Oil prices not expected to recover in 2016

There will be no recovery in oil prices in 2016. That’s according to US statistics firm Fitch Ratings. It also predicts gas prices in Europe will remain low until oil prices start to pick up in 2017. The report states: “Progressive taxation has helped companies ease the impact of low prices but Russia’s mineral extraction […]

Shell deal for BG could spark new takeovers

The deal by Shell to buy BG Group could set off a series of takeovers in the oil and gas sector. Market analysts Fitch Ratings made the prediction in light of the reaction of the financial markets and the fact the deal shows a huge company like Shell, has confidence in the sector in a […]

EU say Goodbye Putin? “Little chance” on the gas front

For all its talk of breaking away from Russian gas the European Union has “little chance” of cutting its reliance, reckons the ratings agency Fitch. The analysis suggests EU bigwigs’ recent comments about energy security is grandstanding. Europe may be able to avoid significantly increasing its gas purchases from Russia “at best”, according to a Fitch report […]