Moderate oil prices decrease aviation credit risk, Scope research suggests

Growth in global oil demand is expected to slow, new research from Scope suggests. The report expects Brent crude to average between $60 and $70 per barrel for the second half and for full-year 2019. “Supply will increase if oil prices increase, and this will put pressure on oil prices, thereby providing a natural cap, even if this enhances volatility and can lead to higher oil prices over shorter time periods,” said Marlen Shokhitbayev, associate director of Scope. The report suggests that the oil price increases of the past two years should be manageable for airlines that have good control