Trump says expects Russia-Saudi oil deal soon, invites US oil chiefs to White House

Financial Post | Apr 2, 2020 at 4:44 AM
  • 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.
  • Global oil prices have fallen by roughly two-thirds this year as the coronavirus has slammed global economies at the same time major producers Saudi Arabia and Russia have started to flood the market with oil.
  • Major drillers expected to participate in the initial meeting on Friday include Exxon Mobil Corp, Chevron Corp , Occidental Petroleum Corp, and Continental Resources.
More sources
  • Trump says expects Russia-Saudi oil deal soon, invites US oil chiefs to White House (Reuters: Apr 2, 2020 at 4:43 AM)