CORRECTED (OFFICIAL) -UPDATE 2-Texas would curb oil output under broader deal by Trump -regulator [Reuters]
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Source: Reuters
Texas would curb oil output under broader deal by Trump: regulator (Reuters) - Texas would agree to oil production curbs if U.S. President Donald Trump reached an agreement with international producers on cutbacks, a state energy regulator said on Friday in remarks that drew push back from fellow commissioners. Ryan Sitton, one of three members of the Texas Railroad Commission, which regulates oil and gas production in the state, said in an interview on CNBC that any production cuts would be temporary. There is no need for a long-term deal, he said. However, the state’s other commissioners, Christi Craddick and Wayne Christian, took to Twitter to say that they had not yet made up their minds on the matter and would wait until an April 14 hearing to decide on any cuts. “One commissioner does not speak” for the commission, Craddick tweeted, adding that “Texas operators will be heard.” Christian seconded her opinion, tweeting, “If a release or tweet comes from an individual commish, it d
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