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CERAWEEK-US oil executives to meet with Trump next week
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CERAWEEK-US oil executives to meet with Trump next week
Mar 12, 2025 2:27 PM

(Adds previous comments from API and context in paragraphs 5

and 6)

By Jarrett Renshaw and Ron Bousso

HOUSTON, March 12 (Reuters) - U.S. oil producers will

meet with President Donald Trump next week, leading industry

group the American Petroleum Institute said on Wednesday.

Among the topics for discussion are tariffs, trade and

exports of liquefied natural gas, an industry source told

Reuters.

The API, which counts oil majors ExxonMobil ( XOM ) and

Chevron ( CVX ) as members, helped put together the meeting.

"We appreciate the opportunity to discuss how American oil

and natural gas is driving economic growth, strengthening our

national security and supporting consumers with the President

and his team," API spokesperson, Bethany Williams, told Reuters

when asked about the meeting.

Trump is pursuing a trade war with allies Mexico and Canada

that the API has publicly opposed. Trump has imposed tariffs on

imported crude from Canada and Mexico but issued exemptions as

long as producers can prove producers comply with the trade

agreement between the three countries, the United

States-Mexico-Canada Agreement.

Last month, in response to the tariffs, API CEO Mike

Sommers said, "Energy markets are highly integrated, and free

and fair trade across our borders is critical for delivering

affordable, reliable energy to U.S. consumers."

Oil and gas interests donated some $75 million to

Trump's presidential campaign, the Republican National Committee

and allied groups, according to data compiled by the OpenSecrets

organization.

Billionaires Harold Hamm of Continental Resources, Kelcy

Warren of Energy Transfer Partners and Jeffery Hildebrand of

Hilcorp Energy Co are among the highest-profile oil and gas

contributors to Trump. They and their spouses donated some $15

million to Trump's election efforts, data shows.

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