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Moody's: Earnings slowdown to keep global oil & gas sector outlook stable into 2019

An expected reduction in the pace of earnings growth will keep the outlook on the global integrated oil and gas industry stable into 2019, says Moody's Investors Service in a report published today. The slowdown follows a 29% jump in sector EBITDA in H1 2018 on higher oil prices. "Our stable outlook on the global oil and gas sector reflects a likely decline in earnings growth to mid-single digits next year based on our oil price assumption of $69 per barrel in 2018 and $60 in 2019," says Sven Reinke, Senior Vice President at Moody's.