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Oil and gas outlook is broadly stable: S&P

S&P’s latest Global Ratings for the oil and gas sector is broadly stable, though the oil field services sector won’t recover in tandem with the oil price rise, which is pegging at around $55 per barrel for Brent-quality crude by 2021.

Oil and gas outlook is broadly stable: S&P

Development is up again, with a rig count now 9% higher than the low point of the cycle but greenfield developments will be few and there will be less investment in higher cost deep water offshore...

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