India Builds Clean Power Faster Than It Can Use It | EN590 Commodities
EN590 Commodities GroupCrude Oil August 21, 2026
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. 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
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