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U.S. to send envoy to Saudi Arabia; Texas suggests oil output cuts

Credit: Reuters- Published on March 21, 2020
The Trump administration plans to send a special energy envoy to Saudi Arabia to work with the kingdom on stabilizing the global oil market, officials said on Friday, as the U.S. scrambles to deal with a price crash so deep that regulators in Texas considered curbing production there for the first time in nearly 50 years.
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Video credit: Cheddar Inc.
Published on March 20, 2020 -  03:11
Oil Prices Surge
State oil and gas regulators in Texas are considering instituting a production cut to shore up sinking prices for the first time since the 1973 oil crisis.

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