Middle East War Takes Toll on SLB, Oil Industry

Written by Daniel Graeber for IIR News Intelligence (Sugar Land, Texas)
SummaryRepresentatives from the energy sector told the Dallas Fed that conflict with Iran was making it difficult to make decisions. On Friday, SLB said it indeed was a challenging year so far.
Middle East Income SlumpsOilfield services firm SLB said Friday its quarterly performance was influenced heavily by the U.S.-Iranian war, and its U.S. operations were supported only by recent acquisitions."It was a challenging start t