Reported 4 days ago
Liberty Energy's CEO Ron Gusek stated that while U.S. steel tariffs imposed by President Trump may increase costs for some oilfield service components, the overall impact on earnings is expected to be modest. Although these tariffs could lead to higher expenses for oil producers, forcing them to adjust drilling activities, Gusek noted that current forecasts suggest only a slight increase in well completion costs. Liberty aims to manage rising costs by improving operational efficiency.
Source: YAHOO