Moody's report: : Surviving the oil price downturn

• Autores: Wayne Yamada
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 573, 2015 (Ejemplar dedicado a: Junio)
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • "We expect oil and natural gas prices to remain weak and volatile through 2015," Moody's said, assuming an average US West Texas Intermediate (WTI) crude oil benchmark price of $50/barrel (bbl) in 2015 and $60/bbl in 2016. The compares with $93.26/bbl in 2014.

    "The change in proppant volume for 2015 remains uncertain in light of new sand-intensive drilling techniques, but it is clear volume will decline," Moody's said, adding that it expects demand to stay weak until mid-2016.

    "As a result, the global market may see incremental increases in Iran's crude oil exports before seeing a substantial increase to Iran's production," it added.