Top Oilfield Service Providers See Multi-Year Recovery Ahead ...Middle East

The three largest oilfield services providers in the world expect the vaccine-driven recovery in global oil demand to continue through the coming quarters and lead to the next upcycle in demand for oil drilling and completions. Halliburton Company (NYSE: HAL), which generates the largest share of its revenues from North America, was the first to report last week its Q2 financials and give an estimate about the industry going forward. Improved North American and international markets for drilling, completion, and production helped Halliburton book…

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