President Trump To Meet With Oil CEOs To Discuss Saudi Oil Tariffs

President Trump To Meet With Oil CEOs To Discuss Saudi Oil Tariffs

OilPrice.com

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US President Donald Trump will meet with U.S. oil executives to discuss possible financial assistance for the industry and tariffs on oil imports from Saudi Arabia, according to the Wall Street Journal. Saudi Arabia is currently bent on flooding the already saturated oil markets with even more oil after the production cut talks with OPEC and Russia fell through. Saudi Arabia is now producing more than 12 million barrels per day, according to Reuters sources, even though oil demand has dropped off a cliff in recent weeks. The meeting will…

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