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Ireland 2024
Energy Policy Review Government action plays a pivotal role in ensuring secure and sustainable energy transitions and combatting the climate crisis. Energy policy is critical not just for the energy sector but also for meeting environmental, economic and social goals. Governments need to respond to their country’s specific needs, adapt to regional contexts and help address global challenges. In this context, the International Energy Agency (IEA) conducts Energy Policy Reviews to support governments in developing more impactful energy and climate policies. This Energy Policy Review was prepared in partnership between the Government of Ireland and the IEA. It draws…
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Oil Market Report - October 2024
…September as gasoline, jet and diesel cracks deteriorated while crude prices improved on a relatively tighter market. As a result, global crude run estimates are further reduced by 180 kb/d to 82.8 mb/d for 2024 and by 210 kb/d to 83.4 mb/d in 2025, representing annual gains of 540 kb/d and 610 kb/d, respectively.Observed global oil inventories declined by 22.3 mb in August, led by a 16.5 mb draw in crude oil stocks. OECD industry stocks fell counter-seasonally by 13.4 mb to 2 811 mb, 102.7…
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Energy Policies of IEA Countries: Ireland 2019 Review
The International Energy Agency (IEA) has conducted in-depth peer reviews of the energy policies of its member countries since 1976. This process supports energy policy development and encourages the exchange of international best practices and experiences. This report on Ireland discusses the challenges faced as well as possible solutions to help the country’s energy sector continue towards a secure and sustainable future. Despite making substantial advances to transform its energy sector, Ireland is not on course to meet its 2020 greenhouse gas emissions reduction target. The decarbonisation of heating in buildings, one focus of this report, is a…
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Energy Policies of IEA Countries: Ireland 2003
Energy Policy Review Energy Policies of IEA Countries: Ireland 2003 The International Energy Agency's 2003 review of Ireland's energy policies and programmes. It finds that in the four years since the last in-depth Review, the Irish energy sector has seen a number of important developments, notably reform of the electricity and natural gas markets, and the move towards cutting greenhouse gas emissions. Market reform promises multiple economic benefits, although the government must ensure that the incumbent players do not enjoy undue advantages and that enough new competitors enter the market.
Ireland’s climate change policy is making… -
Energy Policies of IEA Countries: Ireland 2012 Review
Energy Policy Review Energy Policies of IEA Countries: Ireland 2012 Ireland has suffered a significant economic downturn, but remains committed to its ambitious energy targets to bring the country towards a low-carbon economy. Ireland’s location at the edge of the Atlantic Ocean ensures one of the best wind and ocean resources in Europe, and Ireland has set the ambitious target of producing 40% of its electricity from renewable sources by 2020. Ireland is highly dependent on imported oil and gas. While the push to develop renewable energies is commendable, this will result in an increased reliance on natural…
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Oil Market Report - September 2017
…forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Highlights Global oil demand grew very strongly year-on-year in 2Q17, by 2.3 mb/d (2.4%). For 2017, we have revised upwards our growth estimate to 1.6 mb/d. OECD demand growth continues to be stronger than expected, particularly in Europe and the US. Hurricanes Harvey and Irma are projected to slow US oil demand growth in 3Q17.Global oil supply fell by 720 kb…
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Oil Market Report - June 2017
…Europe, Singapore and in vessels offshore, but rising in the US and China.Benchmark crude oil prices fell after 23 May, reflecting lower expectations about the pace of global market rebalancing. At publication time, crude prices are close to the levels when the OPEC output deal was announced. Fuel oil prices and cracks were boosted as stocks fell to their lowest level in two years due to tight supplies of sour crudes. Gasoline and naphtha prices fell.Record high US refinery throughput in April and May led to upward revisions to our 2Q17 and 3Q17 forecasts. Global refinery intake is projected to reach…
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Oil Market Report - September 2018
…of 32.63 mb/d in August. A rebound in Libya, near record Iraqi output and higher volumes from Nigeria and Saudi Arabia outweighed a substantial reduction in Iran and a further fall in Venezuela.From August's record rate of 83.5 mb/d, global crude runs decline due to maintenance before surging in December to another record high of 84.5 mb/d. US refining is booming with runs almost reaching 18 mb/d in August, while Latin American activity continues to fall.OECD commercial stocks rose 7.9 mb in July to 2 824 mb, only the fourth monthly increase in the last year…
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Powering Ireland’s Energy Future
Approaches for a secure, renewables-led electricity system to 2035 Ireland has emerged as a frontrunner in integrating wind power, which supplied around a third of its electricity in 2024. As this power system transformation continues, electricity is set to be the backbone for achieving Ireland’s climate, energy and socio-economic ambitions, making electricity security critical to realising progress in key areas including housing, digital infrastructure, transport and heat. Going forward, Ireland faces strategic choices on how to align its ambitions while ensuring secure electricity supply to 2035.This report assesses the outlook for Ireland’s energy security to…
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Oil Market Report - July 2018
The IEA Oil Market Report (OMR) is one of the world’s most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Highlights Demand got off to a strong start this year with global 1Q18 growth at over 2 mb/d, helped by cold weather in the northern hemisphere. Recent data, however, point to a slowdown, with rising prices a factor. In 2Q18, growth slowed to 0.9 mb/d. In 1H18…