Fitch Ratings has a neutral outlook on the Asia-Pacific oil & gas sector. We expect the high crude oil prices (USD70/barrel (bbl); 2021: USD71/ bbl) to support the financial profiles of most companies, despite their large investments. However, emergence of new coronavirus variant(s) may impact demand and translate into high price volatility in the near .
Fitch Ratings has a neutral outlook on the Asia-Pacific oil & gas sector. We expect the high crude oil prices (USD70/barrel (bbl); 2021: USD71/ bbl) to support the financial profiles of most companies, despite their large investments. However, emergence of new coronavirus variant(s) may impact demand and translate into high price volatility in the near .