It will be part "victory lap" for Trump's early support of the industry, according to one source familiar with the planning of the closed-door event.

Tariffs, tax credits and deregulation are among the industry’s top priorities. Oil and gas executives will meet with President Trump at the White House on Wednesday as they seek to influence him on tariffs, tax credits and deregulation.

President Trump will meet with oil executives on Wednesday afternoon, a senior White House official told The Hill. Around 15 executives with oil companies and the American Petroleum Institute, a

Oil prices fell on Wednesday after Russia agreed to U.S. President Donald Trump's proposal that Moscow and Kyiv temporarily stop attacking each other's energy infrastructure, a move that could eventually pave the way for Russian oil to enter global markets.

Oil futures finished with a loss on Tuesday as Russia’s temporary cease-fire on Ukraine’s energy infrastructure lifted the possibility that the U.S. will ease sanctions on the flow of crude from Moscow.