Vice President JD Vance and Energy Secretary Chris Wright will meet this week with top oil company executives in Washington as the Trump administration works to tame spiking oil prices, people familiar with the meeting said Wednesday.
The American Petroleum Institute, the country’s largest oil and gas lobbying association, confirmed Vance and Wright would address its board, which includes executives from some of the biggest oil companies in the world.
The meeting comes amid simmering tension between the White House and industry over how to limit the economic fallout from the joint U.S.-Israel attacks on Iran. Sharp swings in oil prices and an unpredictable war have put the energy industry in a tough spot as they weigh how to adapt their business plans to navigate the tense geopolitical situation.
The meeting between the top administration officials and API had been in the works for several months and was originally supposed to be focused on permitting reform, a top legislative priority for the lobbying group, according to one of the people familiar with the meeting. A White House spokesperson referred questions to the vice president’s office, which did not immediately respond to a request for comment. The Energy Department also did not immediately respond to a request for comment.
