• The hydraulic fracturing market through 2023 is expected to be tight. Horsepower and water demand are both projected to rise next year, and sand will likely continue to be an issue, according to Luke Smith, U.S. onshore analyst at Westwood Global Energy Group.
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This Week’s Market Buzz
At press time, Brent crude fell 49 cents, or 0.6%, to $81.54 a barrel, while U.S. West Texas Intermediate (WTI) crude was down 77 cents, or 1%, to $78.69 a barrel.
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• Oil prices dipped at press time, as Brent crude fell $5.40, or 6.5%, to $76.82 a barrel and U.S. West Texas Intermediate (WTI) crude was down $5.82, or 7.4%, at $72.57 a barrel, after the Thanksgiving holiday.
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• Goldman Sachs ramped up its already optimistic forecast calling for Brent crude to hit $90 a barrel by the end of the year. That’s up from its previous call for $80. The Wall Street bank expects U.S. crude to hit $87 a barrel, up from $77 previously.
Read MoreCanadian Premium Sand Initiates FEED Study
Canadian Premium Sand Inc. (CPS) has initiated a Front End Engineering and Design (FEED) study for its proposed flat glass manufacturing facility and plans to conduct a non-brokered private placement based on receiving unsolicited interest from a U.S. institution.
Read MoreU.S. Silica to Raise Prices
U.S. Silica Holdings Inc. announced that its Industrial and Specialty Products business will increase prices for most of its non-contracted silica sand, diatomaceous earth and clay products used primarily in glass, foundry, paints, coatings, elastomers, roofing, chemicals, recreation, building products, agricultural, pet litter and other applications.
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• At press time, West Texas Intermediate crude for September delivery rose 16 cents, or 0.2%, to settle at $72.07 a barrel on the New York Mercantile Exchange. That led the U.S. benchmark up by 0.7% for the week, based on the front-month contract, according to Dow Jones Market Data. September Brent crude the global benchmark, added 31 cents, or…
Read MoreNIMBY Gets Personal
Over the many years I have covered the aggregates industry, I have written about the Not In My Back Yard (NIMBY) movement on numerous occasions. While I have written about how NIMBY groups challenge aggregates operations and how to deal with that, I have never personally experienced a NIMBY group in action.
Read MoreFrac Sand Insider Conference Draws Attendees; Protestors
Rock Products held its third Frac Sand Insider conference May 10-11 at the La Crosse Center in La Crosse, Wis. Almost 300 people attended the event, which was highlighted by an educational program, expo and social events.
Read MoreFrac Sand Insider Conference Draws Attendees; Protestors
Rock Products held its third Frac Sand Insider conference May 10-11 at the La Crosse Center in La Crosse, Wis. Almost 300 people attended the event, which was highlighted by an educational program, expo and social events.
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