Geopolitical instability and its effect on oil producers
The world prices of oil and gas have been on the rise on account of current production being insufficient at matching the rapid increase in demand amid the global reopening. Simultaneously, several large oil-consuming countries, including the United States, have blocked purchases of Russian hydrocarbons due to ongoing conflict between Ukraine and Russia. The Russian oil embargo is expected to drive oil prices higher as the large hydrocarbon supplier is effectively taken off of the market. Oil and gas field service companies such as Halliburton Company (Halliburton) are slated to benefit as drilling activity rises and demand for hydrocarbon products and services heats up.
COVID|StructuralIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
Lorem Ipsum text header Report Title
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas non leo lacinia, consectetur ipsum non, pretium augue. Vestibulum accumsan dignissim massa, eu scelerisque mi malesuada ut. Aliquam scelerisque facilisis nisl ac varius. Nunc luctus nunc vel eros iaculis, vitae tristique ante fringilla. Ut vitae vulputate est, vel lacinia nisi. Curabitur eget nulla vitae mi faucibus imperdiet. Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.
Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.