Frackers See Light At The End Of The Tunnel In Oil Markets

Frackers See Light At The End Of The Tunnel In Oil Markets

Recovering global oil demand and drilling activity has made oilfield services firms optimistic about the sector’s prospects not only in the immediate future but also in the medium term.  

Oilfield service providers reported second-quarter earnings that beat analyst forecasts. But more importantly, companies specializing in different segments—from fracking to offshore drilling—expressed confidence that the oil services industry now faces a solid recovery in the coming quarters and even years, despite the recent Delta variant surge.