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Friday, 12 June 20
MOODY'S REVISES BRENT OIL PRICE OUTLOOK TO $35/BARREL IN 2020 - TASS
Tass logoLow oil prices are likely to exert the highest pressure on Iraq, Oman and Kuwait due to the limited space for the fiscal policy pursuit and higher liquidity pressure, the rating agency noted
 
“Notwithstanding the recent increase in prices, we now assume that Brent will average $35/barrel (bbl) this year and $45/bbl in 2021, or $8/bbl below our March 2020 assumptions,” the rating agency said.
 
“We also expect oil prices to remain below their path pre-coronavirus, as long-lasting changes to oil-intensive travel and transport in particular lower oil demand for several years to come,” Moody’s noted.
 
Low oil prices are likely to exert the highest pressure on Iraq, Oman and Kuwait due to the limited space for the fiscal policy pursuit and higher liquidity pressure, the rating agency noted. At the same time, “relatively greater levels of economic diversification buffer the impact on Russia,” Moody’s noted.
 
Exporters of hydrocarbons will not be able in general to fully compensate the huge drop in revenues, which will lead to a long-term increase of the debt burden, the rating agency said.
Source: TASS


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Thursday, 27 August 20
BANGLADESH POWER MINISTRY SEEKING AUTHORITY TO CANCEL 13,000 MW OF PROPOSED COAL-FIRED CAPACITY - BUSINESS STANDARD
In a bid to move away from dirty energy, the Ministry of Power, Energy and Mineral Resources is seeking the prime minister’s approval to conv ...


Wednesday, 26 August 20
ASIAN COAL PRICES LIKELY TO REMAIN DEPRESSED SAY TRADERS, ANALYSTS - REUTERS
Asian coal prices, which have fallen around 25% this year as power demand slumped due to the coronavirus outbreak, are unlikely to move higher befo ...


Wednesday, 26 August 20
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Wednesday, 26 August 20
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Wednesday, 26 August 20
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