Oilfield spending to fall 21% as producers slash outlays -report
Global spending on oilfield equipment
and services this year will fall 21% from 2019 to $211 billion,
the lowest level since 2005, according to a report to be
released on Wednesday by consultancy Spears & Associates, as oil
and gas producers slash spending.
and services this year will fall 21% from 2019 to $211 billion,
the lowest level since 2005, according to a report to be
released on Wednesday by consultancy Spears & Associates, as oil
and gas producers slash spending.
Posted by Reuters
