Moody’s: Oil will average $75 in 2010

Oil prices will average $75 per barrel (bbl) in 2010, following rising growth in global oil consumption, fuelled by buoyant demand in developing economies, led by China, says rating agency Moody’s.

ist-4079646-oilrigpipes

According to Moody's EMEA Oil & Gas Industry Outlook 2010 report, a recovery in oil prices will also be underpinned by an expected uptick in demand, supported by "the gradual economic upturn that is expected for 2010".

Moody's revised its outlook for the global integrated oil and gas industry to stable from negative in early December 2009.

"The revised outlook reflects our view that operating profitability and cashflow generation of the integrated majors has reached its lowest point and is

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

Credit risk & modelling – Special report 2021

This Risk special report provides an insight on the challenges facing banks in measuring and mitigating credit risk in the current environment, and the strategies they are deploying to adapt to a more stringent regulatory approach.

The wild world of credit models

The Covid-19 pandemic has induced a kind of schizophrenia in loan-loss models. When the pandemic hit, banks overprovisioned for credit losses on the assumption that the economy would head south. But when government stimulus packages put wads of cash in…

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here