Singapore, August 18, 2015 -- Moody's Investors Service says that PTT Public Company Limited's (PTT, Baa1 stable) earnings in 2H will weaken from their 1H levels, given a further decline in upstream EBITDA as we expect Brent crude prices to average $52 per barrel (bbl) in 2H, down from $57/bbl in 1H; and weaker downstream refining margins as supply increases.
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