Tag: low oil price

Natixis’ Abhishek Deshpande comments on the oil market’s bearish outlook in City A.M.

With Brent crude falling to $44.56 per barrel in today’s late morning trading, Natixis’, senior oil analyst, Abhishek Deshpande spoke to City A.M. about his views on the market’s current spell of negativity. Following increased supply due to record output from the Organisation of Petroleum Exporting Countries (OPEC) and increased drilling activity in the US, …

Continue reading

Uncertainty on the horizon for LNG – S&P explores the sector in the specialist energy press

Liquefied natural gas (LNG) has historically enjoyed stable prices as a commodity. Yet the outlook for 2016 is less certain, according to Simon Redmond, Director at Standard & Poor’s and commodities specialist. Writing for specialist monthly journal, Petroleum Review from the Energy Institute, he explains that a glut in global supply has driven down prices. …

Continue reading

S&P says the LNG market is fighting to stay afloat in Energy Voice

In an article for Energy Voice, Simon Redmond, commodities specialist at Standard & Poor’s Ratings Services, outlines the contours of today’s liquefied natural gas (LNG) market. Overall, he does not expect a material improvement in current declining markets conditions or LNG ‘spot’ price – the price of the moment – in the foreseeable future. He …

Continue reading

S&P navigates 2016’s shipping sector in the specialist press

This year is set to unleash stormy conditions for the global shipping industry. Writing in specialist shipping magazine Maritime Reporter, Izabela Listowska, Director at S&P Ratings, argues that overly large fleets are chasing too little trade and negative consequences for employment in the industry could be on the horizon. Meanwhile, a potential rebound in oil …

Continue reading

The Gulf can no longer rely on oil to fund its infrastructure: S&P’s recent findings picked up by the specialist press

With low oil prices showing no signs of rising, Standard & Poor’s Dubai-based Director, Karim Nassif, suggests that the Gulf Corporation Council (GCC) will have to seek innovative forms of financing to foot its ever-growing infrastructure bill. In his new report, Nassif says that while Gulf states have long-relied on high export revenues from oil to …

Continue reading

Low oil price is slowing infrastructure development in the Gulf, says S&P

Karim Nassif, associate director at Standard & Poor’s, based in Dubai, recently published research looking into the impact of lower oil prices in the Gulf Cooperation Council (GCC). His findings reveal that the recent restraints on oil and gas prices, which have halved in value since mid-2014, have steered the GCC into a weak economic …

Continue reading