US oil executives to meet Trump on energy policy

US oil executives will meet with President Trump this week to discuss energy policy, focusing on coal's rising importance amid falling crude prices and production uncertainties. The International Energy Agency has lowered global oil consumption growth projections. Coal prices in Asia are at their lowest since 2021 due to oversupply, but demand is increasing, especially in the US. The Trump administration is working to prevent coal plant closures as usage is expected to rise through at least 2027. Cobalt prices are surging following a surprise four-month export ban from the Democratic Republic of Congo, the largest producer. This ban has led to a spike in cobalt hydroxide prices, reaching their highest level since July 2023.