News in Numbers

Russia’s oil and gas revenue fell by 47% between January and June 2023; the US Treasury attributes the fall to a price cap imposed by Western nations.

Venezuela’s government has appealed a lower US court ruling that would enable companies and bodies to buy shares in the Venezuelan state-owned indirect parent company of oil refiner Citgo, to satisfy $20bn of long-running debts.

European spot gas prices rose to highs of €41/MWh, as Australian gas plant workers balloted for strike action at a Chevron plant.

Abu Dhabi National Oil Company (ADNOC) has accelerated its decarbonisation plan to release zero Scope 1 and 2 emissions by 2045.

A US court has found that oilfield services company ProFrac did not violate a Halliburton patent on electric fracking equipment, which claims to reduce CO₂ equivalent emissions by up to 60%.