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Biden calls on FTC to probe anti-consumer behavior by energy companies as gas prices soar

US President Joe Biden speaks during an event to commemorate Veterans Day at The Tomb of the Unknown Soldier at Arlington National Cemetary in Arlington, Virginia on November 11, 2021.Nicholas Kamm | AFP | Getty ImagesPresident Joe Biden is asking the Federal Trade...

OPEC member calls for calm after U.S. pressure to pump more oil

The United Arab Emirates' energy minister on Wednesday defended OPEC and its allies' decision to not increase oil supply to the market, despite U.S. pressure to pump more."I would encourage people to calm, trust us," Suhail al-Mazrouei told CNBC's Hadley Gamble from the...

Biden, Xi kick off virtual meeting with calls to increase communication

Chinese President Xi Jinping shakes hands with U.S. Vice President Joe Biden (L) inside the Great Hall of the People in Beijing December 4, 2013.Lintao Zhang | ReutersBEIJING — U.S. President Joe Biden and Chinese President Xi Jinping kicked off a virtual meeting...

Mohamed El-Erian pours cold water on calls for $100 oil

Mohamed El-ErianDavid Orrell | CNBCProjections for oil prices to hit $100 per barrel overlook key questions over the future of demand, according to Mohamed El-Erian, chief economic advisor at Allianz and chair of Gramercy Fund Management.Both international benchmark Brent crude and U.S. crude...

Prince Charles calls for ‘war-like footing’ in speech at COP26

The Prince of Wales delivers a speech during the opening ceremony of the UN Climate Change Conference COP26 in Glasgow, Scotland, on November 1, 2021.Yves Herman - WPA Pool | Getty Images News | Getty ImagesLONDON — Prince Charles issued an urgent call...