MARKETS

Oilfield services not out of woods

OIL prices may be rising and investment with it but Westwood says the oilfield services sector is not out of the woods yet, revising down its global spend forecast out to 2021 - which could actually support oil prices.

Oilfield services not out of woods

The firm tempered drilling growth expectations in the US onshore space in the last three months, resulting in a 0.6% reduction in its forecast of North America's spend this quarter, though conversely...

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