Oil Price & Houston Metal Fabrication

Low Oil Prices Hurt Houston Metal Fabrication

“Let’s use all we can and Export the rest” ¬†A comment recently heard from a prominent Texas politician – we could not agree more.

oil price houston welding

At OceanFab we believe lifting the export ban will provide more jobs for our Houston area welders.

It’s clear that OPEC is trying to squash US Oil, which will hurt metal fabrication in Houston. The¬†International Energy Agency says OPEC has renewed determination on this front… “the early December (OPEC) move appears to signal a renewed determination to maximize low-cost OPEC supply and drive out high-cost non-OPEC production – regardless of price.,”
https://www.iea.org/oilmarketreport/omrpublic/

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