The Trump Administration will review solutions to the pain felt by US oil producers as oil prices fall to multi-year lows on Monday, according to Bloomberg . Administration officials will present the President with options, which will include financial assistance to industries affected by the coronavirus and the oil price crash. These measures may include cash injections, tax credits, payroll tax cuts, and tariff reductions on specific Chinese imports, Bloomberg sources familiar with the matter said on Monday. Oil prices fell sharply since on Monday after the OPEC+ talks fell apart on Friday and Saudi Arabia and Russia vowed to increase oil production in an oil price war that saw Saudi slash its OSP for April by between $6 and $8 per barrel. By Monday afternoon, the WTI Crude grade had fallen 25.02% to $30.95 —the largest oil price slide in years. US oil companies were hit hard on […]