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Schlumberger Says It Expects No Impact From Tumble in Oil

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Schlumberger Ltd., the world’s largest oilfield services provider, said falling crude prices won’t have a significant impact on the business.

“Our view of the overall market continues to include a mix of economic and geopolitical headwinds and tailwinds,” Paal Kibsgaard, chief executive officer of the Houston- and Paris-based company, said in a statement today. Despite fears of “short-term over-supply” and a downward oil-demand revision, the company still expects a relatively balanced crude market, he said.