Trump’s sweeping tariffs and China’s retaliation triggered a sharp drop in oil prices. The oilfield services sector is particularly vulnerable, facing reduced demand and profit margins due to ...

Even after oil prices recovered from the 2015-2016 lows and exploration and production companies returned to drill more, oilfield services ... an expected 10-percent drop in E&P investments ...

Further weakness in oil prices, particularly a sustained drop below $60 per barrel, and continued tariffs-related uncertainty could lead to a 20% contraction in domestic oilfield activity from ...