Oil output expected to decline as August prices hit six-year lows
Published: Tuesday, 15 September 2015
With oil production from non-OPEC locations expected to decline further in 2016, demand and prices for proppants such as frac sand and ceramic proppants are anticipated to remain weak at least for the remainder of the year.
Oil output from non-Organization of Petroleum Exporting
Countries (OPEC) member states is expected to plummet by
500,000 barrels per day (bbl/d) in 2016 following the sustained
oil price decline in 2015.
According to the September Oil Market Report published by
the International Energy Agency (IEA), non-OPEC output