Trump orders plan to fund US oil companies

Trump orders plan to fund US oil companies

Channel NewsAsia - World·2020-04-21 22:31

Oil markets have been ravaged this year by a collapse in demand caused by the virus and the Saudi-Russian price war AFP/Mark Felix

WASHINGTON: President Donald Trump on Tuesday (Apr 21) ordered his administration to come up with a plan to aid US oil companies struggling with a massive supply glut and record low crude prices.

READ: Oil prices crash below US$0 for first time amid devastating glut

"We will never let the great U.S. Oil & Gas Industry down," Trump tweeted.

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