Oil Executives Face Industry Downturn Amid Trump Administration Encouragement

Reported about 11 hours ago

As top oil executives gather in Houston during a significant downturn marked by plummeting prices and massive layoffs, U.S. President Trump remains a vocal supporter urging increased production. Despite his push for 'drill, baby, drill,' the industry is grappling with rising costs, potential trade disruptions, and cautious capital strategies, raising questions about the future of U.S. oil production.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis