4/1, 8:09 PM (Source: TeleTrader)
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Trump to meet oil execs on April 3 - report

United States President Donald Trump will hold a meeting with executives of major domestic oil companies on April 3 to speak about actions his administration would take to ease the negative effects the oil market is currently suffering through, the Wall Street Journal reported on Wednesday, citing unnamed sources with knowledge of the situation.

The sources claimed that "Exxon Mobil Corp. Chief Executive Darren Woods, Chevron Corp. Chief Executive Mike Wirth, Occidental Petroleum Corp. Chief Executive Vicki Hollub and Harold Hamm, executive chairman of Continental Resources Inc." will attend the meeting.

The report says that one of the topics of the meeting will be a possible introduction of oil import tariffs on Saudi Arabia, but adds that not all industry executives are on board with the idea. A potential proposal that is more likely to gain larger support would be imposing a waiver that would allow the oil to be transported by domestic and foreign ships to specific US markets dominated by oil imported from Saudi Arabia.

Breaking the News / MS