Weak demand, falling prices signal new troubles for oilfield services
December 20, 2018 at 11:28 AM EST
The recent drop in U.S. oil prices to around $46 a barrel and insufficient demand are throwing into doubt the prospects for oilfield service companies in 2019 and may portend a wave of restructuring and consolidation of an industry still recovering from the 2014 downturn in energy markets.