Fitch

Mexico Facing Supply Shortfalls if U.S. Ramps Up LNG Exports, Fitch Says

Mexico Facing Supply Shortfalls if U.S. Ramps Up LNG Exports, Fitch Says

Mexico’s energy system relies heavily on U.S. natural gas and this could lead to price increases and supply shortfalls if the United States focuses more on the liquefied natural gas (LNG) export market, according to analysts at Fitch Ratings Inc. If the U.S. increases gas exports to Europe as a result of Russia’s invasion of…

March 24, 2022
Fitch Raises Henry Hub, Euro Natural Gas Price Assumptions on Resurgent Demand, Supply Challenges

Fitch Raises Henry Hub, Euro Natural Gas Price Assumptions on Resurgent Demand, Supply Challenges

Fitch Ratings Inc. has substantially raised its Henry Hub and European natural gas price assumptions through 2022, citing “strong year-to-date prices, recovering demand and supply challenges.” “U.S. gas prices have…benefited from heightened weather-driven demand, as well as U.S. dry and associated gas production discipline,” the credit ratings analysts said, adding that liquefied natural gas (LNG)…

September 2, 2021

Saudi May Hold Out Up To 2 Years in Price War, Fitch Analyst Says

With the Organization of the Petroleum Exporting Countries (OPEC)-plus alliance having failed to reach an agreement earlier this month to extend production cuts and boost prices, the Saudi-led cartel and former oil ally Russia are entrenched in a battle to see which one can hold out longer in an oversupplied global market, Fitch Solutions Inc. analysts said Thursday.

March 20, 2020

Fitch Reduces NBP Price Assumptions on Europe’s LNG Supply Glut, Slowing Global Growth

Fitch Ratings has revised lower natural gas price assumptions for 2019-2021 for the National Balancing Point (NBP) because of a liquefied natural gas (LNG) supply glut in Europe and slower global economic growth.

September 30, 2019
Fitch Forecasts Pemex Oil, NatGas Output to Fall for Up to Five Years

Fitch Forecasts Pemex Oil, NatGas Output to Fall for Up to Five Years

Fitch Ratings last week lowered by two notches the long-term foreign and local-currency issuer default ratings (IDRs) for Mexican national oil company Petróleos Mexicanos (Pemex) to ”BBB-’ from ”BBB+’, and downgraded Pemex’s national long-term ratings to ”AA (mex)’ from ”AAA (mex)’, with a negative rating outlook.

February 4, 2019
Pemex Gets Dinged by Rating Agencies Ahead of López Obrador Taking Office

Pemex Gets Dinged by Rating Agencies Ahead of López Obrador Taking Office

Fitch Ratings has revised its outlook for the international issuer default ratings (IDR) of Mexico’s national oil company Petróleos Mexicanos (Pemex) to negative from stable, because of concerns about its direction once the new administration takes office Dec. 1.

October 24, 2018

North American E&P, OFS Economics Improve but Still Price Uncertainty, Says Fitch

North American energy markets remain negative, reflecting the lingering challenges in the exploration and oilfield services sectors, according to Fitch Ratings.

November 29, 2016

Taxes Bleeding Mexico’s Pemex Dry, Fitch Says

The Mexican government is taxing Petroleos Mexicanos (Pemex) to death, and a recently adopted support package to prop up Pemex is not enough, Fitch Ratings said in a note last week.

October 26, 2016
Fitch Sees ‘Modest’ Price Support From Associated Gas Declines

Fitch Sees ‘Modest’ Price Support From Associated Gas Declines

The pullback from oil drilling has dropped associated natural gas production and provided “modest support” to domestic gas prices, Fitch Ratings said Wednesday. But the near-term price outlook is better for oil than natural gas, it said.

August 18, 2016

Fitch Says Utilities Embracing MLPs For Natural Gas Infrastructure

Utilities in the United States are trending toward using master limited partnerships (MLP) as a vehicle to increase investment in natural gas infrastructure, according to Fitch Ratings Inc.

July 12, 2016
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