16
Apr
01:00
Lower oil & gas drilling utilisation to continue through 2015, rig scrapping to rise: Fitch
Lower utilisation rates will continue to negatively affect offshore and onshore drilling companies throughout 2015. This is due to US-shale-driven higher global supply, tepid demand and lack of OPEC price support lead to a slow oil & gas market recovery, according to Fitch.
The sharp cut back in spending by oil & gas companies has been weighted more towards onshore, but offshore may increasingly share this trend if prices remain depressed. “Fit…
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Anonymous
Very good overview of the weekly steel market.
Anonymous