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Exxon CEO responds to White House’s call for investigation of ‘anti-consumer behavior’

Darren Woods, Chairman and CEO, Exxon Mobil.Katie Kramer | CNBCExxon said Wednesday that President Joe Biden's call to investigate "potentially illegal conduct" within the oil and gas industry is unwarranted."If you go back in time in history, every time we see the supply...

Contrarian call suggests consumers are in trouble this holiday season

It may be evidence inflation is meaningfully stretching budgets.According to economic forecaster Lakshman Achuthan, Wall Street is ignoring a striking consumer spending slowdown that will translate into an underwhelming holiday season."There's still this narrative that the rebound is there," the Economic Cycle Research...

COP26 ‘definitely a wake-up call’, says OPEC’s Barkindo

The secretary general of oil producer group OPEC has said the COP26 climate summit in Glasgow was "definitely a wake-up call."Speaking to CNBC at the ADIPEC energy industry forum in Abu Dhabi, Mohammad Barkindo was asked if the deal eventually reached in Glasgow...