Texas oil regulator said to aim for meeting on output curbs on April 14th. The updates follow news from earlier int he week that texas shale producers, Pioneer Natural Resources and Parsley Energy, formally asked Texas regulators to curtail oil production for the first time in nearly 50 years.
Reters reportd that “crude oil purchasers across the state have warned producers that oil storage will be limited in May, and “Large-scale production interruptions appear inevitable and imminent,” according to a letter from the companies to the state’s regulatory commission.”
A letter has also been sent to the state’s governor asking him to help limit foreign oil imports from the Middle East, but allow imports from Mexico and Canada, Pioneer Chief Executive Scott Sheffield said.
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