Credit Benchmark have released the May 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 have maintained positive credit balance for eight consecutive months. UK Oil & Gas return to positive credit balance this month. EU Oil & Gas have experienced recent instability in their collective credit balance.
US Oil & Gas: Net Improvement Trend Continues
US Oil & Gas firms maintain a positive credit balance for eight consecutive months.
US Oil & Gas CCI score this month is 50.2, a decrease from last month’s CCI of 53.5.
Latest US Crude Oil Production shows increases.
US natural gas futures are set for a weekly gain due to a decrease in output and projections of higher demand over the next two weeks.
UK Oil & Gas: Net Improvement Returns
UK Oil & Gas firms return to positive credit balance.
UK Oil & Gas CCI score this month is 51.0, a significant improvement from last month’s CCI of 44.2.
Latest UK Crude Oil Production shows decreases.
UK natural gas futures down 90% from last year’s peak.
EU Oil & Gas: Net Deterioration Short-lived
EU Oil & Gas firms show recent instability in their collective credit balance.
EU Oil & Gas CCI score this month is 54.8, a significant improvement from last month’s CCI of 48.9.
Latest Europe Crude Oil Production shows decreases.
Europe natural gas futures continue their decline.
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