January 2009

Trends and Resources

HP In Brief: HPIn Brief

Oil, gas credit ratings The oil and gas industry has been through gyrations lately. Concerns about a global recession, the over 50% drop in the pri..

Weirauch, Wendy, Hydrocarbon Processing Staff

Oil, gas credit ratings The oil and gas industry has been through gyrations lately. Concerns about a global recession, the over 50% drop in the price of oil from last summer's $147/barrel record high and speculative investors' flight from commodities have rapidly changed oil and gas markets. However, despite all this uncertainty, credit ratings on oil and companies should remain mostly secure, according to a report by Standard & Poor's Ratings Services. "We expect ratings to be relatively stable given our current view on industry conditions, our conservative price assumptions, and because many exploration and

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