The petroleum chemical market have experienced a tough period once upon a time, and believe it will go up soon.

International oil prices rebounded from the lowest point, have exceeded 30%, supply and demand cost the price. Analysts believe that the worst time has passed for the crude oil market.
New York oil prices fell to 12-year the lowest point on February 11, closing at $ 26.21 a barrel. Faced with shrinking oil prices, oil-producing countries cannot remain indifferent. On 16th Feb, the major exporter country of oil such as Russia, Saudi Arabia, Venezuela and Qatar have reached a consensus for froze oil production , they are agree that keep the oil production level same with January this year, international oil prices is gradually up from low price. This is also good news for petroleum chemical factory, the oil price going on will be get fast speed for the drilling project then will be used more oilfield chemicals. The spring of oil field chemical is not far from us.

Xinxiang Kolanky is a company specialized in manufacturing oil well cementing additives and drilling fluid additives, we have over 20years export experiences, if you have any questions about oilfield drilling or cementing additives solution, please feel free to contact Kolanky, we will try our best to meet your requirement.