CERAWEEK Top Oil Executives Reckon with Downturn Even as Trump Cheers Them On
The energy industry is facing a perfect storm of declining oil prices, rising costs, and regulatory uncertainty, forcing companies to slash thousands of jobs and cut investment. Oil majors are grappling with mass layoffs and activist investor pressure to transform their performance. The industry's reset will be front and center at the CERAWeek conference, where executives and policymakers will discuss the future of energy policy.
- The Trump administration's policies have already upended trade flows, threatening to drive up the cost of oil that US refiners need from Canada and Mexico, while his rapid pivot on Russia could upend global oil flows and reduce the European market for US oil.
- How will the ongoing shift in energy policy impact the long-term competitiveness of US oil producers, particularly as they navigate the complex web of global regulations and trade agreements?