Goldman Sachs has reiterated its forecast that Brent crude will hit $80 per barrel this summer as demand quickly recovers. “Rising vaccination rates are leading to higher mobility in the United States and Europe, with global demand estimated up 1.5 million barrels per day (mb/d) in the last month to 96.5 mb/d,” the investment bank said in a note as…
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Superior Sands Hit With Lawsuit
A lawsuit filed March 27 in Pennsylvania claims that Superior Silica Sands has failed to pay bills submitted by a company it hired to manage a frac sand transloading facility in San Antonio, and owes the plaintiff a total of nearly $25 million.
Read MoreSuperior Sands’ Shearer Says Market Has Rebounded
After a disappointing 2015 and 2016, the frac sand industry in Wisconsin is moving forward at a record rate, according to the Dunn County News. That was the message delivered by Rick Shearer, president and CEO of Superior Sands, to members of the West Central Wisconsin Regional Planning Commission on Thursday, Nov. 9.
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