IHS anticipates further falls in fracked oil and gas prices in 2016

By Myles McCormick
Published: Friday, 11 September 2015

Chemical consultancy IHS predicts that unconventional oil and gas prices are likely to fall further this year, with a recovery improbable before 2017. Additional declines are likely to continue to impact oilfield minerals such as frac sand and other proppants, barite and bentonite, for which demand has already fallen.

The prices of oil and gas produced via hydraulic fracturing (fracking), which have already fallen 31% this year, are anticipated to continue to drop, resulting in a total decline of 37% by the end of the year as utilisation reaches a low point of 44%, according to global chemicals consultancy, IHS...

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