India Builds Clean Power Faster Than It Can Use It
Saudi Oil Exports from Mediterranean Soar with Shuttles North to Avoid Houthis In the latest edition of the Numbers Report, we will take a look at some of the most interesting figures put out this week in the energy and metals sectors.
Each week we’ll dig into some data and provide a bit of explanation on what drives the numbers.Let’s take a look.
US Oil Majors Turn Homeward as War Hits Output - US oil majors are increasingly prioritizing upstream investment in the US and the wider Americas region as Donald Trump’s war against Iran has slashed their 2026 production outlook.- Despite extremely positive Q2 results for most majors, with both Exxon and Chevron posting double-digit billion-dollar returns, the gains were almost entirely driven by price effects, not production growth.- Chevron was the only US major to post quarter-on-quarter and year-on-year production growth, whilst Shell’s output fell by a whopping 300,000 b/d.- To offset production losses in Qatar and Oman, ExxonMobil has boosted its US production to a record 2.1 million b/d, whilst Chevron has been at the forefront of Venezuela’s upstream revival.- US oil majors’ bumper profits in the wake of the US-Iran war have allowed for drastic reductions in their net debt, with Chevron and ExxonMobil paying down $8 billion and $7 billion, respectively.
Europe’s Power System Runs Into Hot Water - Europe’s coastal and fluvial regions will be facing growing challenges as rising temperatures cause… In the latest edition of the Numbers Report, we will take a look at some of the most interesting figures put out this week in the energy and metals sectors.
Each week we’ll dig into some data and provide a bit of explanation on what drives the numbers.Let’s take a look.
US Oil Majors Turn Homeward as War Hits Output - US oil majors are increasinglyprioritizingupstream investment in the US and the wider Americas region as Donald Trump’s war against Iran has slashed their 2026 production outlook.- Despite extremely positive Q2 results for most majors, with both Exxon and Chevron posting double-digit billion-dollar returns, the gains were almost entirely driven by price effects, not production growth.- Chevron was the only US major to post quarter-on-quarter and year-on-year production growth, whilst Shell’s output fell by a whopping 300,000 b/d.- To offset production losses in Qatar and Oman, ExxonMobil has boosted its US production to a record 2.1 million b/d, whilst Chevron has been at the forefront of Venezuela’s upstream revival.- US oil majors’ bumper profits in the wake of the US-Iran war have allowed for drastic reductions in their net debt, with Chevron and ExxonMobil paying down $8 billion and $7 billion, respectively.
Europe’s Power System Runs Into Hot Water - Europe’s coastal and fluvial regions will befacinggrowing challenges as rising temperatures cause more frequent disruptions to marine and freshwater systems, constraining cooling water operations and lowering thermal efficienc.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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