Advertisement

Trump to Meet With Oil Execs Friday - Report

By Kim Khan

Investing.com - President Donald Trump will meet with top oil company executive on Friday to discuss ways the industry can be assisted, The Wall Street Journal reported Wednesday.

Trump will host at the White House Exxon (NYSE:XOM) CEO Darren Woods, Chevron (NYSE:CVX) CEO Mike Wirth, Occidental (NYSE:OXY) CEO Vicki Hollub and Continental Resources (NYSE:CLR) CEO Harold Hamm, the Journal reported.

The industry has been hammered by the demand destruction caused by the Covid-19 pandemic and further pressure on prices from a market-share war between Saudi Arabia and Russia.

WTI futures fell about 1%. The government reported earlier that U.S. oil inventories soared by more than 10 million barrels last week.

ADVERTISEMENT

Related Articles

Trump, oil CEOs to discuss aid, possible tariffs on Saudi oil: WSJ

‘Dead Cow’ Oil Play Set to Be Next Permian is Now, Well, Dead

There’s Enough Gold to Go Around in the Futures Market After All