Halliburton’s Decision to Idle Fracking Gear Confirms US Shale Slowdown
Customers are cutting back in the second half as crude hangs below $70 a barrel, CEO says.
Halliburton Co. storage tanks in Port Fourchon, Louisiana.
Photographer: Luke Sharrett/BloombergThis article is for subscribers only.
Welcome to our guide to the commodities markets powering the global economy. Today, Today, reporter Emma Sanchez explores what Halliburton’s decision to take fracking equipment out of service says about the US shale patch.
Halliburton Co., the world’s biggest fracking company, just brushed aside any doubts about whether growth is slowing in the US shale patch.