Texas oil regulators to vote on cutting oil production

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Texas oil regulators to vote on cutting oil production

Thu, 04/30/2020 - 04:20
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Texas oil regulators will decide at a public meeting on Tuesday whether to cut oil production, as plummeting global demand has already impacted the oil and gas sector in Texas. The Texas Railroad Commission, which regulates the state’s huge oil and gas industry, released on Wednesday a proposed order for a 20% cut in oil production, and a $1,000 fine per barrel for large producers who don’t…

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