4/21/2009

The American Petroleum Institute reported last week that the number of wells completed in the first quarter in the U.S. decreased by almost one-fourth from last year's first quarter as companies reduced activity in response to lower oil and natural gas prices. Analysts predict weak earnings throughout the year for oil-services firms such as Halliburton, although they do expect a recovery will begin in 2010.

Full Story:
Forbes

Related Summaries