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How Are Falling Oil Prices Impacting the Condition Monitoring Market?—Bracing for an Uncertain Future

We've all heard the horror stories: oil prices declining by 70%, capital expenditure (CAPEX) declining by 25-50%, rig count declining by 80%. Globally, the oil and gas industry is reeling, with oil prices breaching the $30 per barrel mark.
We've all heard the horror stories: oil prices declining by 70%, capital expenditure (CAPEX) declining by 25-50%, rig count declining by 80%. Globally, the oil and gas industry is… https://ww2.frost.com/frost-perspectives/how-are-falling-oil-prices-impacting-condition-monitoring-marketbracing-uncertain-future/