Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 21 : 14-Jul-16

Brent crude oil was trading at around $US48 per barrel on 13 July 2016, but ratings agency Standard & Poor’s still expects it to average $US40 for the remainder of the calendar year. Meanwhile, Lawrence Hu of S&P has identified the potential for a sustained oversupply of oil as the biggest risk for oil and gas companies in the Asia-Pacific region. Both S&P and Moody’s expect the oil price to average $US45 in 2017.

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STANDARD AND POOR’S CORPORATION, MOODY’S INVESTORS SERVICE INCORPORATED, SANTOS LIMITED – ASX STO, ORIGIN ENERGY LIMITED – ASX ORG, WOODSIDE PETROLEUM LIMITED – ASX WPL, UBS HOLDINGS PTY LTD, CITIGROUP PTY LTD