Infill Thinking Lifting the O&G knowledge curve
The recovery in oilfield service (OFS) activity and pricing outside the US has been waiting in the wings for three years. Outside the US, there have only been a few international bright spots – non-US oilfield growth has been non-existent. Most countries’ oilfield service markets have been dragging bottom all year after hitting their nadirs over the past 12 months or so.
Brent in the $60-$65 range could change that, barring a reversion back into the $50s.
Will the most beaten up markets react first? Or will the downturn outperformers extend their lead? We aren’t exactly sure, but we do have some charts and thoughts to help you frame the outlook and relative country market expectations.
There’s a lot more to this story…
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