Credit rating agency Standard and Poor’s has slashed its oil and gas price forecasts and warned that it could downgrade firms across the two sectors in the next couple of months. In a report published on Tuesday, S&P said it had cut its 2016 Brent and U.S. crude forecasts to $40 a barrel from previous respective projections of $55 and $50. It also lowered its 2017 forecast to $45 a barrel from $65 and $60 respectively and to $50 a barrel for 2018 and beyond from $70 and $65. Benchmark Henry Hub gas prices were cut to $3 per million British thermal units this year, 3.25 in 2017 and 3.5 in 2018. “We expect to conclude our reviews of the E&P […]