Texas regulators balk on oil production cuts

Texas regulators balk on oil production cuts

Even as oil prices continued to plummet, state regulators held off Tuesday on limiting oil production as a way to prop up struggling producers.Amid a global glut of oil, exacerbated by the COVID-19 crisis, which has led to a severe drop in demand, crude prices have nosedived to record lows — an important benchmark price was running in the negative range this week, with […]
Source: Statesman

Leave a Reply