Oilfield giants SLB and Halliburton expect crude prices to stay high for an extended period.

SLB and Halliburton, two leading oilfield services companies, have stated that crude oil prices are likely to remain elevated for a prolonged time. This outlook suggests continued high costs for gasoline and other crude-derived products, impacting consumers and industries reliant on oil. Their forecast contrasts with hopes for a quick return to pre-Iran war price levels, indicating sustained market tightness and geopolitical risks. Investors and consumers should prepare for ongoing higher energy expenses in the near future.