Global oil and gas industry ‘worsen’, top credit rating agency

The global oil and gas sector is in a new state of a new evil to grow from tariff battles, oil demand, oil demand, oil demand and other nations and other nations.

Fitch’s decision to change 2025 outlooks from Neutral from Neutral to the Fossil Fuel Industry, especially President Trump tariffs tariffs, especially presidential tariffs The decision of OPEC and key allies to cut more crude oil volumes after years of self-imposed.

However, Fitch is limited to the extinction of US oil and gas companies to reduce the sector, because it has less debt that this variability has received less balance sheets

“Some tariffs were de-growth,” Fitch said: “At the same time, the impact of these tariffs and the effects of these tariffs are already resolved and the main factors to increase oil consumption. “

The world, which led by Saudi Arabia and other countries, increasing the production of oil production, Kazakhstan, Brazil and Guyana, consumes less crude oil from previously expected from the world. Fitch projects Global oil demand will increase 800,000 barrels per day, compared to more than 1 million barrels per day, more than 1 million barrels per day. “The market will remain at a high level in 2025 due to the growth of supply faster.”

In a slight strange time, the Fitch Report, the same day, the United States and Iran, the United States and Iran, more optimistic economic inflation information and another temporary reconciliation in the United States and China, have risen to the highest level. The US benchmark for oil jumped to 68 dollars on June 11 to 68 dollars in early May.

It is also a new estimate that OPEC cannot increase its true fat volume on paper. Part of Saudi Arabia is a nation, such as Iraq and Kazakhstan, such as Iraq and Kazakhstan, for example, Iraq and Kazakhstan, a nation like Iraq and Kazakhstan, regularly to their production quotas.

“In general, our assessments show that the real influx of the barrel of the barrel will be lower than the increase in production, which has caused the true effects of the market,” said Pristad for the vice-president of oil trade markets for the Energy Firm.

As for other basic rating agencies, S & Ps are reduced by US oil and gas producers in 2025 to 10% of total capital expenditures and the volatility of oil prices, capital discipline, capital discipline and sustainable efficiency. “

Of course, the third major credit rating agency, Moody’s, the famous S & P and Fitch in May for the first time with the first straw representing the first straw, reducing S & P and Fitch in May.

Federal prediction

Rating agencies forecasts are mesh with its updated oil and gas forecasts with the US Energy Department.

DOE’s short-term energy outlook, US crude oil production, in the second quarter of 2025, for the first time since the world’s leading pandemic, the first time has entered the period for the first time, he said.

Outlook, the forecasts forecasted by the United States will drop by 13.3 million barrels per day by the end of 2026. This is a relatively small decrease, but not only plateau, but also the main stage for the shrink industry.

OPEC and its main allies, a group of OPEC +, in April, in April, in the late 2025 production volume of production in production by 2 million barrels, OPEC + July has increased the third month of July.

“Crude oil prices increased in the fourth month of May, and the increase in global oil reserves in April,” the increase in global oil reserves and “doe” voluntary production cuts “Doe” increased.

Collectively, OPEC + has received 5.86 million barrels of oil per day since 2022

Meanwhile, the United States increased by an increase of 8.8 million barrels of oil per day in early 2017, and more than 50% increase in 2025 per day.

The Doe and Credit Rating Reports are followed by the first quarter of the economic confusion and weak oil price environment of all oil and gas CEOs, but declared a relatively limited budget reduction.

One Call for industry As the highest manufacturer is directed to the Permia Basin, Diamondback Energy Chairman Travis Stice said that the US industry is already in a reduction.

“We believe that in the current commodity prices, we believe that the US oil production will be the price.” “As a result of the reduction of these activities, the US oil production in the United States has climbed into the summit and will begin to reject it in this quarter.”

This story was first displayed Fortune.com

Source link