The long-term effects of Hurricanes Katrina and Rita remain uncertain for the U.S. energy industry as companies continue to rebuild lost and damaged infrastructure, according to a recently published Fitch Rating article. Natural gas and crude prices remain at historically high levels amid rising inventories. This is posing significant questions for the industry regarding global economic effects of high energy prices and consumer reaction.
The article is featured in the latest edition of Fitch Ratings' "Oil & Gas Insights," a quarterly newsletter discussing key trends and issues affecting the global energy sector. Also included in this edition are updates on the U.S. upstream oil and natural gas markets, the refining sector, and the drilling/services sectors. An updated list of issuers and their respective ratings is also included.
The full "Oil & Gas Insights" newsletter is available on the Fitch Ratings web site at www.fitchratings.com.