Oilfield minerals market uncertain following oil price falls
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