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Crude Oil, Chemicals
November 06, 2024
By Zack Hale
HIGHLIGHTS
Cruz has supported range of laws to promote Texas energy production
Survived attacks over leaving Texas for Mexico during 2021 storm
US Senator Ted Cruz (R-Texas) is projected to win his reelection bid, helping Republicans achieve their goal of taking back control of the Senate.
Cruz, a strong supporter of US oil and gas production, was leading US Representative Colin Allred (D-Texas), the Democratic challenger, by about 10 percentage points with 84% of votes counted shortly after the Associated Press called the race at 11:39 pm ET on Nov. 5.
Cruz was elected to the US Senate in 2012 and reelected in 2018.
During a debate in October, Cruz weathered attacks from Allred for flying from Houston to Cancún, Mexico, amid a February 2021 winter storm that left millions of Texans without power.
As a senator, Cruz has sponsored a range of legislations to strengthen Texas' position as the top energy-producing state in the nation.
Texas pumped 5.82 million b/d of crude oil in August, according to the latest US Energy Information Administration data, outpacing OPEC heavyweight Iraq, which produced 4.2 million b/d in September, according to the latest Platts OPEC survey by S&P Global Commodity Insights.