Nearly 85,000 jobs In U.S. oilfield services lost to oil crisis

OILPRICE | Nearly 85,000 people in the U.S. oilfield services industry have lost their jobs due to the pandemic-driven oil price crash and demand destruction, Houston-based Petroleum Equipment and Services Association (PESA) said in a new analysis this week, warning that it is likely significantly underestimating the jobs losses in the sector.


According to PESA’s analysis of Bureau of Labor Statistics (BLS) data, 84,908 jobs in the oilfield services sector were lost between the start of the demand and oil price collapse until the end of May.


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