In Texas, the date of hearings on the regulation of oil production was called

Public hearings on the regulation of oil production in Texas are scheduled for April 14, said Commissioner of the Texas Railroad Commission (regulates the oil industry in the state) Ryan Sitton.

“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.

Author: Flyn Braun
Graduated from Cambridge University. Previously, he worked in various diferent news media. Currently, it is a columnist of the us news section in the Free News editors.
Function: Editor