OPEC+ and large producers such as Canada, Norway, Mexico and Brazil came to an output cut agreement this weekend, but a coordinated output reduction in the United States isn’t likely to happen any time soon. The Railroad Commission, Texas’ oil regulator, failed to propose a concrete plan on Tuesday after more than 10 hours of talks. The three commissioners, Christian, Craddick and Sitton may be forced into action soon though as storage space is expected to run out within weeks . Texas oil drillers have mixed opinions about output restrictions, with oil majors such as ExxonMobil and Chevron opposing any form of government intervention while shale specialists Pioneer Resources and Parsley Energy are in favor of a state-wide 20 percent production cut. In an interview with Bloomberg TV, Parsley CEO Gallagher came out saying that his company is happy to reduce production by 20 percent if other companies follow […]