Oil executives met with President Trump to push for faster permitting but avoided discussing falling crude prices. The meeting focused on Trump’s pro-energy policies, including easing regulations and approving gas export licenses. However, concerns remain over his plan to lower energy prices, which could hurt domestic production.The meeting focused on speeding up permitting and ensuring long-term project approvals, with no discussion on oil prices.
Executives stressed the need for regulatory reforms to be passed into law. Burgum highlighted how lengthy permitting delays hinder critical infrastructure development.
Top oil executives from major companies met with President Trump to discuss energy policies, focusing on regulatory reforms. Mike Sommers, API president, emphasized their push for “commonsense energy solutions” aligned with their policy roadmap. A final attendee list was not immediately available.Baker Hughes CEO called the meeting positive, focused on energy investment.
Trump reaffirmed his commitment to U.S. energy dominance. Energy Secretary Wright dismissed a $50 crude price target, while Trump welcomed recent price drops.Wright denied mentioning $50 oil, stressing supply and demand. He said deregulation is boosting supply, lowering costs, and easing production risks.
