WASHINGTON: The US administration is considering loans to energy companies hit by the global economic shutdown caused by the coronavirus pandemic, Treasury Secretary Steve Mnuchin said Sunday.
“The secretary of energy and I are studying it and we’re looking at it very carefully,” he said on Fox News Sunday. On Friday, Mnuchin told reporters that one of several possible alternatives was for the government to take equity stakes in troubled oil companies.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: