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S&P cuts its 2019-20 Brent/WTI price forecastS&P Global Ratings has lowered its average annual price assumptions for Brent and West Texas Intermediate (WTI) crude oil for 2019 by $10 per barrel (bbl) to $55/bbl and $50/bbl respectively, and for 2020 by $5/bbl to $55/bbl and $50/bbl. More… |
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Global economic slowdown in 2019 a healthy necessityGlobal economic growth is likely to slow down this year led by the US and China, a development that is both necessary and healthy, according to a report released today by S&P Global Ratings, titled " Global Economic Outlook 2019: Autumn More… |
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S&P Global affirms stable outlook for Abu DhabiS&P Global Ratings (S&P) has affirmed its 'AA/A-1+' long- and short-term foreign and local currency sovereign credit ratings on Abu Dhabi, a member of the United Arab Emirates. The outlook is stable. At the same ti More… |
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Big oil production growing ‘despite capex cuts’Despite cutting capital expenditure aggressively since 2014, concerns that the big oil companies would suffer from underinvesting have proved unfounded, said S&P Global Ratings in a new report. At some companies, proved report More… |
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GCC opening up to major solar energy projects: S&PThe GCC region is opening up to major solar projects, taking advantage of its sunny climate and large tracts of available land, said S&P Global Ratings, a leader in financial research and analysis. Most of the GCC countries--B More… |
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VAT to hurt UAE insurers’ performance in 2018: S&PThe newly introduced VAT in the United Arab Emirates will hurt the operating profits of almost all insurers this year, said leading financial information and analytics provider S&P Global in its latest RatingsDirect report. Th More… |
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Saudi currency sovereign ratings get stable outlookS&P Global has affirmed 'A-/A-2' long- and short-term foreign and local currency sovereign ratings on Saudi Arabia and has given the kingdom a stable outlook. The outlook is based on expectati More… |
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S&P Global downgrades Qatar's credit ratingS&P Global, the international ratings agency, reduced Qatar’s credit rating to AA- from AA on Wednesday in the latest fallout from the decision by a group of Middle Eastern countries to cut diplomatic and trade ties, media reports said More… |
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Global steel demand to hit 1.5bn tonnes in 2017Global steel demand will grow by 1.3 per cent to more than 1.5 billion tonnes in 2017, and increase by 0.9 per cent to a little over 1.548 billion tonnes in 2018, said a report. China will likely see flat demand this year, followe More… |
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Global steel demand to hit 1.5bn tonnes in 2017Global steel demand will grow by 1.3 per cent to more than 1.5 billion tonnes in 2017, and increase by 0.9 per cent to a little over 1.548 billion tonnes in 2018, said a report. China will likely see flat demand this year, followe More… |
