welcome
Reuters

Reuters

Business

Business & Economics

US oilfield firms face pricing squeeze as fracking demand slumps

Reuters
Summary
Nutrition label

79% Informative

U.S. oilfield services firms face weaker pricing and revenue this year as oil producers become increasingly efficient.

The number of active frac fleets totaled 183 in the week to Jan. 23 , its lowest since March 2021 .

Land rig day rates are set to end the year at their lowest level since the second quarter of 2022 .

VR Score

90

Informative language

96

Neutral language

64

Article tone

formal

Language

English

Language complexity

45

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links

Small business owner?

Otherweb launches Autoblogger—a revolutionary way to bring more leads to any small business, using the power of AI.