America may buy shares in energy companies to stabilize the market

US Secretary of the Treasury Steven Mnuchin said the authorities allow the possibility of buying shares in energy companies, which are currently in a difficult financial situation, Economichna Pravda reports.

He noted that all possible alternatives are being considered now, since the country's energy sector has been seriously affected by the fall in energy prices and the restrictive measures introduced during the pandemic.

US President Donald Trump said he intended to help the industry.

He also added that in order to stabilize world prices, Saudi Arabia and Russia had to reduce oil production, as Canada was doing, as well as the states of Texas, Oklahoma and North Dakota.

Tags: gas, contracts, oil, hydrocarbon production, legislation, USA, gas production, добыча нефти, GTS, drilling, коронавирус, RF, foreign affairs, oil transit, volumes, oil products, infrastructure, quarantine, Brent, WTI, pandemia, Saudi Arabia, Trump, COVID-19, энергетическая безопасность, oil companies, oil reserves

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