“We only received a request from the mining companies on Monday to organize a meeting on market assessment to discuss the proportional distribution of production. Now we are focusing on April 14,” he said.
“On April 14, an open meeting will be held, where we will listen to opinions and feedback from everyone. There will be oil producers, economists, scientists, statisticians,” Sitton continued.
He noted that the participants of the meeting will try to discuss mechanisms for possible regulation of production in Texas, as well as determine how it can be used “to start an international movement to stabilize the oil market.”
On Monday, Texas oil companies asked for an official hearing on the issue of regulating production in the state. Earlier, companies approached the authorized regulator with the idea of returning to the proportional distribution of products for the first time in almost 50 years.