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Oil Workers Aren’t Seeing Bigger Paychecks as Prices Surge

Corrected

Most oil workers around the world have yet to cash bigger paychecks despite the run up in crude prices, with many ready to leave the oil patch.

Less than a third of surveyed oilfield employees report receiving a pay bump in the past year, while another 21% said pay was actually cut. That’s according to the latest Global Energy Talent Index released by recruiting firms Airswift and Energy Jobline. The good news: A little more than half of those workers say they expect to get a boost in pay sometime in the next 12 months.