Halliburton CEO Jeff Miller reports that the U.S. oil sector has entered the "early innings" of a sustained rebound. Driven by geopolitical instability and disruptions near the Strait of Hormuz, countries are increasingly prioritizing energy security by expanding domestic production and sourcing from regions including South America and Africa. Miller anticipates this shift toward diversified supply will drive drilling and fracking activity for several years, regardless of immediate diplomatic outcomes in the Middle East. Read the full story at Fortune (subscription).
Source · Fortune
