ShippingWatch

Oil price plunge may postpone drilling sector recovery

The low oil price following Monday's big plunge could mean that a recovery of the drilling sector is put on hold, says analyst firm Kepler Cheuvreux.

Photo: PR/Maersk Drilling

On Monday, plummeting oil prices contributed to sending Maersk Drilling and competitors on a steep decline on stock markets across the world.

The drilling rig sector has in recent years shown signs of recovery after having been under hefty pressure, but the low oil prices generate major uncertainty at both oil companies and rig suppliers, among others.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs