Moody’s expects prolonged depression in oil prices

Moody’s expects prolonged depression in oil prices

Business Moody's expects prolonged depression in oil prices. Moody's expects prolonged depression in oil prices. Comments Off on Moody's expects prolonged depression in oil prices. Moody's expects a continued depression in oil prices that will exacerbate pressures on oil exporters, despite recent increases in prices.. It also expects oil prices to remain below pre-coronavirus (COVID19) levels, as long-lasting changes to oil-intensive travel and transport have lowered oil demand for several years to come.. Sovereigns with greater policy flexibility and larger fiscal and foreign currency buffers are in a better position to weather a longer period of lower oil prices.. Those with already heightened liquidity pressures and very limited buffers, such as Bahrain (B2 stable), are most at risk..