London Brent touched $68.03 in early trading in Tokyo on the 3rd of January as the prospects for the 2018 budget improves. On November 7 2017, the President had submitted an 8.61trillion naira appropriation bill to a joint session of the National assembly with a $45 oil benchmark. The budget estimates a 2.8trillion naira revenue […]
Category: Crude Oil
Fitch: BP, Total Have Rating Headroom if Scrip Dividends Ended
Both BP and Total have more headroom at their current rating than Shell.
We affirmed Shell at ‘AA-‘ with a Negative Outlook after its announcement, as the plan will slow its
deleveraging.