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President Donald Trump in a tweet on Tuesday said he’s instructed his Treasury and Energy Secretaries to craft a plan to make financial relief available to U.S. oil and gas developers “so that these very important companies and jobs will be secured long into the future.”
Oil prices have plummeted after a global price war between Saudi Arabia and Russia and a steep decline in energy usage with so many nations around world shutting down large parts of their economies to slow the coronavirus pandemic.