this 49% jump in oilfield activity has not brought about a similar uptick in demand for oilfield minerals, which reflects the changing dynamics of the drilling fluid market. Where demand was previously focused on big drilling projects that were located offshore, most of the increase in activity has been concentrated in the United States in the on-shore market. [...]in August last year, the local government mandated APMDC to revise its prices more regularly - they are now reviewed on a six-month basis - citing “major changes in the global economic environment and the crude oil market.
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