"Murkowski Pushes Mnuchin For Oil Company Loans"

"Senate Energy and Natural Resources Chairwoman Lisa Murkowski (R-Alaska) sent a letter to Treasury Secretary Steven Mnuchin asking him to ensure that U.S. oil and gas companies can get federal loans provided for businesses in the coronavirus stimulus package.

“There is no question that one of the hardest hit industries — and one of the most critical to Alaska — is the oil and gas sector,” Murkowski wrote in a letter shared Thursday. “Producing companies and the businesses that contract with them are being impacted not only by the market demand shock from the coronavirus, but also the Russia-Saudi Arabia power struggle against American energy.”

Murkowski’s request gets at exactly what some Democrats feared: that oil companies might benefit from the stimulus package."

Rebecca Beitsch reports for The Hill April 2, 2020.

SEE ALSO:

"GOP Lawmakers Ask Trump To Assist Oil And Gas Producers" (The Hill)

"Oil Giants Meet At White House Amid Talk Of Buying Strategic Reserves" (The Hill)

"Oil Set To ‘Crater’ Monday As OPEC Meeting Delayed, Tensions Flare Between Saudi Arabia And Russia" (CNBC)

"Oil Falls 12% On Doubts Over Any Saudi-Russia Deal" (Financial Times)