President-elect Donald Trump could be adding another business executive to his cabinet, as reports recently surfaced that he is probing a prominent oil and gas executive for secretary of state. Trump is scheduled to meet with the CEO of Exxon Mobil, Rex Tillerson, sometime this week, a source from inside the Trump transition team tells the Journal. The president-elect chose another business mogul, Steve Mnuchin, a Goldman Sachs executive, for secretary of the treasury. The 64-year-old oil [Read more]
Russia, Saudi Arabia Meet To Plot Future Of Oil Prices
Two major oil-producing countries began discussions last week on the current state of the oil industry, specifically a year-long glut in the oil supply that is destroying profits. Following the announcement, oil prices rose for the three consecutive days. Russian Energy Minister Alexander Novack told the Saudi press that, “the dialogue between our two countries is developing in a tangible way, whether in the framework of a multi-party structure or on a bilateral level,” reports Reuters. Novack [Read more]