Moody’s upbeat on oil and gas in 2019
While 2019 will see only gradual increase in drilling activity, oilfield service sector prices will likely increase over medium term
Moody’s recent report on the global oil and gas industry examines credit analysts’ themes heading into 2019, finding an industry kicking off the year on steady footing.
The investors service arm of Moody’s predicts the “medium-term price band for WTI crude will be $50-$70 per barrel in 2019.”
[additional news subjects in this story]
Increase in rig activity
E&Ps struggle to boost returns
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