The Economist | The oil-services industry: Rigging the market

The Economist

The oil-services industry
Rigging the market
Business is set to boom for the firms that help oil companies get at their prize

WHEN the price of oil goes up, oil firms drill deeper. They also venture into harsher climes and seek out unconventional sources of oil and gas that, in happier times, would be too costly to extract. National oil companies (NOCs) often lack the skills to do any of this. The world’s big independent oil firms struggle, too. So they turn to the oil-services industry, which is set for a gusher of profits.

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Thanks and regardsRakesh
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