Most everyone in the Oil and Gas industry is familiar with OPEC, The Organization of the Petroleum Exporting Countries. Back in 2014, OPEC called for a rebalance of the Oil and Gas industry in order to prevent further decline. This plan revolves heavily around the reduction of oil production, which in turn will bring up the cost per barrel.
In accordance with OPEC’s decision to rebalance the oil and gas market, Russia has been reducing their production. This change paired with the dropping value of the US dollar and the critical political situation in Venezuela have both added to the rise of crude oil prices.
Amidst talks of the upcoming trade agreement between the United States and China, there’s a significant rise in crude oil prices. President Trump tweeted about the rising oil prices and announced an extension on the deadline for the trade deal with China, which cause a huge drop mid last week. After the initial panic wore off, people’s concerns eased and the crude oil prices were on the rise once again. With all of these factors coming into play, there’s a steady increase in opportunities and profit in the oil and gas industry.
With the promising upturn in the market there are opportunities for top talent. Enthusiasm and real skill are always valued traits in a candidate. With the forecast of a continued upturn in the market, now is the best time to start searching for a new, life-changing career.
At Vision Quest Consultants we work with the leading companies in the industry. Our goal is to bring you the best opportunities in your field of work.