Powered by lexis nexis

Schlumberger sees oil recovery

Jul 21, 2018 - The Daily Telegraph (London)

Schlumberger said a recovery in international oil markets had "finally started" as it unveiled an 11.2pc rise in quarterly revenues to $8.3bn (£6.3bn), and forecast double-digit growth next year. The US oilfield services giant, seen as a bellwether for the industry, has already benefited from a rebound in US shale, and said international markets were following suit.