Trump and Oil Company CEOs To Meet Friday

Viewing 8 posts - 1 through 8 (of 8 total)
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  • 02 Apr '20 at 4:50 am #23383
    TradersCom
    Keymaster

    President Trump will meet with company CEOs, uncluding…

    [article]2014[/article]

    03 Apr '20 at 6:49 pm #23384
    ThePitBoss
    Participant

    Ryan Sitton @RyanSitton – Texas Railroad Commissioner.

    Just had a great conversation with Russia’s @novakav1. While we normally compete, we agreed that #COVID19 requires unprecedented level of int’l cooperation. Discussed 10mbpd out of global supply. Look forward to speaking with Saudi Prince Abdulaziz bin Salman soon.

    [tweet]1245776007589769219[/tweet]

    03 Apr '20 at 6:50 pm #23385
    ThePitBoss
    Participant

    *EXXON NOT SEEKING STATE INTERVENTION IN ENERGY MARKETS
    *EXXON SAYS FREE MARKET BEST WAY OF RESOLVING OIL IMBALANCES

    03 Apr '20 at 6:52 pm #23386
    ThePitBoss
    Participant

    IEA HEAD BIROL SAYS GLOBAL OIL STOCKS TO BUILD BY 15 MLN BPD IN Q2 EVEN IF OPEC+ CUTS OUTPUT BY 10 MLN BPD

    White House talking to Russia, Saudis on oil, no need to go via #Opec – Kudlow

    06 Apr '20 at 12:16 am #23397
    MoneyNeverSleeps
    Participant

    Trump with major Energy Execs, Senators •Apr 3, 2020

    Meeting with Energy Sector CEO’s at the White House

    Chevron, Devon, Occidental, Exxon, Continental Resources,

    07 Apr '20 at 12:37 am #23411
    TradersCom
    Keymaster

    ryansitton @RyanSitton

    Just had a great conversation with Alberta energy minister @SonyaSavage
    about how an international deal could get done to bring #oil markets closer into balance. Alberta, like #Texas and other states, has authority to limit production to match supply w/ demand.

    [tweet]1247242809696030721[/tweet]

    16 Apr '20 at 9:06 pm #23488
    TradersCom
    Keymaster

    Dallas Fed’s Kaplan on unemployment and recovery

    Speaking on Bloomberg TV

    US growth to be above potential in 2021
    economy will grow faster than potential during recovery, but crisis may reduce potential growth over longer term

    you’ll see a number of failures in oil industry
    steps to restrain oil production could be appropriate
    excess oil supply to take several months to work off
    Fed should be open-minded about sectors needing aid

    17 Apr '20 at 12:08 am #23492
    TradersCom
    Keymaster

    ConocoPhillips (COP) said on Thursday it would curtail gross production by 225,000 barrels of oil per day, suspend its share repurchase program and further cut its capital spending to weather a rout in oil prices.

    The company said it was currently cutting back production due to low prices for Canadian crude and expects to reduce production at its Surmont oil sands facility in Canada by about 100,000 barrels of oil per day (bpd).

    ConocoPhillips plans to begin curtailing production across 48 U.S. states from May, with an initial cutback of 125,000 bpd.

    Reuters

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