Trump calls for cash injection for ailing U.S. drilling industry [Toronto Globe and Mail (Ontario, Canada)]
Whiting Petroleum Corporation (New) (WLL)
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Source: Toronto Globe and Mail
Trump calls for cash injection for ailing U.S. drilling industry U.S. President Donald Trump gestures as he speaks during the daily briefing on the novel coronavirus, which causes COVID-19, in the Rose Garden of the White House, in Washington, DC. MANDEL NGAN/AFP/Getty Images U.S. President Donald Trump gestures as he speaks during the daily briefing on the novel coronavirus, which causes COVID-19, in the Rose Garden of the White House, in Washington, DC. U.S. President Donald Trump said on Tuesday he has asked his government to come up with a way to inject cash into the ailing U.S. drilling industry to help it survive a historic collapse in global crude oil prices. The comment comes as oil and gas companies from Texas to Wyoming struggle to stave off bankruptcy amid worldwide stay-at-home orders and business stoppages spurred by the coronavirus outbreak that have obliterated global demand for fuel. U.S. crude oil futures collapsed to trade in negative territory for the first time
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