CRR - The Daily Drilling Report's Oilfield Almanac And Gazette: August Edition
Introduction
Oil has had a rocky road over the previous quarter, and extending into the present one. The extreme volatility is due primarily to a push and pull concerning the loss of significant quantities of Iranian oil from the market as sanctions begin to bite. In this article we recap our thoughts about this and some possible ramifications of the current unrest in Iran on oil prices and supplies.
We also track the price action of several oilfield service companies that makeup our oilfield portfolio. These have gone the opposite direction from the oil price