---
title: "SLB sees oil prices staying elevated even after Strait of Hormuz reopens"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284260829.md"
description: "SLB predicts that oil and gas prices will stay elevated above pre-conflict levels even after the Strait of Hormuz reopens. Market strategist Peter Boockvar referenced SLB's recent earnings call, emphasizing the company's outlook on future pricing in the oil market."
datetime: "2026-04-27T19:25:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284260829.md)
  - [en](https://longbridge.com/en/news/284260829.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284260829.md)
---

# SLB sees oil prices staying elevated even after Strait of Hormuz reopens

Oil (USO) (BNO) and gas (UNG) prices are likely to remain above pre-conflict levels even after hostilities in the Middle East end and the Strait of Hormuz fully reopens, according to oilfield services giant SLB (SLB). Peter Boockvar, a market strategist at One Point BFG Wealth Partners, highlighted the company’s recent earnings call commentary as e...

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