Global oil&gas industry to see modest rebound in 2017: Moody's
"Outlook is stable for integrated oil and gas companies as their Ebitda will rise by about 5%, buoyed by stabilizing capex and a substantial re-alignment of cost structures," Moody's said in a note issued from New York.
Global oil and gas industry will continue to be plagued by the weight of high debt levels next year despite the Opec offer to lower production from January. Photo: Reuters