WTI Crude Oil Price Assumptions For 2019 And 2020 Raised To $55 Per Barrel - S&P Global Ratings’ Credit Research

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

WTI Crude Oil Price Assumptions For 2019 And 2020 Raised To $55 Per Barrel - S&P Global Ratings’ Credit Research
WTI Crude Oil Price Assumptions For 2019 And 2020 Raised To $55 Per Barrel
Published Apr 22, 2019
4 pages (2058 words) — Published Apr 22, 2019
Price US$ 600.00  |  Buy this Report Now

About This Report

  
Abstract:

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,

  
Brief Excerpt:

...- 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....

  
Report Type:

Commentary

Sector
Global Issuers, Public Finance, Structured Finance
Format:
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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. "WTI Crude Oil Price Assumptions For 2019 And 2020 Raised To $55 Per Barrel" Apr 22, 2019. Alacra Store. Sep 29, 2020. <http://www.alacrastore.com/s-and-p-credit-research/WTI-Crude-Oil-Price-Assumptions-For-2019-And-2020-Raised-To-55-Per-Barrel-2219408>
  
APA:
S&P Global Ratings’ Credit Research. (). WTI Crude Oil Price Assumptions For 2019 And 2020 Raised To $55 Per Barrel Apr 22, 2019. New York, NY: Alacra Store. Retrieved Sep 29, 2020 from <http://www.alacrastore.com/s-and-p-credit-research/WTI-Crude-Oil-Price-Assumptions-For-2019-And-2020-Raised-To-55-Per-Barrel-2219408>
  
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