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 ...

Machinery Auctioneer Terry Dickerson is preparing for Tuesday's big auction where millions of dollars of oil field equipment will ... all of it blamed on the drop in the price of oil per barrel.