Fitch Ratings cut its 2024 gas price assumptions in March, due to weaker demand and ample supply expectations in the short term. Fitch also raised the 2026 Henry Hub assumption on the basis that US producers’ reduced capex will lead to lower production in the medium term. All other price assumptions remain unchanged. Price assumptions for 2027 have been added to the set. The report, “Global Corporates Macro and Sector Forecasts - March 2024”, is available here and the Fitch Wire “Fitch Ratings Cuts Short-Term Gas Price Assumptions, Oil Prices Unchanged” is available here. (full story)