Oil Services: Extreme Pain

JPMorgan’s Sean Meakim argues that there won’t be a recovery for oil-services companies until 2018. They explain: Agence France-Presse/Getty Images In our initiation in May, our scenario analysis included a bearish scenario in which persistent U.S. shale oil production, continued OPEC strength, and incremental barrels from Iraq and Iran, coupled with demand undershooting expectations, could […]

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