--> KUALA LUMPUR, March 17 (Bernama) -- Moody's Investors Service sees a negative outlook for the Asia Pacific's exploration and production (E&P), refining and marketing (R&M) as well as petrochemical sectors over the next 12 to 18 months.
It said the precipitous fall in energy prices has hit margins and cash flow at E&P issuers, while rapidly falling demand has squeezed profits at R&M and petrochemical issuers, which held higher-cost inventories and faced new capacity coming onstream. Moody said this in its report, "Asia-Pacific (ex Japan) Oil, Gas, and Petrochemical Sectors: Falling oil prices, weak demand, and new capacity weigh on industry players".
Full Story: Moody's Sees Negative Outlooks For Asia Oil & Gas, Petrochemicals - Bernama
It said the precipitous fall in energy prices has hit margins and cash flow at E&P issuers, while rapidly falling demand has squeezed profits at R&M and petrochemical issuers, which held higher-cost inventories and faced new capacity coming onstream. Moody said this in its report, "Asia-Pacific (ex Japan) Oil, Gas, and Petrochemical Sectors: Falling oil prices, weak demand, and new capacity weigh on industry players".
Full Story: Moody's Sees Negative Outlooks For Asia Oil & Gas, Petrochemicals - Bernama
