Oil Analyst Sen Sees Rising Risk as SPR Impact Fades The global oil industry is on pace to repeat or even surpass the heady days of 2008 when crude ascended to dizzying heights and drilling profits soared, according to the world’s biggest oilfield contractor. In the sector’s most bullish forecast yet, Schlumberger told investors and analysts Friday that the widespread disarray set off by Russia’s invasion of Ukraine is creating growth opportunities last seen during the so-called supercycle of 14 years ago. Exploration companies are now expanding the search for crude from onshore shale fields to the deep seas, spurred at least in part by a widespread aversion to Russia’s oil since it went to war in late February, Chief Executive Officer Olivier Le Peuch said during a conference call. “The combination of these effects creates an exceptional sequence for our sector, likely resulting in a cycle of higher […]