Texas’ oil and gas regulators not ready yet to cut production

Texas’ oil and gas regulators not ready yet to cut production

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Facing a steep drop in oil demand with much of the world staying home to practice social distancing, more than 55 energy executives, analysts, and critics appeared one after another Tuesday at a video meeting of the Texas agency that regulates the oil and gas industry to weigh in on a request that the state’s oil production be cut.

Some oil producers asked the Texas Railroad Commission for such a c…