Overview

• President Trump is meeting with top oil executives, including leaders from ExxonMobil, Chevron, and ConocoPhillips, to outline his energy agenda.
• The American Petroleum Institute's five-point energy plan, which includes permit reform and offshore oil leasing, is expected to be a key topic of discussion.
• Oil industry leaders plan to raise concerns about trade wars with Canada and Mexico, which have led to tariffs on crude imports and disrupted energy markets.
• Analysts project Brent oil prices to average $73 per barrel in 2025, a decline attributed to U.S. tariff policies and increased production by OPEC+.
• The administration aims to boost domestic oil output by reducing regulations and expediting permitting, while industry leaders advocate for higher oil prices to sustain growth.