Despite higher prices, debt levels continue to rise in many energy exporters. Now is no time for complacency.
- Although many energy-exporting countries have taken unprecedented steps to reduce their reliance on the oil and gas sector, dependence remains high. However, reform urgency is easing as price outlooks improve.
- Despite the strong policy trends toward decarbonization of the energy mix, rapidly growing populations and economies, especially in Asia, are expected to put upward pressure on oil and gas prices to 2025. Risks to the price outlook lean to the downside as the energy transition could occur faster than expected.
Read the full Atradius report here: Oil & Gas Exporters: debt continues to rise