The document provides an analysis of the global oil and gas market outlook for 2018 and beyond. It discusses the expected rebalancing of the oil market, potential oversupply due to increased US onshore production, and the impact of OPEC's production quotas. The document also covers the US natural gas market, highlighting the importance of a normal winter to absorb production surges. Additionally, it examines the transition of the HY E&P sector towards a 'normal' sector with a focus on cash flow models and asset quality as key differentiators for E&P credits.
doj/DataSet10/EFTA01385319.pdf
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