Energy Secretary Chris Wright and Interior Secretary Doug Burgum will urge the heads of top U.S. oil and gas companies in a call Thursday to increase drilling to lower oil prices, three people with direct knowledge of the call told POLITICO.
White House officials have invited the CEOs of Exxon Mobil, Chevron, Occidental Petroleum, Continental Resources and other major oil companies to the Thursday call, according to the two people, both of whom asked to remain anonymous because they were not authorized to speak to reporters. Company representatives did not immediately respond to requests for comment. The White House and the Energy Department also did not immediately comment, while the Interior Department declined to provide specific information.
“Out of respect for the importance, and sometimes confidentiality, of these discussions, the department has no statement to make on private meetings,” a spokesperson said in an email.
The impromptu conference with key officials comes as the Trump administration escalates confrontation with Iran, whose closure of the Strait of Hormuz in response to joint US-Israeli attacks has sent global oil prices soaring and created fuel shortages in some countries. The administration is asking the oil industry to produce more","Add":{"Target": :"New","Property":(),"url": :"https://www.politico.com/news/2026/03/23/wright-urges-oil-and-gas-industry-to-up-production-amid-iran-war-00839747","_Identification": :"0000019d-9386-d970-a79f-d3a604bf0008","_Type": :"33ac701a-72c1-316a-a3a5-13918cf384df"},"_Identification": :"0000019d-9386-d970-a79f-d3a604bf0009","_Type": :"02ec1f82-5e56-3b8c-af6e-6fc7c8772266"}”>Asking the oil industry to produce moreBut due to fluctuating prices, producers are still holding back.
Gasoline prices are about $1 a gallon higher than a year ago, but still remain above $100 a barrel, as oil prices have fluctuated wildly since the war began. That surge has dented President Donald Trump’s popularity","Add":{"Target": :"New","Property":(),"url": :"https://www.politico.com/news/2026/03/30/trump-approval-drops-midterm-fears-00851001","_Identification": :"0000019d-9386-d970-a79f-d3a604bf000a","_Type": :"33ac701a-72c1-316a-a3a5-13918cf384df"},"_Identification": :"0000019d-9386-d970-a79f-d3a604bf000b","_Type": :"02ec1f82-5e56-3b8c-af6e-6fc7c8772266"}”>President Donald Trump’s popularity decreased and jeopardized Republicans’ congressional majority in the November midterm elections.
The increased prices are expected to continue. Trump imposed a naval blockade of Iranian ports this week to pressure Tehran for a peace deal, threatening to push prices even higher","Add":{"Target": :"New","Property":(),"url": :"https://www.politico.com/news/2026/04/14/trump-iran-oil-prices-00869939","_Identification": :"0000019d-9386-d970-a79f-d3a604bf000c","_Type": :"33ac701a-72c1-316a-a3a5-13918cf384df"},"_Identification": :"0000019d-9386-d970-a79f-d3a604bf000d","_Type": :"02ec1f82-5e56-3b8c-af6e-6fc7c8772266"}”>raise prices even higher.
There will be a price and energy supply crisis The situation will worsen in the coming weeks","Add":{"Target": :"New","Property":(),"url": :"https://subscriber.politicopro.com/article/2026/04/energy-gloom-settles-over-economic-gatherings-00872155","_Identification": :"0000019d-9386-d970-a79f-d3a604bf000e","_Type": :"33ac701a-72c1-316a-a3a5-13918cf384df"},"_Identification": :"0000019d-9386-d970-a79f-d3a604bf000f","_Type": :"02ec1f82-5e56-3b8c-af6e-6fc7c8772266"}”>The situation will worsen in the coming weeksExperts sounded the warning at International Monetary Fund and World Bank events and annual spring meetings this week. The IMF has revised downwards its global growth forecast due to the effects of the energy crisis.
