Trump slams Chevron CEO, demands immediate reduction in US fuel prices

Trump claims Chevron’s success stems from his policies, calling for urgent reductions in US fuel prices for consumers.US President Donald Trump has again demanded that oil companies lower gasoline prices for American consumers, slamming Chevron for not crediting his administration’s work to assist the oil industry as oil prices continue to rise.Petrol prices have surged since the Iran" class="entity-link entity-event" data-entity-id="38678" data-entity-type="event">US-Israel war on Iran. Trump’s demand for lower petrol prices in the US comes as he faces criticism for launching the war on Iran and for its impact on costs for millions of Americans – and as November’s midterm elections draw closer.Recommended Stories list of 3 itemslist 1 of 3US GDP growth dips as inflation and trade deficits pressure economylist 2 of 3US or Iran — Who needs a new truce deal more?list 3 of 3Trump says new Iran negotiations starting: What we knowend of listOil prices dropped five percent on Monday, as Trump told reporters a deal with Iran is imminent and new negotiations are set to start.Brent Crude, the main international benchmark, stood at $82.91 per barrel as of 11:59am GMT on Monday, down five percent from a day earlier and down nearly 18 percent from last month’s peak of $101.On Monday, Trump criticised Mike Wirth, the chairman and CEO of the multinational oil and gas company Chevron, for not crediting his administration for Chevron’s current performance. He went on to say that Chevron and other oil companies should immediately lower prices, which he has done previously.“The only thing [Wirth] conveniently forgot to mention is that, without the genius, foresight, strength, and stability of the TRUMP Administration, the Oil Industry, and our Country itself, would be DEAD! As an example, they threw Mike and Chevron out of Venezuela, but now they’re back, far bigger and stronger than ever before, expecting to make a fortune!”“That goes for other Oil Companies as well… and get your consumer (retail!) Oil Prices DOWN, NOW!”