What’s In Store For Oilfield Service Companies In 2023?
We have seen a wide range in oil prices during 2022. From the start of the year, when West Texas Intermediate-WTI, was trading in the upper $ ’60s, to late March, where it topped $130 per barrel. In the last six weeks, there has been a collapse of this closely watched commodity benchmark, with WTI briefly trading below $70. This has also resulted in the stock price of Oilfield Service Companies-OSV, fluctuating in response to advances and declines in WTI. Some companies have appeared to be more resilient in market sell-offs, retaining more…For any feedback or comments, send us an email on hello@newswire.ae
