Texas Regulator: Oil markets should remain ‘relatively stable’ through 2018

Houston Public Media | Travis Bubenik

According to the Texas oil and gas regulator, Ryan Sitton, Texas energy markets will maintain stability and continued growth through 2018.  

Texas oil and gas regulator Ryan Sitton expects energy markets to remain “relatively stable” through 2018, with prices for West Texas crude oil hovering between $58 and $66 per barrel for most of the year. Sitton outlined his forecast on Friday at “NAPE”, a Houston energy industry gathering of companies and investors that bills itself as a place “where deals happen.” As a Texas railroad commissioner, Sitton is overseeing an industry that’s producing more and more oil, and in some places, expanding its footprint.

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