MEDIA ADVISORY: Texas Railroad Commissioner Ryan Sitton Discusses COVID-19 Energy Demand Model Showing Global Market Oversupplied by at Least 16 Million BPD

03/31/2020

Energy demand is dropping through the floor due to COVID-19 and the breakdown of the Saudi/Russia oil production alliance is flooding the global oil market with supply. These two factors have led to the oil market being oversupplied by at least 16 million BPD (likely higher).

What does this mean for the U.S. energy industry and the national economy -- now and over the next few months?

Join energy market expert and Railroad Commissioner Ryan Sitton LIVE as he discusses his real-time COVID-19 demand model -- showing the greatest oversupply in the history of the oil and gas industry.

What:             Texas Railroad Commissioner Ryan Discusses His COVID-19 Global Energy Demand Model

When:             Wednesday, April 1, 2020 at 2 pm

Where:            https://zoom.us/webinar/register/WN_WOgSlVoWSBCy8HJAUkhpWA

Media contact: Bryan Preston, bryan.preston@rrc.texas.gov

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Ryan Sitton was elected to the Railroad Commission in 2014 and is the first engineer to serve on the Commission in 50 years. Sitton is one of the world’s leading energy experts and founded PinnacleART, an engineering and technology company focused on reliability and integrity programs for the oil, gas, and petrochemical, mining, pharmaceutical, and wastewater industries. As Railroad Commissioner, Sitton uses his technical expertise and business experience to make decisions for the state that are based on sound science and employs a fiscally conservative approach to prioritize the agency’s efforts.