Liberty Oilfield posts quarterly loss as oil rout hurts demand for servicesNews
(Reuters) – Liberty Oilfield Services LBRT.N on Tuesday announced a weaker-than-expected quarterly loss and forecast sequential growth in active frac fleets, with producers restoring oil volumes, driven by higher prices. Fracking fleets refer to the equipment, labor, vehicles and materials required for hydraulic fracturing. Oil producers drilled fewer wells following the collapse in crude oil […]