IEA: With OPEC production rising, the toughest times in the oil market are behind us.

date
24/01/2026
Driven by accelerated business in the Middle East and other core regions, as well as rapid expansion of data center business, Schlumberger has raised its dividend and exceeded earnings expectations in the fourth quarter. The company's CEO, Olivier Le Peuch, stated that the worst period for the global oil market may have already passed, and he predicts that drilling activity in major regions, including OPEC countries, will gradually recover.