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Moody's lowers outlook on global oil and gas industry due to weaker profit growth

The international rating agency Moody's Investor Service has changed the forecast for the global oil and gas industry for 2018 from "positive" to "stable" due to the expected slowdown in profit growth.

The agency also expects further stabilization of the fundamental conditions in this sector, as the companies have reduced capital investment and production costs amid low oil prices.

Moody's noted the measures being taken by companies to improve the profitability of investments and predicts that companies will accelerate the alienation of assets when oil prices reach about $50 per barrel.


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