News in Numbers

The European hit its lowest mark since the beginning of the energy crisis on 8 May, when the European TTF benchmark closed at €35.57/MWh, the first time the price has dropped below €36/MWh since summer 2021.

The level of European gas storage on 8 May 2023. The European Commission wants EU gas storage to be at least 90% full by 1 October each year.

Analysis by Oil Change International shows that OECD countries supported fossil fuel exports by an average of $41bn between 2018 and 2020.

Mentions of ‘renewable energy’ in company filings in the oil & gas industry decreased by 44% in Q1 2023 compared with the previous quarter, according to analysis by GlobalData.

In the 2022–2023 financial year, Australia is forecast to earn A$464bn ($302bn) from resource and energy exports, according to the federal Office of the Chief Economist’s latest quarterly update in March.