U.S. President Donald Trump will host top oil executives at the White House to discuss strategies for boosting domestic energy production amid falling crude prices and looming trade wars. This meeting, the first since Trump’s second term began in January, will include members of the American Petroleum Institute’s (API) executive committee. Key industry leaders such as ExxonMobil CEO Darren Woods, Chevron CEO Mike Wirth, and ConocoPhillips CEO Ryan Lance are expected to attend. The discussion will reflect on Trump’s early support for the industry and address concerns over his trade policies. Executives are likely to emphasize the need for higher oil prices to support domestic production growth. Trump’s administration aims to increase U.S. oil production by up to 3 million barrels per day and reduce energy prices by rolling back environmental regulations and expediting permitting processes. Energy economist Ed Hirs suggests that higher oil prices are crucial for maintaining production and energy independence. Analysts predict Brent oil prices will average $73 per barrel in 2025, influenced by U.S. tariff policies and OPEC+ output plans. The API has opposed Trump’s trade war with Mexico and Canada, highlighting the importance of free and fair trade for affordable energy. The API has proposed a five-point energy plan including permit reform, increased offshore oil leasing, and tax credits for carbon capture and hydrogen production.