Oilfield mineral markets rocked by negative oil prices
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
This boom in production, driven by fracking...