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White House: No Opposition to Oil Production Amid Market Instability

3/24/2026

Summary

Story summary

Jarrod Agen, executive director of the White House National Energy Dominance Council, says there is no opposition to oil production.
Speaking at CERAWeek in Houston, Agen says oil companies are supportive, though some hesitate to invest due to market instability.
Following U.S. President Donald Trump's announcement of a temporary pause in strikes against Iran, oil prices ranged from $98 to $88 per barrel, with Alaska and Venezuela potential ramp-ups.

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Story summary

Jarrod Agen, executive director of the White House National Energy Dominance Council, says there is no opposition to oil production.
Speaking at CERAWeek in Houston, Agen says oil companies are supportive, though some hesitate to invest due to market instability.
Following U.S. President Donald Trump's announcement of a temporary pause in strikes against Iran, oil prices ranged from $98 to $88 per barrel, with Alaska and Venezuela potential ramp-ups.