From Yahoo Finance: 2025-04-17 12:41:00

Next week’s earnings reports from top oilfield services companies will reveal the impact of U.S. tariffs and falling oil prices. Brent crude has dropped from $80.15 to $66.65 a barrel, affecting spending in U.S. shale. Analysts warn of a 20% decline in oilfield activity if prices fall below $60. Steel and aluminum tariffs also pose challenges for the industry. Halliburton, Baker Hughes, and SLB will report earnings soon, with expectations revised downward for 2024. Baker Hughes reported a significant drop in U.S. oil and gas rig count. Investors are eager for clarity amidst uncertain market conditions.



Read more at Yahoo Finance: US oilfield services firms brace for earnings as tariffs cloud outlook