Texas Oil Producers Resist Output Boost Despite Higher Crude Prices
businessenergy-markets 2 posts · 2 accounts
Texas oil producers and other U.S. shale executives are showing little appetite to raise output even as crude prices rise, highlighting the industry’s reluctance to respond quickly to the latest rally.
A Dallas Fed survey found energy executives are not confident that higher prices will hold. That uncertainty, combined with turmoil tied to the Iran war, is helping keep shale bosses from boosting oil production.
From the sources (2 posts)
@staunovoUS shale bosses resist boosting oil output over Iran war ‘chaos’ Dallas Fed survey finds that energy executives are not confident high prices will hold #oott
@businessHigh crude prices are yet sparking enthusiasm among Texas oil producers