An oil commisioner of Texas, a state in the US has held talks with the Russia’s energy minister to find ways to end the oil war between Russia and OPEC power Saudi Arabia He is also scheduled to speak with the Saudi oil minister on the same issue.
Behaving Like A Country
While Texas is just a state within the US, its initiative has been respected because apart from Saudi Arabia, no other country in OPEC produces more oil than Texas.
Texas is particularly concerned because it faces huge job losses if oil prices continue being low.
Many Texas-based oil companies have fallen into financial difficulty in this coronavirus period as the virus and the oil war, has caused oil prices to crash globally.
Coronavirus is making national players become international actors.