• A Reuters poll of analysts in late December showed a broad expectation that Brent Crude will average “a smidge above $50/bbl this year,” PVM Oil Associates said. U.S. benchmark West Texas Intermediate crude futures broke above $50/bbl this week for the first time since February, boosted by a surprise announcement by Saudi Arabia of a 1 million barrel-per-day production…
Read MoreTag: CAGR
Frac Sand Market Predicted to Grow
The analysts at RnRMarketResearch are forecasting the global frac sand market to grow at a Compound Annual Growth Rate (CAGR) of 10.29 percent during the period 2016-2020. The report covers the present scenario and the growth prospects of the global frac sand market for 2016-2020.
Read MoreGlobal Frac Sand Market Will Grow
According to the latest market research report by Technavio, the global frac sand market is expected to grow at a Compound Annual Growth Rate (CAGR) of more than 10 percent until 2020.
Read MoreGlobal Proppants Market Will Double by 2022
The global proppants market accounted for $53.03 billion in 2014 and is expected to grow at a CAGR of 13.68 percent to reach $115.68 billion by 2022, according to a new study by market consulting firm Stratistics NRC. Industrial shift toward alternative energy resources is the key factor favoring the market growth.
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