Commissioner Ryan Sitton Statement
April 13, 2020
The following statement was issued by Texas Railroad Commissioner Ryan Sitton in response to the international agreement formalized yesterday to reduce global oil supply and in advance of the Commission’s proration hearing tomorrow.Read More...
MEDIA ADVISORY: Texas Railroad Commissioner Ryan Sitton Discusses COVID-19 Energy Demand Model Showing Global Market Oversupplied by at Least 16 Million BPD
March 31, 2020
Energy demand is dropping through the floor due to COVID-19 and the breakdown of the Saudi/Russia oil production alliance is flooding the global oil market with supply. These two factors have led to the oil market being oversupplied by at least 16 million BPD (likely higher).Read More...