Oil price slump rocks oilfield mineral outlook

By William Clarke
Published: Tuesday, 12 May 2020

Oilfield mineral markets have been rocked by negative oil prices.

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.


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