Hunting expects oil producers to defer projects on price slump
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(Reuters) - British oilfield services company Hunting Plc expects oil and gas producers to defer some projects as a recent decline in crude prices could hit their short-term budgets, it said on Monday.Oilfield service companies, including U.S.-based Schlumberger , have been hit this year by a slowdown in demand as regional oil prices have fallen and oil-producing customers face transportation bottlenecks."Clients are indicating caution on committed spend for the early part of 2019 as the lower..