Oil and Gas - Global | Moody's Outlooks 2021

OUTLOOK

Global - Oil and Gas Outlook

2021 outlook stable with modest gain for prices but still-limited capital investment

“Modest improvement in oil prices in 2021 will lead producers to limit capital investment, with negative knock-on effects for drilling, oilfield services and midstream companies, while fuel demand will rise, but not to pre-downturn levels”

Amol Joshi

Vice President - Senior Credit Officer
Moody's Investors Service

INFOGRAPHIC

Oil and Gas - Global

Oil prices will hover around $40-$45/bbl in 2021, remaining at lower end of our $45-$65 Brent medium-term price range

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