Oil prices will remain volatile and highly-sensitive to changes in supply and demand this year, which will underpin near-term oil prices in the range of $40-$45/barrel, according to Moody’s. Asian economies, China and India, are leading the rebound in industrial and transportation demand for oil which will help to keep rebalancing the market in the wake […]
India’s latest round of stimulus measures shifted focus back to longer-term growth by focusing on manufacturing and job creation, global rating agency Moody’s said, as it predicted a 10.6% contraction in the country’s real GDP in FY21, against a 11.5% drop forecast earlier. India’s economy has started to heal as is evident by a significant […]
Asia’s slowing energy demand growth will impact coal power producers the hardest with governments tightening environmental standards and introducing policies to drive renewable energy, Moody’s Investors Service said on Thursday. “For coal power producers, tariff schemes to compensate for lower dispatch volumes or strategies to diversify their energy mix away from coal power are increasingly important,” […]
India’s recent $36 billion-worth economic stimulus measures that aim to boost manufacturing and create more jobs present a potential upside to the country’s economic growth forecasts, Moody’s said in a report on Thursday. Only about a week ago, the global ratings agency had revised upwards its previous growth forecast for the South Asian nation. It had […]
India’s GDP will contract by 8.9% during the current April-March financial year instead of a previous forecast of 9.6%, according to Moody’s Investors Service. The ratings agency has also revised up the nation’s projected growth for the next financial year to 8.6% from a previous forecast of 8.1%. The global economic recovery over the coming year […]
Moody’s has changed the outlook for the global base metals industry to stable from negative, as demand has improved following the early recovery and reopening of the Chinese economy. The world’s No. 2 economy accounts for half of the world’s production of copper, aluminium and other base metals and remains an important consumer as well across the […]
Global demand for steel is picking up as pandemic-related lockdowns have eased and industries are resuming production, turning their outlook to stable from negative, says Moody’s Investors Service. “Demand for steel is improving on a resumption of production in important end markets and on stronger global economic data, particularly in China,” said Carol Cowan, a Moody’s […]
Natural gas production in India remains a loss-making proposition for most fields after the government cut gas price by a steep 25 per cent, rating agencies said. “The reduction in gas price to $ 1.79 per metric million British thermal unit (mmBtu) from USD 2.39 is credit negative for upstream companies such as Oil and Natural Gas Corporation […]
Demand for coal in major consumers India and China is expected to modestly recover from next year, following a drop this year due to the pandemic’s impact, according to a Moody’s report The ratings agency has kept a stable outlook for the global coal industry as it expects an improvement in demand and pricing benchmarks over the […]
Moody’s Investors Service has revised its prospects for the global oil exploration and production industry to stable from negative. Industry earnings will slowly rise over the next 12 to 18 months on the back of slightly higher oil prices, while natural gas producers will continue to benefit from the reduced supply. “We expect E&P sector […]
