Oil price is recovering now!!!!!
Will it be wise for HR to pause layoffs for a few weeks?
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Crude has recovered-you must be a mo–n s—ing Kool Aid drinker 🍷 & taking it out of a Fire Hose; what are you a SLB Drone 🙈😂
SLB just announced it was laying off this month & next. Also closing down 2 locations in Texas.
Oil dropped over a dollar today!! Time for more layoffs!!! AAAAGGGHHHHHH!!!!
But on a serious note; the oilfields will not see an upswing in work, production, and retention/hiring for many months, probably not until close to the end of the year. The refineries need to either start back up, or play catch up for a couple of months atleast, and then the oil companies will use off as much of the floating oil there is right now to help alleviate the high prices they are paying for the ships. Once our glut is under control then we will see normal production start to come back to “normal”. But even then it’s a gamble because most companies and operators have lost millions, if not billions, in this time, and banks and creditors will be more leery to extend money for them to return to their previous levels of money and production.
there's the relatively-stable oil price that companies model their business on, and there's the more-volatile near-future oil prices traded on the commodities market.
that second one is subject to temporary issues of storage shock and other irregularities that causes headline, like the recent ones saying "oil price is negative".
both prices, however, are f—ed. companies don't revise their capital expenditures upwards, overnight. wells don't come back online because 2 banks' swapping contracts resulted in a 5% improvement of traded price. that means your ofs crew chief isn't calling you back tomorrow to run a new job.
this fire hasn't turned to smolder yet. it's going to be more painful for longer.
Crude has recovered!!! It’s up to $25 a barrel!!!
You sound like one of the dimwits who write glowing comments after articles on the home page and your utter stupidity, lack of economic information and obvious oblivion of the world news of the last five years is the reason Schlumberger lost $20bn in six months........ or you could just be desperate...... or you could be PK trying to justify his consultant's mega salary.
Get laid, get severance, unemployment, and start back in January. You'll make the same amount as working.
We've been waiting for the oil price to recover for 5 years now really, and instead of recovering it just got much much worse.