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The credit rating agency slashed its price assumption for Brent crude, the international benchmark, to $43 a barrel from $53.
This estimate, according to OPEC, "reflects greater efficiency improvements due in part to the higher oil price assumption".
She likes the energy sector because she thinks the $19.50-per-barrel oil price assumption built into earnings forecasts is about $2.50 too low.
It is not claimed that the presented example of an input variable (the natural gas price assumption) is the most important assumption of an energy system model.
The predictive density on the ordinate shows where with respect to the BMA model chosen natural gas price assumption should be settled given the influences.
However, the aim of this case study is not deriving a general statement regarding the uncertainty of a natural gas price assumption.
Similar(50)
It said: We have revised forecasts following the recent first quarter production reports and changes to our commodity price assumptions.
"By raising the oil price assumptions, by definition, Russia would have higher growth," said Peter Westin, senior economist at Aton Capital.
As we downgrade iron ore and coking coal price assumptions for 2013-14, wexpectct a large portion of Evraz's mining operations to become loss-making in 2013.
This view is based on the downside risks to Shell's oil price assumptions plus the tax and operational risks surrounding BG's Brazilian asset base.
However it is clear from the report the main issue S&P has with the revenue outlook was the budget's iron ore price assumptions.
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