Saudi Oil Inventories Reach Record High As Demand Wanes

Forty-eight years to the day after Smokey Robinson and the Miracles released ‘I Second that Emotion‘, and oil services company, Halliburton, is echoing this sentiment. Halliburton is the world’s second largest oil services company behind Schlumberger, and after Schlumberger released challenging results on Friday, Halliburton has seconded this emotion with a quarterly release showing similar challenges.Halliburton saw revenues dropping 36 percent versus the prior quarter, a similar result to Schlumberger’s 33 percent fall.…

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Saudi Oil Inventories Reach Record High As Demand Wanes

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