President Trump talks with top oil giant Emphasis on reduced production is expected April 4 9:38
As oil prices slump, U.S. President Trump talks with top executives at oil giants to show Russia and Saudi Arabia hope to cut production, and to support U.S. energy companies. Stressed.
In addition to the decrease in demand due to the spread of the new coronavirus, OPEC = Oil Exporting Countries and oil-producing nations such as Russia have cut off cooperative production. Has been severely affected by the decline in
Under such circumstances, President Trump invited the ExxonMobil and Chevron, which are called "Major", and the top of oil major companies to talk with the White House on the 3rd.
In a statement, President Trump reported that he had telephone-conversed with Russia's Putin and Saudi Arabia's Crown Prince Mohammad, and said, "They must want something to happen." He expressed hope that cooperative production reduction would resume.
Until the oil price returned to a certain level, he stated that he would support the government by lending the space for "strategic petroleum storage" to the private sector.
Oil prices have risen in recent days following a telephone talk between President Trump and Saudi Arabia, but have remained at around 60% before the sharp decline, and talks between Saudi Arabia and Russia starting early in the week have been coordinated to cut production. It will be noted whether it will lead to the resumption of.