• Oil prices rose on February 23 after U.S. data showed a surprise decline in inventories, suggesting that a global glut may be ending after moves by OPEC to cut production. Benchmark Brent crude oil was up $1.05 a barrel, or 1.9 percent, at $56.89, recovering from a drop of 82 cents. U.S. light crude rose $1, or 1.9 percent…
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Frac Sand Demand Ticks Upward
Frac sand and proppants have seen a surprise turnaround in demand projections during the first half of 2016, according to a recent report from Tudor Pickering. Many investors and industry observers left this segment of the oil market for dead at the beginning of the year, however, a perfect storm of factors has caused a surprising turnaround in this segment.
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