Oil Refining
In 2020, some more smaller oil & gas producers and service providers may well restructure financially, especially in N.America. Oil prices look supported by both OPEC+ cuts and geopolitical risks but this production constraint may not continue indefinitely. Moreover, global demand for oil—which is still growing at 1% or more--could soften further. Natural gas prices remain weak and under pressure from oversupply and soft LNG demand. Refiners are currently facing generally weak margins in spite of IMO 2020 finally arriving, although there may be some seasonal benefit by mid-year.
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- 05/04/2020
S&P Global Ratings Completes Review Of Canadian Oil And Gas Company Ratings
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- 03/19/2020
- Canada, APAC, United States of America, APAC, EMEA, Latin America
S&P Global Ratings Cuts WTI And Brent Crude Oil Price Assumptions Amid Continued Near-Term Pressure
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- 03/19/2020
- Canada, APAC, United States of America, APAC, EMEA, Latin America
Credit Trends: The Oil And Gas Distress Ratio Hits Historic High On Global Fears And Price Volatility
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- 12/23/2019
- Canada, APAC, United States of America, APAC, Latin America
Issuer Ranking: Canadian Oil And Gas Companies, Strongest To Weakest, By Sector
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- 12/10/2019
Recovery Price Deck Assumptions For Exploration And Production Companies Revised
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Karl Nietvelt
Head of Analytics & Research, Global Infrastructure Ratings
Joost Calje
Director, Market Outreach, The Netherlands & Nordics
Simon Redmond
S&P Global Ratings
Leader I, Credit Analysis