U.S. Considers Intervention in Saudi-Russia Oil Standoff

The Trump administration is considering intervening in the Saudi-Russian oil-price war, and Texas regulators are weighing whether to curtail crude production for the first time in decades, as U.S. producers suffer from a historic crash in prices.Administration officials are exploring a diplomatic push to get the Saudis to cut oil production and threats of sanctions on Russia aimed at stabilizing prices, after U.S. oil companies pressed them to intercede, people familiar with the matter said.Meanwhile, the Texas Railroad Commission, which regulates the oil industry in the state, is examining po…

Read More