Oilfield minerals market uncertain following oil price falls

By James Sean Dickson
Published: Friday, 07 November 2014

The US fracking boom could slow down if oil prices fall further, owing to the higher cost/barrel of unconventional wells.

The number of drilling rigs in the US fell by 5 between the months of September and October, to 1,925 According to data released by Baker Hughes, the oilfield services company. While the drop in the rig count was small, it could represent the start of a departure from a year-long trend of increasing...

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