ADES counting on Saudis during crisis

ADES counting on Saudis during crisis

ADES International (ADES) has an advantage over other oil services companies in the current environment because its rigs in Saudi Arabia are its largest source of revenue. The Kingdom has recently increased oil production despite the oversupply scenario caused by Covid-19, with consultancy Rystad Energy forecasting a 28m barrel of oil per day (bopd) surplus this month. 

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