Schlumberger joins Halliburton in calling oil cycle's bottom
The North American market has reached its lowest point in the second quarter and is poised for modest growth the rest of this year
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Washington
THE world's two largest providers of oilfield drilling and fracking services have now declared that the worst may be over in the two-year-old oil market crash.
Schlumberger said last Thursday that the oil industry appears to have reached the bottom of the cycle, echoing smaller rival Halliburton Co, which on Wednesday said that the North American market reached its lowest point in the second quarter and is poised for modest growth the rest of this year.
Share with us your feedback on BT's products and services
TRENDING NOW
Vietnam acts fast to shield firms, households from fuel price surge
Beijing’s calculated silence on the Iran war
S-E Asia tourism takes hit from Middle East crisis, but intra-regional travel could spell hope
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
