President Donald Trump to meet with oil executives to talk about how coronavirus has impacted the industry, as well as a price war between major producers Saudi Arabia and Russia
WASHINGTON - U.S. President Donald Trump said he has invited U.S. oil executives to the White House to discuss ways to help the industry “ravaged” by slumping energy demand during the coronavirus outbreak and a price war between Saudi Arabia and Russia.
“Worldwide, the oil industry has been ravaged,” he said. “Its very bad for Russia, its very bad for Saudi Arabia. I mean, its very bad for both. I think they’re going to make a deal.” The collapse in prices has threatened the once-booming U.S. drilling industry with bankruptcies and massive layoffs, and Washington has scrambled for ways to protect the sector.In the coming meetings with oil executives, Trump is expected to discuss a range of options to help the industry, including the possibility of tariffs on oil imports from Saudi Arabia, according to the Wall Street Journal, which was first to report the planned meetings.
A source familiar with the plan told Reuters that oil refiners and small producers would also be represented and the issue of potential waivers for royalties on existing federal offshore and onshore leases would be discussed. The group on March 20, however, sent a letter to the Trump administration requesting relief from some regulatory requirements to ensure steady supplies during the coronavirus. The administration has since announced it will temporarily ease some environmental enforcement.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Trump says Russia, Saudi Arabia will work out oil disputePresident Donald Trump on Wednesday said he was confident Russia and Saudi Arabia would resolve an oil-price dispute that has damaged the industry. 'I have...
Consulte Mais informação »
Oil Leaps on Hopes for U.S. Action, Saudi-Russia TruceCrude prices jumped on hopes for a truce in the price war between Saudi Arabia and Russia and the possibility of action from the White House to mitigate the effects of last month’s drops.
Consulte Mais informação »
Saudi Arabia and Russia signal readiness to cooperate on oilSaudi Arabia and Russia signalled on Thursday they were ready to cooperate to help stabilise the oil market after calls with U.S. President Donald Trump to discuss the slump in prices triggered by the end of a deal to curb output and a collapse in demand.
Consulte Mais informação »
Biden offers to call Trump at White House to discuss coronavirus response strategyFormer Vice President Joe Biden is offering to call President Trump to discuss a strategy to combat the coronavirus pandemic rocking the nation, Fox News has learned.
Consulte Mais informação »
Donald Trump Will Remain at the White House This Month to Follow Social Distancing GuidelinesDonald Trump will practice social distancing at the White House for the foreseeable future, following his own social distancing guidelines that were extended on Sunday.…
Consulte Mais informação »
Trump Says Saudis, Russia Will Cut Output After Call With Prince(Bloomberg) -- President Donald Trump said he expects Saudi Arabia and Russia to cut oil production by about 10 million barrels after he spoke by phone with Crown Prince Mohammed Bin Salman on Thursday.Trump didn’t specify in a tweet whether the production cut would be per day. He said Prince Mohammed
Consulte Mais informação »