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BRIEF-Moody's forecasts continued tepid prices for global oil and gas industry in 2017
January 3, 2017 / 10:27 AM / 9 months ago

BRIEF-Moody's forecasts continued tepid prices for global oil and gas industry in 2017

Jan 3 (Reuters) - Moody‘s:

* Global oil and gas industry to see continued tepid prices, belt-tightening in 2017

* “Oil prices likely will remain volatile and range-bound in the coming year”

* Oil and gas industry will see increased merger & acquisition activity in both the North American E&P and midstream sectors in 2017

* Under Trump administration, U.S. energy policy likely to prioritize domestic oil, coal production, reduce federal regulatory burdens

* Though funding risk has declined somewhat for Latin America's national oil companies, it will "remain an issue for years to come" Source text - (bit.ly/2itYBm2)

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