Ryan Sitton is a longtime believer in free markets, but he’s convinced that the U.S. oil markets need unprecedented government intervention to make it...
Ryan Sitton is a longtime believer in free markets, but he’s convinced that the U.S. oil markets need unprecedented government intervention to make it through the coronavirus crisis.
Sitton is a commissioner on the Texas Railroad Commission, an agency that has the power to force oil producers to cut production through a process called pro-rationing. They haven’t used that power in almost 50 years. But now he’s working with Texas oil and gas producers and international oil ministers to make a deal happen.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Norway may slash oil output if top producers also cut: ministerWestern Europe's largest oil and gas producer Norway said on Saturday it would consider cuts to its oil output if a wide global deal is agreed.
Read more »
3 S&P sectors climbed this week — here are the stocks that rose and fell the mostAfter another volatile week, these are the stocks that rose and fell the most
Read more »
Global Stocks Edge Lower as Oil Prices JumpBrent crude, the global gauge of oil prices, jumps over 10% after the news that OPEC and its allies are planning to discuss Monday reducing production by at least 6 million barrels a day
Read more »
Brent crude could still drop to $10 a barrel and stay there in Q2: IHS MarkitOil prices rallied Thursday on the possibility of a deal to cut production, but Victor Shum of IHS Markit said there's 'little chance' that any OPEC+ deal could save the market.
Read more »
Some new 'Apex Legends' skins have leaked ahead of the Old Ways event'Apex Legends' The Old Ways event is happening soon, and we've got some skin leaks that appear to be tied to the festivities.
Read more »