WTI Crude Oil Price Assumptions For 2019 And 2020 Raised To $55 Per Barrel

S&P Global Ratings raised its average price assumptions for West Texas Intermediate (WTI) crude oil for the remainder of 2019 through 2020 by $5 per barrel (bbl) to $55/bbl, while our WTI assumption for 2021 and thereafter remains $55/bbl. We are maintaining our Brent crude oil assumptions for 2019 and 2020 at $60/bbl and for 2021 and thereafter it remains $55/bbl. Our Henry Hub natural gas price assumptions remains $3 per million Btu through 2021 (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 and oil-producing countries, in accordance with the ratings methodology described in "How S&P Global Ratings Formulates, Uses,

...- We are raising our WTI price assumption to $55 per barrel from $50. - We are maintaining our price assumptions for Brent ($60 per barrel in 2019 and 2020 and $55 barrels for 2021 and beyond) and Henry Hub ($3 per million Btu through 2021 and beyond) at this time. - We expect OPEC supply cuts and the end to Iran sanction waivers to largely offset the effects the surging Permian supply has on prices. S&P Global Ratings raised its average price assumptions for West Texas Intermediate (WTI) crude oil for the remainder of 2019 through 2020 by $5 per barrel (bbl) to $55/bbl, while our WTI assumption for 2021 and thereafter remains $55/bbl. We are maintaining our Brent crude oil assumptions for 2019 and 2020 at $60/bbl and for 2021 and thereafter it remains $55/bbl. Our Henry Hub natural gas price assumptions remains $3 per million Btu through 2021 (see table 1). These revisions are effective immediately....

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