Energy demand is witnessing a rapid recovery around the world from coronavirus-induced destruction. Even though the associated challenges have subsided due to multiple vaccine rollouts, the North American market is expected to witness tepid upstream growth, further marring the Zacks
Oil and Gas- Field Services
industry outlook.
Thankfully, the international market prospects for oilfield service providers have somewhat improved.
Schlumberger Limited
SLB
,
Oceaneering International, Inc.
OII
,
Ranger Energy Services, Inc.
RNGR
and
Nine Energy Service, Inc.
NINE
are among the frontrunners in the industry that are well placed to transcend the market woes.
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