A market research report coming out this week by Markets and Markets says the general category of Oilfield Services companies will climb to $291.8 billion by 2019, with a compounded annual growth rate of 11.9 percent.
This report classifies “oilfield services” as: pressure pumping, OCTG, wireline services, drilling and completion fluids, well intervention, completion equipment, and others. The largest sectors within this are pressure pumping services, which accounted for about 37% of the market share of the total oilfield services market last year, followed by OCTG with 26 percent.
The Last Cheap Investment
This week, our Crisis and Opportunity newsletter takes a look at an international situation that warrants your attention, while most American investors have their eyes trained on Russia and Ukraine. This week, our radar picked up a lot of action in emerging market ETFs, and you should take note.