26.07.2016 - The oil price may have bottomed out – but there could be turbulence ahead
That’s it. We’ve seen the bottom for the oil market. At least, that’s what two of the biggest oilfield services companies in the world – Schlumberger and Halliburton – believe. “We now appear to have reached the bottom of the cycle”, said Schlumberger boss Paal Kibsgaard last week, presenting the second quarter results. Meanwhile, Halliburton boss David Lesar said: “Our customers are thinking about growing their businesses again, rather than being focused on survival.” Are they right?..............................................Full Article: Source
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