Denver — Oilfield services firm Halliburton on Monday said the world was headed for a period of oil scarcity following years of underinvestment in fossil fuel development.
“I think that for the first time, in a long time, we will see a buyer looking for a barrel of oil, as opposed to a barrel of oil looking for a buyer,” Halliburton Chief Executive Officer Jeff Miller said at an oil and gas conference in Houston.
- Reuters
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