Dexcomm Blog

Oil and Gas Industry - Hopeful Outlook for 2018

December 27, 2017

Oil-and-Gas--600x400

We work with oil and gas businesses who need a partner to provide peace of mind that their customers and callers are dealt with professionally, 24/7/365. We have recently encountered two very interesting bits of news affecting the industry and wanted to share it with you.

The Organization of Petroleum Exporting Countries (OPEC) met with its non-OPEC allies last week and decided to extend production curbs through the end of 2018.

This is good news for our friends in the oil and gas industry. Curbing production will help right size global oil supply and hopefully stabilize prices.

Price estimates over the medium-term range from $40 to $60 per barrel. 

Commentators are hopeful extending production curbs will maintain an oil price floor of $50 and an average price at or above $60.

Oil and Gas - $ on the rise

Anecdotally, our customers and friends in the industry are reporting an uptick in activity as well, which makes us hopeful for their continued success heading into 2018. We are excited to hear that good things are happening, and hope that you are too!

 


Dexcomm is a Louisiana-based corporation that provides answering services to businesses and service agencies across the United States. We have been open since 1954, employ a staff of roughly 50 people, and our average client retention rate is 10+ years.

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Read More About The Author: Wendy Hebert-Pitre