NEWS ARCHIVE

Oil field chemical demand to slow

US shale oil development helped propel the global oil field chemicals market to $US25 billion ($33.5 billion) in 2014, however the plunging oil price has put the mockers on growth, according to international consultancy IHS.

Haydn Black

IHS said demand for oil field specialty chemicals had surged from nearly $US16 billion in 2010, driven in large part by the rapid expansion of shale oil and gas drilling and production in North America,...

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