29 July 2016
Like other companies catering to the oil and gas sector, Carbo Ceramics reported a net loss for the quarter as prices and volumes for proppants fell. However, the company anticipates increased sales of its ceramic proppants in the second half of the year.
28 July 2016
The company reported a net loss as a fall in revenue both y-o-y and sequentially as market conditions in oil and gas are expected to either remain the same or decline further in the second half of 2016.
25 July 2016
Increased prices in its building materials segment and higher volumes of gypsum wallboard and paperboard products helped to buoy earnings and revenue for Eagle Materials, as the company's proppants segment continues to suffer through the oil and gas decline.
22 July 2016
Supply disruption in China fails to lift bauxite and brown fused alumina prices; chromite sees an increase in buying activity in China; Indian potash contracts signed at lower y-o-y levels.
20 July 2016
Major oilfield services provider Halliburton attributed its net loss to declining prices and activity in oil and gas, a major industrial mineral-consuming sector. However, the company noted the recent uptick in rig count, indicating operator confidence in stabilising commodity prices.
15 July 2016
Preliminary financial results from the frac sand and proppant supplier indicate that revenues and volumes will be down in Q2, while net losses will deepen. However, it added that the market has shown signs of a preliminary but slow recovery.