Tag Archives: oil prices

Moody’s: Slow recovery in energy led by growing production of oil and natural gas

The energy industry will continue its slow recovery as upstream companies increase production, helping the midstream and services sectors as well. Excess supply will continue to dampen oil prices in the coming year, Moody’s Investors Service says in its 2018 outlook for the global oil and gas sector. Natural gas…

OPEC cuts while U.S. shale booms: The effects on oil’s supply chain​

By: IBISWorld Procurement Research Analyst, Roshan Sathyanarayana The price of crude oil has been falling in recent years, going from over $100 per barrel in 2014 to hovering around $50 per barrel in 2017. In light of declining oil prices, the Organization of the Petroleum Exporting Countries (OPEC) has spent much of…

Fitch: Oil drop may slow U.S. LNG, weaken economics

The recent nearly 50 per cent drop in oil prices may slow the momentum behind the development of U.S. liquefied natural gas (LNG) facilities, according to Fitch Ratings. Oil price declines have weakened global LNG prices and could increase Henry Hub gas pricing, weakening current U.S. LNG project economics. Traditional…