Moody's credit rating agency stated that oil prices will remain above the midpoint of its medium-term forecast range of $50-70 per barrel. It added that the outlook for the global oil and gas industry is stable over the next 12 to 18 months. The agency noted that high oil prices in 2022 will support strong cash flow for the industry, but producers will maintain capital discipline.
Moody's Oil Price Forecasts
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