Gulf states immune to price slide

WHILE the US rig scene continues to follow the decline of the 2008-2009 oil price crash, rig operators where the mess started are having a ball after the Saudi Arabia-led OPEC decided not to cut production in November.

Katy Smith, London-based researcher at Douglas Westwood, said the impact of the oil price downturn on the international market was expected to be less severe than expected by the North American market

loader