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E&Ps to Repeat Capital Discipline Mantra in 2Q Results, but OFS May Signal Price Increases
Look for North America’s oil and natural gas producers to keep the capital discipline message going when second quarter results roll out, with oilfield services (OFS) operators alerting customers that equipment and supply prices are going to increase.
Three of the world’s top OFS companies kick off quarterly results in the coming days, with the exploration and production (E&P) companies to follow in the weeks ahead. Halliburton Co. is set to unveil its results on Tuesday, followed by Baker Hughes Co. on Wednesday and Schlumberger Ltd. closing out the week. In between, other operators will share their results, including midstreamer Kinder Morgan Inc. on Wednesday.
China Market rebounds on bargain hunting business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Read more about China Stocks gain on inflation data on Business Standard. At closing bell, the benchmark Shanghai Composite Index advanced 0.32%, or 11.29 points, to 3,591.40. The Shenzhen Composite Index, which tracks stocks on China s second exchange, added 0.14%, or 3.41 points, to 2,396.54. The blue-chip CSI300 index
Read more about China Stocks rise on stamp duty reduction proposal on Business Standard. However, market gains capped amid Sino-US tension after U.S. President Joe Biden signed an executive order on Thursday that bans U.S. entities from investing in dozens of Chinese companies with alleged ties to defence or surveillance technology