Biden to charge that oil companies ‘refuse to help lower prices at the pump’ in afternoon speech

President Joe Biden on Monday will speak about major oil XLE, +0.90% companies’ record-setting profits, “even as they refuse to help lower prices at the pump for the American people,” the White House announced. Biden’s remarks are scheduled for 4: 30 p.m. Eastern in the Roosevelt Room of the White House, and come just over a week before key U.S. midterm elections, in which energy prices and inflation are playing a critical role.