Halliburton to Retire Some Gear Amid Weakening Oilfield Demand

Halliburton Co. is idling some oilfield equipment in response to deteriorating demand among shale companies.

The world’s largest provider of hydraulic fracturing is forecasting shrinking margins in its biggest business line as weakening demand weighs on the prices it can charge, Chief Executive Officer Jeff Miller said Tuesday. The company plans to idle or retire some equipment.