Moody’s slashes oil, gas outlook; ongoing oversupply stunts prices

摘要

Moody’s Investors Service has substantially reduced its 2016 price assumptions for crude oil, natural gas and NGLs, the ratings agency said December 15. Moody’s now expects Brent crude prices to average $43/b next year, down from a previous forecast of $53/b, and West Texas Intermediate prices to average $40/b, down from $48/b previously. It sees the prices of both benchmarks ticking up by $5/b in 2017, according to the report “Oil and Natural Gas Industry - Global: Threat of Prolonged Oversupply Drives Prices Lower."