Oil price falls crush frac sand demand
Published: Monday, 08 June 2020
The global Covid-19 pandemic has plunged the oil market into an unprecedented slump, threatening a complete reshaping of the oilfield mineral market. One of the hardest hit industries is likely to be frac sand mining.
Frac sand, which is added to fracking fluid in order to prop
open cracks in the rock formation, has seen one of the most
remarkable boom-and-bust cycles of any industrial minerals over
the past ten years.
Demand for frac sand has risen from under 30 million short