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White House tensions with oil industry remain high after ‘productive’ meeting with refiners

Highlights

Industry says ‘constructive discussion’ positive for market

White House wants oil profits put back into refining

Says no decision yet on crude export ban

Heated rhetoric from the White House and oil industry prompted an in-person meeting June 23 between US Energy Secretary Jennifer Granholm and top oil executives, with few details being made public beyond assurances from both sides that the conversation was productive and would be ongoing.

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The “constructive discussion” focused on “ways to address rising energy costs and create more certainty for global energy markets,” the American Petroleum Institute and American Fuel & Petrochemical Manufacturers said in a joint statement.

They contended that “productive outcomes” from the meeting “should…

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