National Energy Services Reunited: A Great Stock Despite The Weak Outlook Of The Oil Market
2025-10-02 17:48:53 ET
The price of oil has plunged near its 4-year lows lately due to a weak outlook of the oil market. After maintaining deep production cuts in recent years, OPEC changed its strategy drastically in April and has begun to ramp-up its production aggressively. Consequently, there is a material surplus of oil in the global oil market, which is likely to increase further in the upcoming months. The resultant plunge of the price of oil is a strong headwind for most oil companies, including oil producers and most providers of oilfield services and technology....
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National Energy Services Reunited: A Great Stock Despite The Weak Outlook Of The Oil MarketNASDAQ: NESR
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