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Trump To Meet Oil Industry Leaders To Discuss Coronavirus Impact On Industry

U.S. President Donald Trump

U.S. President Donald Trump has confirmed that he will meet US oil company executives at the White House on April 3 to discuss the impact of the coronavirus pandemic on their industry.

The industry has been badly affected as demand for energy has fallen parallel with government-imposed restrictions on business aimed at controlling the outbreak.

A dispute between Russia and Saudi Arabia over production cuts has also been a factor in the collapse of oil prices.

Trump, speaking at a White House briefing on April 1, did not specify which companies would be represented at the meeting.

He did, however, comment on the dispute between Saudi Arabia and Russia, saying the two countries are in talks and he believes they will work out their differences.

Trump's national-security adviser, Robert O'Brien, also spoke at the briefing, saying the United States "will work with the world's largest oil producers to address volatility in global oil markets."

Based on reporting by AFP and Reuters