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Oil CEOs, Biden Officials Warn Oil Volatility Is Here to Stay
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wsj.comHOUSTON—The chief executives of some of the world’s largest oil companies and U.S. government officials warned Monday that there were no quick-fix solutions to the higher energy prices and market volatility that have followed Russia’s invasion of Ukraine.
The chief executives of Exxon Mobil Corp., Hess Corp. and France’s TotalEnergies SE and presidential climate adviser John Kerry said there was no immediate relief in sight as oil prices top $120 a barrel, and even higher energy prices and global economic disruption were likely.
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