Oilfield mineral markets rocked by negative oil prices

By William Clarke
Published: Wednesday, 22 April 2020

The frac sand and oilfield mineral markets are facing a massive drop in demand after negative oil prices rocked the drilling industry in the United States.

The unprecedented situation of a negative US oil price was created by a "perfect storm" of oversupply, falling demand and glutted storage capacity.

Fastmarkets has reported in the past that US oil logistics have been struggling to keep up with soaring domestic production.

This boom in production, driven by fracking...

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