"President Trump, who met last week at the White House with oil company executives and lawmakers, said over the weekend he'd wield tariffs if needed to protect the oil industry, which is reeling from a global glut in supply."
Economy & Business
"The United Nations’ biodiversity chief has called for a global ban on wildlife markets – such as the one in Wuhan, China, believed to be the starting point of the coronavirus outbreak – to prevent future pandemics."
"Senate Energy and Natural Resources Chairwoman Lisa Murkowski (R-Alaska) sent a letter to Treasury Secretary Steven Mnuchin asking him to ensure that U.S. oil and gas companies can get federal loans provided for businesses in the coronavirus stimulus package."
"A law firm that previously employed President Donald Trump’s interior secretary has, for several years, represented Saudi Arabia, the petroleum-rich nation that recently launched an oil price war that could bankrupt U.S. fossil fuel producers."
"The White House is inviting the country's top oil executives to a meeting tomorrow [Friday] about the oil crisis as a wave of layoffs, spending cuts and bankruptcies send shock waves through the industry."
"After a decade of protests and political reversals in the U.S., the Canadian company behind the controversial Keystone XL oil pipeline says it has made a final decision to build the long-delayed project. Once completed, it would deliver more than 830,000 barrels per day of crude oil from Alberta's oil sands, or 'tar sands,' region to the United States."
"Three days before EPA issued a policy signaling to industry it would not penalize companies for failing to comply with environmental laws during the novel coronavirus pandemic, the American Petroleum Institute sent the agency a wish list. The oil and gas lobby got more than it had hoped for."
"President Trump is calling for a $2 trillion infrastructure package as part of the government’s emergency response to the coronavirus pandemic."
"President Trump talked yesterday with Russian President Vladimir Putin in an effort to convince him to bring to an end a global price war that's crippling U.S. oil producers."