(Bloomberg) — President Donald Trump will convene an extraordinary gathering of the oil industry’s competing factions at the White House on Friday, as a global pandemic and oil-price war weigh on markets.Chief executives of the nation’s biggest refiners and producers are expected to discuss possible relief efforts from the administration, including potential cuts in U.S. production to bring the price of crude back from a historic plunge, according to people familiar with the matter.But there are deep divisions among the various factions over what should be done, especially on the question of possible tariffs on Saudi Arabian oil, which may …read more
Source:: Yahoo Finance
