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.

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.

You are here

Related videos from verified sources

Texas: America's Canary In The Coalmine For Coronavirus Economic Meltdown 00:39
Credit: Wochit - Published on March 31, 2020 

Fill 'Er Up: Trump Demands Refilling Of Strategic Petroleum Reserve 00:34
Credit: Wochit Business - Published on March 16, 2020 

Saudi Arabia, Russia raise stakes in oil standoff 01:35
Credit: Rumble - Published on March 10, 2020 

Related news from verified sources

Saudi Arabia and other OPEC members struggled on Wednesday to win support from Russia to join them in additional oil output cuts in a bid to prop up prices which...
on March 4, 2020 • Reuters

Oil prices climbed higher on Thursday ahead of an OPEC meeting in which Saudi Arabia is expected to push the group and its allies including Russia to agree to...
on March 5, 2020 • Reuters

The oil industry has been hit by a simultaneous demand and supply shock in March as the coronavirus pandemic cuts fuel consumption and top producer Saudi Arabia...
on March 26, 2020 • Reuters