AL CONTINUAR CON LA NAVEGACIÓN, DA SU CONSENTIMIENTO AL USO DE COOKIES. CONSULTE NUESTRO AVISO DE COOKIES
ACCEDA A NUESTRA POLÍTICA DE PRIVACIDAD

Regístrese hoy mismo

y en menos de un minuto podrá acceder a:Titulares de última horaAnálisis y reportajesVídeos, podcasts y blogs sobre materias primasMuestras de precios e información de mercadoInformes especialesAvisos a los suscriptores y alertas diarias por correo electrónico

¿Ya tiene una cuenta?

Inicie sesión para registrarse

¿Olvidó su contraseña?

Nota: Los suscriptores de Platts Market Center solo pueden restablecer contraseñas desde la plataforma Platts Market Center

Indíquenos la dirección de correo electrónico con la que está registrado y le enviaremos un correo electrónico con su contraseña.


  • Correo electrónico Address* Escriba una dirección de correo electrónico.

Si es usted suscriptor/a premium; no podremos enviarle su contraseña por razones de seguridad. Póngase en contacto con nuestro departamento de atención al cliente.

Si es usted suscriptor/a de Platts Market Center, deberá restablecer su contraseña desde el portal de Platts Market Center.

En esta lista
Petróleo

S&P Global Ratings slashes Brent oil view to $55/b in 2019

Petróleo | Crudo | Productos refinados | Gasolina | Combustible de aviación | Nafta | Petroquímicos | Transporte marítimo

The only way is up for refiners

Petróleo

Platts Rigs and Drilling Analytical Report (RADAR)

Petróleo | Productos refinados | Fuelóleo | Transporte marítimo | Flete de carga seca | Combustibles marinos | Petroleros

Mediterranean Bunker Fuel Conference, 8th Annual

Gas natural | Gas natural (norteamericano) | Petróleo | Crudo

Más de la mitad de la producción de gas y petróleo del golfo de EE. UU. sigue cerrada tras el huracán Barry: BSEE

S&P Global Ratings slashes Brent oil view to $55/b in 2019

Lo más destacado

Brent crude 2019 view cut $10 to $55/b

Sees OPEC cuts offsetting US shale growth

London — S&P Global Ratings has slashed its average crude oil price assumptions by $10 a barrel for 2019 in response to a worsening picture for global demand.

¿No está registrado?

Reciba alertas diarias y avisos para suscriptores por correo electrónico; personalice su experiencia.

Registro

The institution said Thursday it has lowered its view for Brent crude to $55/b, from $65/b and WTI cut to $50/b, from $60/b for the year ahead.

The change in assumptions come after Brent plunged from a peak of $86 a barrel in early October to briefly trade below $50 a barrel at the end of December. Jitters have surfaced across the oil market over global demand growth and rising global inventory levels.

"The on-going trade war between the US and China as well as news of China's economic slowdown, has led to concerns about the outlook for global demand," S&P Global Ratings said in a statement with its new price assumptions. "

Moreover OPEC, particularly Saudi Arabia and Russia, were producing at record levels to offset what was expected to be a meaningful reduction in global supply due to the Iranian economic sanctions," it added.

The sanctions on Iranian oil imports fell short of expectations on November 2, as the US granted waivers to eight producers for six months which included pivotal buyers China and India. That wrong-footed OPEC with Saudi Arabia and Russia both pumping more than 11 million b/d at that time in a bid to offset the risk of lost Iranian barrels and left the market awash with crude.

The rating agency noted that the OPEC announcement "did little to stem the decline in oil prices as concerns about global demand and whether OPEC would honour the production cuts, continued to put pressure on prices" but said "the production cuts at a minimum, will offset the anticipated growth in 2019 from US shale production."

Much of the US shale production will come from the Permian Basin, which is constrained by a lack of pipeline capacity. S&P Global Ratings argues that "production from the region has bumped right up against the 3.4 million b/d of regional take out capacity."

London Oil & Energy Forum | London Hilton | February 25, 2019

Join our respected editors and analysts as they share insights on the latest oil and energy industry developments, market outlooks and in-depth analysis of major trends.

Register now

However, S&P Global Platts expects an additional 2.6 million b/d of pipeline capacity will come on line in 2019 and in early 2020, so the clock is ticking on OPEC's efforts to rebalance the market.

Analysts have been scrambling to revise their forecasts amid a rising tide of uncertainty over the economy, Iran sanction waiver extensions, US shale output and OPEC cuts.

S&P Global Ratings' competitor Moody's has also recently noted concerns about the oil market. The agency has set a $50-70/b range for WTI in the medium term, according to a press release issued Thursday.

--Paul Hickin, paul.hickin@spglobal.com

--Edited by Andy Critchlow, newsdesk@spglobal.com