March 19, 2025 11:41 GMT
AMERICAS OIL: Trump to host top US oil chief executives as trade wars loom: RTRS
AMERICAS OIL
Trump to host top US oil chief executives as trade wars loom: Reuters
- U.S. President Donald Trump will host top oil executives at the White House on Wednesday, including members of the American Petroleum Institute's (API) executive committee, according to one source familiar with the planning of the closed-door event.
- ExxonMobil CEO Darren Woods, Chevron CEO Mike Wirth, ConocoPhillips CEO Ryan Lance, Phillips 66 CEO Mark Lashier and Marathon Petroleum CEO Maryann Mannen are among the leaders on the trade group's executive committee, according to public biographies.
- Executives are expected to express concerns over Trump's trade wars while stressing the need for higher oil prices to incentivize the president's goal to raise domestic production.
- Trump had promised during the campaign to boost already record U.S. oil production by as much as 3 mb/d and cut energy prices while rolling back environmental regulations and accelerating the permitting process.
143 words