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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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Tuesday, 09 June 20
INDIA: COAL IMPORT DROPS BY 20% TO NEARLY 19 MILLION TONNES IN MAY, SAYS REPORT - HINDUSTAN TIMES
The country’s coal import dropped by 20 per cent to 18.93 million tonnes (MT) last month, industry data showed.   The government ...


Monday, 08 June 20
WOOD MACKENZIE: THE INDISPENSABLE OPEC+
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Monday, 08 June 20
JUNE 2020 INDONESIAN COAL PRICE REFERENCE HIT US$ 52.98 A TON, ITS LOWEST LEVEL SINCE AT LEAST AUGUST 2016
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down again the benchmark price of Indonesian th ...


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