ratings Raises Brent Oil Price Assumptions For 2018 Through 2020; WTI Assumptions For 2018 And 2019; Natural Gas Price Deck Unchanged
Published Sep 17, 2018
6 pages (2780 words) — Published Sep 17, 2018
Price US$ 600.00  |  Buy this Report Now

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Abstract:

S&P Global Ratings raised its average price assumptions for Brent and West Texas Intermediate (WTI) crude oil for the remainder of 2018 by $5 a barrel (bbl) to $70/bbl and $65/bbl, respectively, and for 2019 by $5/bbl to $65/bbl and $60/bbl. We also raised our Brent price assumption for 2020 by $5/bbl to $60/bbl, while our WTI assumption for 2020 is unchanged at $55/bbl. Our Henry Hub natural gas price assumptions are unchanged at $3 per million Btu through 2020. In addition, we added price assumptions for 2021 to our price deck (see table 1). These revisions are effective immediately. We use this price deck to assess sovereign and corporate credit quality, in particular for exploration and production (E&P) companies,

  
Brief Excerpt:

...S&P Global Ratings raised its average price assumptions for Brent and West Texas Intermediate (WTI) crude oil for the remainder of 2018 by $5 a barrel (bbl) to $70/bbl and $65/bbl, respectively, and for 2019 by $5/bbl to $65/bbl and $60/bbl. We also raised our Brent price assumption for 2020 by $5/bbl to $60/bbl, while our WTI assumption for 2020 is unchanged at $55/bbl. Our Henry Hub natural gas price assumptions are unchanged at $3 per million Btu through 2020. In addition, we added price assumptions for 2021 to our price deck (see table 1). These revisions 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 the increase in our price deck assumptions, we anticipate relatively few rating actions resulting...

  
Report Type:

Commentary

Sector
Global Issuers, Public Finance, Structured Finance
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "S&P Global Ratings Raises Brent Oil Price Assumptions For 2018 Through 2020; WTI Assumptions For 2018 And 2019; Natural Gas Price Deck Unchanged" Sep 17, 2018. Alacra Store. Mar 29, 2024. <http://www.alacrastore.com/s-and-p-credit-research/S-P-Global-Ratings-Raises-Brent-Oil-Price-Assumptions-For-2018-Through-2020-WTI-Assumptions-For-2018-And-2019-Natural-Gas-Price-Deck-Unchanged-2149108>
  
APA:
S&P Global Ratings’ Credit Research. (). S&P Global Ratings Raises Brent Oil Price Assumptions For 2018 Through 2020; WTI Assumptions For 2018 And 2019; Natural Gas Price Deck Unchanged Sep 17, 2018. New York, NY: Alacra Store. Retrieved Mar 29, 2024 from <http://www.alacrastore.com/s-and-p-credit-research/S-P-Global-Ratings-Raises-Brent-Oil-Price-Assumptions-For-2018-Through-2020-WTI-Assumptions-For-2018-And-2019-Natural-Gas-Price-Deck-Unchanged-2149108>
  
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