Open/Close Mobile Menu Open/Close Mobile Menu

Overcoming the oil price decline

By Emma Hughes
Published: Thursday, 28 May 2015

North America’s fracking industry was rocked towards the end of 2014 after the Organization of Petroleum Exporting Countries (OPEC), which controls nearly 40% of the world oil market, failed to agree on production curbs. This, coupled with a US oversupply situation, sent the oil price tumbling. With rig counts, drilling activity and proppant demand taking a hit as a result, many began to question the impact this decision would have on the future of fracking and, as a result, proppants.* Emma Hughes and Vasili Nicoletopoulos

By Emma Hughes and Vasili Nicoletopoulos

A so-called shale gale has swept across the US in recent years, driving growth in domestic natural oil and gas generation and increasing the demand for oilfield minerals.

The following seven factors, combined, have been widely acknowledged as being instrumental in the success of...

This is a preview of the full article

Logo
  • 2 years pricing data on all minerals
  • The latest global news and features
  • Print magazine
  • Article archive ranging from 1988
  • Access on the move with IM Insight mobile app




Take a Trial or Subscription today. Start below: