New Reports Confirm Market Strain

The oil market continues to wind itself through a period of oversupply and battles over global market share, with no short-term solution apparently in sight. Few analysts see an imminent sectorwide upstream recovery, and operators and the service sector seem to agree. The ramifications of the steep drop in prices since last year continue to make almost daily headlines.

New Reports Confirm Market Strain

John Donnelly, JPT Editor

01 August 2015

Volume: 67 | Issue: 8