Oil suppliers can once again raise prices

After several years of declining activity levels, analyst firm Rystad Energy notes that oil industry suppliers are again raising prices. Consolidation plays a major role.

Photo: /ritzau/AP/Mark J. Terill

It has taken years for the oil industry's supply chain to get to a level where they can again charge higher rates from oil companies.

Since late 2014, when the price of oil collapsed, activity levels have stalled in several parts of the offshore sector. In step with surging oil company investments, there are signs of oil service operators once again being able to increase their prices, assesses analyst firm Rystad Energy.

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