A preliminary estimate of the total crude oil production from Texas, the No. 1 oil producer in the nation, shows output remains resilient, state data show. The Railroad Commission of Texas, the state’s energy regulator, reports a preliminary estimate of crude oil production in August , the last full month for which data are available, was about 2.41 million barrels per day. That’s an increase of nearly 8 percent year-on-year. Crude oil prices started falling steadily in mid-2014 when markets moved toward the supply side because of the glut of oil coming from U.S. shale basins and weak global economic growth. China’s economy, once growing at a double-digit pace, is slowing down and other major economies, like the United States and Europe, are growing, but at […]