Fitch Ratings has recently published its updated report on oil and gas price predictions with key takeaways, via Reuters, found below.
- Increased geo-political tensions & economic uncertainty are likely to contribute to oil price volatility.
- OPEC+ to continue to manage supply to avoid large supply-demand imbalances.
- Lowered natural gas price assumptions, reflecting reduced marginal production costs in us and increased LNG supplies globally.
- Believe that OPEC+ deal will be extended until at least end of this year, though its parameters could change.
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