Trump hosts Big Oil executives at White House to discuss market slump [Reuters (UK)]
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Source: Reuters
Trump hosts Big Oil execs at White House to discuss market slump - Reuters 3 Min Read WASHINGTON (Reuters) - U.S. President Donald Trump met with oil company executives at the White House on Friday afternoon to discuss a historic oil-price slump threatening their businesses, brought on by the coronavirus outbreak and a Saudi-Russia price war. “We’ll work this out and we’ll get our energy business back,” he told reporters while surrounded by cabinet members, oil state lawmakers and executives from big drillers such as Exxon Mobil, Chevron Corp, and Continental Resources prior to the beginning of private talks. The administration may offer ways to help the industry weather the crisis, including waiving royalty payments drillers must pay for oil produced on federal lands, imposing an import tariff on foreign crude oil or easing shipping regulations, according to sources familiar with the matter. Trump was also likely to highlight his efforts to push Moscow and Riyadh to end their price w
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