U.S. pipeline operators have issued a warning to some oil producers operating in Texas: reduce production rates because storage is filling up, a Texas Railroad Commissioner said in a tweet. “Got word yesterday that some Texas producers are starting to get letters from shippers (pipelines) asking for oil production cuts because they are out of storage. We need to get in front of this,” Ryan Sitton wrote on Saturday. Oil prices have continued to decline, with West Texas Intermediate trading at $20.42 a barrel at the time of writing and Brent crude at $26.64 a barrel. Upward potential remains extremely limited as the coronavirus outbreak in the United States has dampened demand for fuels. According to the EIA, demand for gasoline in the second week of March fell by more than 800,000 bpd. Demand for fuels is likely to continue down as the number of diagnosed Covid-19 cases continues […]