Oilfield-services worker wages rose for a third straight month in May, reaching a fresh record as the Iran war lifted crude prices and firms increased drilling activity. The wage growth suggests higher operating costs even as demand improves from the drilling uptick, putting a slight caution on margins.
Oilfield-services worker wages rose for a third straight month in May, reaching a fresh record as the Iran war lifted crude prices and firms increased drilling activity. The wage growth suggests higher operating costs even as demand improves from the drilling uptick, putting a slight caution on margins.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.15
