Thursday , 11 June 2026

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Exxon says world needs more oil even as emission concern lingers

Bloomberg Exxon Mobil Corp’s Darren Woods says his company is at the center of a delicate balancing act between those who want a cleaner environment and those seeking economic growth that depends on rising energy demand. Exxon is planning to invest more than $200 billion in major oil and gas projects around the world over seven years, a signal that …

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Russian oil output tops OPEC target ahead of Vienna talks

Bloomberg Russia breached its oil-output quota agreed with OPEC for a third straight month as the producing alliance prepares for crucial talks this month on increasing supplies. Oil output averaged 10.97 million barrels a day in May, almost unchanged from a month earlier, according to data emailed by the Energy Ministry’s CDU-TEK statistics unit. That means its compliance with the …

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Trump duties help double US solar capacity

Bloomberg President Donald Trump wanted more US solar manufacturing — and now he’s getting it. Hanwha Q Cells Korea said it will build a factory in Georgia. JinkoSolar Holding Co. of China is planning one in Florida. And US companies SunPower Corp. and First Solar Inc. say they’ll boost production in Oregon and Ohio. The expansion underscores how immediate the …

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