What Recession? The U.S. Oil Industry Won’t Stop Growing ...Middle East

In Europe, fears of a potentially deep recession continue to take hold. Meanwhile, these fears seem to have subsided in North America—at least in the oil industry. Instead, it's back to growth mode for the shale patch and the oil sands. This is according to Schlumberger, whose chief executive said this week that activity in the North American oil industry was growing faster than expected, with companies' biggest worry no longer the possibility of the economy sliding into a recession but the supply of enough equipment. The equipment security…

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Last updated : 08 September 2022 clock 07:12 PM

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What Recession? The U.S. Oil Industry Won’t Stop Growing ...Middle East

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