Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 23 : 26-Feb-16

Australian-listed oil and gas groups have been hard hit by the downturn in the crude oil price, and the majority have scaled back their short- and long-term oil price assumptions. Meanwhile, Fitch Ratings has slashed its 2016 "base case" price for Brent crude oil from $US45 a barrel to $US35, while its "stress case" forecast is just $US25 a barrel. There is general consensus in the industry that crude oil’s current price of around $US30 a barrel is unsustainable.

CORPORATES
FITCH RATINGS LIMITEDINTERNATIONAL ENERGY AGENCYBHP BILLITON LIMITED – ASX BHPWOODSIDE PETROLEUM LIMITED – ASX WPLSANTOS LIMITED – ASX STO