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The backdrop for oil prices in 2022 remains supportive largely due to economies reopening and the potential for a return to full demand. The ratings for many oil and gas producers clearly benefitted from the recovery in hydrocarbon prices, which allowed public companies to not only generate healthy credit metrics, but to deliver on debt reduction and repair balance sheets.
S&P Global Ratings
Chief Analytical Officer, Infrastructure Ratings
Director, Market Outreach, The Netherlands & Nordics
S&P Global Ratings
Leader I, Credit Analysis