India Builds Clean Power Faster Than It Can Use It

By Editorial Dept - Aug 21, 2026, 9:30 AM CDT Numbers Report – August 21, 2026In 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.1. 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.2. Europe’s Power System Runs Into Hot Water- Europe’s coastal and fluvial regions will be facing growing challenges as rising temperatures cause… COMMUNITY MEMBERSHIP (FREE) GLOBAL ENERGY ALERT ($697 $279 PER YEAR) Breaking energy stories before they hit the mainstream media Top quality analysis from industry veterans Exclusive investment opportunities Digestible data breakdowns Geopolitical insights from our network of over 600 operatives Risk-free 30-day money back guarantee