European Integrated Oil & Gas Entities - 2009 Outlook - Fitch Research

European Integrated Oil & Gas Entities - 2009 Outlook

European Integrated Oil & Gas Entities - 2009 Outlook - Fitch Research
European Integrated Oil & Gas Entities - 2009 Outlook
Published Dec 12, 2008
11 pages (18943 words) — Published Dec 12, 2008
Price US$ 999.00  |  Buy this Report Now

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Brief Excerpt:

...Over the course of 2009 Fitch Ratings expects European integrated oil and gas companies to maintain healthy credit metrics despite the agency s anticipation of a slowdown in global economic growth, a reduction in demand for crude oil, and greater volatility in crude oil prices than in recent years. Downstream refining capacity additions of around 1.2 million barrels per day, which commenced in 2007, are expected to be largely completed by 2009. Fitch expects refining margins in 2009 to continue to come under pressure, but some scope for improvement exists as crude prices decline and refinery utilisation rates remains broadly stable. Additionally, merger and acquisition activity in the industry is expected to increase globally, as o il prices decline and major oil companies have accumulated large cash positions. Fitch, however, sees limited opportunities for European majors to participate in such activity as prime takeover targets...

  
Report Type:

Special Report

Ticker(s)
012027 , BP. , ENI , OMV , RDSA , REP
Issuer
Shell plc
Format:
PDF Adobe Acrobat
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MLA:
Fitch Research. "European Integrated Oil & Gas Entities - 2009 Outlook" Dec 12, 2008. Alacra Store. Mar 28, 2024. <http://www.alacrastore.com/fitch-credit-research/European-Integrated-Oil-Gas-Entities-2009-Outlook-418386_report_frame>
  
APA:
Fitch Research. (). European Integrated Oil & Gas Entities - 2009 Outlook Dec 12, 2008. New York, NY: Alacra Store. Retrieved Mar 28, 2024 from <http://www.alacrastore.com/fitch-credit-research/European-Integrated-Oil-Gas-Entities-2009-Outlook-418386_report_frame>
  
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