
The OPEC group has been cutting supplies since late 2022 to support the oil market. Despite a fall in oil prices recently, the group remains “cautiously optimistic” about oil market dynamics for 2024.
Against this backdrop, energy services firm Halliburton Company (HAL) reported sound results for the third quarter (ended September 30), with its adjusted net income per share of $0.79 topping the expected $0.77.