Americas: Production

March 2016

Healthy storage levels, weak weather-related demand and low prices are all discouraging production in the US and Canada.

The continuing global oil price slump is denting the finances of oil and gas producers and increasing market pessimism. Ratings agency Moody’s added to the pain in March by saying that US oil and gas companies are finding it harder than ever to find the cash to run their business. The agency downgraded its ratings for 19 energy companies last month, 17 of which were exploration and production firms. It expects the rate of defaults to rise during 2016.

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Log me in

Not a subscriber?

Sign up for 7-day trial access to this and more premium content. It's free.

Sign up now