Credit Benchmark have released the June Credit Consensus Indicators (CCIs). The CCI is an index of forward-looking credit opinions for US, UK & EU Oil & Gas based on the consensus views of over 20,000 credit analysts at 40+ of the world’s leading financial institutions.
Drawn from more than 950,000 contributed credit observations, the CCI tracks the total number of upgrades and downgrades made each month by credit analysts to chart the long-term trend in analyst sentiment for Oil & Gas. A monthly CCI score of 50 indicates neutral credit quality, with an equal number of upgrades and downgrades made over the course of a month. Scores above 50 indicate that credit quality is improving. Scores below 50 indicate that credit quality is deteriorating.
US Oil & Gas end their run of eight consecutive months of positive credit outlook. UK Oil & Gas return to negative credit outlook. EU Oil & Gas show recent instability in their collective credit balance.
US Oil & Gas: Net Improvement Trend Ends
US Oil & Gas firms end their run of eight consecutive months of positive credit outlook.
US Oil & Gas CCI score this month is 49.8, a slight decrease from last month’s CCI of 50.2.
Latest US Crude Oil Production shows increases; US natural gas futures fall after weather kept demand for the fuel low.
UK Oil & Gas: Net Improvement Short-lived
UK Oil & Gas firms return to negative credit outlook.
UK Oil & Gas CCI score this month is 48.1, a decrease from last month’s CCI of 51.0.
Latest UK Crude Oil Production shows increases; UK natural gas futures fall, as investors evaluate the balance between reduced demand and potential supply risks.
EU Oil & Gas: Net Deterioration Returns
EU Oil & Gas firms show recent instability in their collective credit balance.
EU Oil & Gas CCI score this month is 44.1, a significant decrease from last month’s CCI of 54.7.
Latest Europe Crude Oil Production shows increases; Europe natural gas futures fall after recent rally.
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