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...

This is a preview of the full article

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.