Texas Regulators May Slow Oil Output: Report

摘要

The Texas Railroad Commission (RRC) is reportedly considering slowing down oil production on its own, shutting in wells across the state, including the US’ most prolific oil play, the Permian Basin in West Texas. Unnamed sources told the Wall Street Journal that executives had reached out to the agency for an assist in managing the oil price plummet — a byproduct of the price war initiated by the collapse of Opec-plus and the Covid-19 pandemic.