S&P Global Ratings lowered its 2020 price assumptions for Brent to $40/b and WTI to $35/b and warned of possible rating actions for some producers, particularly in North America, in the aftermath of Monday’s oil price crash. Now The agency, whose previous estimates were $60/b for Brent and $55/b for WTI, said producers may not weather the current downturn as well as they did in 2015-2016. It will be conducting reviews on all investment-grade and high-yield exploration and production companies and oilfield services companies in the coming weeks. “Producers, particularly those in North America, are under tremendous pressure by investors to limit spending, maintain positive free cash flow, and enhance […]