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Oil and Gas Emergency Policy: Czech Republic 2010 update
Oil and Gas Emergency Policy: Czech Republic 2010 update In 2007, the IEA published Oil Supply Security: Emergency Response of IEA Countries. This report provides an overview of the IEA oil emergency response system and a detailed look at the specific systems in each IEA country for responding to an oil supply crisis. The report represented the findings of a five-year review cycle of the emergency response mechanisms in IEA member countries. Since the 2007 publication, the IEA has started a new cycle of reviews which now includes reviewing gas emergency policies. Rather than waiting for the completion of…
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Czech Republic's legislation on oil security
…s legal oil emergency framework is governed by two acts. The first one is the Act No. 189/1999 on Emergency Stocks (ES) as the main legislation on oil emergency. The second one is the Act No 97/1993 on competence of the Administration of State Material Reserves (ASMR) which deals with the role of ASMR in the oil emergency system. Decree No 165/2013 concerns with the technical aspects of oil emergency stocks. All these documents reflect the Council Directive 2009/119/EC.The Czech Republic is in the process of amendment to the relevant domestic legislation in accordance…
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Oil Market Report - December 2017
…losing almost $1/bbl. Highlights Our forecast for global demand growth remains unchanged at 1.5 mb/d in 2017 (or 1.6%) and 1.3 mb/d in 2018 (or 1.3%). Revisions have been made to data for Nigeria, Germany and Iraq. The baseline for oil demand has been raised by roughly 0.2 mb/d.Global oil supply rose 0.2 mb/d in November to 97.8 mb/d, the highest in a year, on the back of rising US production. Output was nonetheless down 1.1 mb/d on a year ago when Russia and Middle East OPEC producers pumped at…
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Czech Republic Oil Security Policy
…pipeline, which transports crude oil mainly from the Caspian region, is 168 km long (the entire length is 347 km) and its transport capacity usable for the Czech Republic is 200 kb/d. Starting from Vohburg in Germany, the IKL pipeline enters the Czech Republic in the west of the country and ends at the oil depot in Nelahozeves near Prague. The utilisation rate of the IKL in recent years has been about 20-40%. In Vohburg, the IKL pipeline is connected to the TAL pipeline with 868 kb/d capacity, which receives oil via the oil port in Trieste, Italy…
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Energy Policies of IEA Countries: Czech Republic 2010 Review
…the European Union. The energy sector plays an important role for the country’s economy and for the regional energy security. Since the last IEA in-depth review in 2005, the Czech Republic has strengthened its energy policy, further liberalised its electricity and gas markets and made laudable efforts to enhance oil and gas security. The Czech government has a unique opportunity to develop coherent and balanced energy and climate strategies as it currently updates its policy documents. The draft State Energy Concept concentrates on energy security and on maintaining the Czech Republic as a net electricity exporter, through a…
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Oil Market Report - March 2017
…implied refined product stock drawdowns supporting higher throughput. Highlights Having expanded by 1.6 mb/d in 2016, global oil product demand growth is expected to ease back to 1.4 mb/d in 2017. Early indicators of 1Q17 demand support this, with slowdowns seen in January in Japan, Germany, Korea and India.Global oil supplies rose 260 kb/d in February as OPEC and non-OPEC producers pumped more. At 96.52 mb/d, world oil production stood 170 kb/d below a year ago. OPEC posted a year-on-year decline for the second month running. In 2017 non-OPEC output is set to rise…
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Oil Market Report - May 2017
…refinery closures in the Middle East, underperformance in Latin America and flat growth in India are not offset by growth in China and Russia. Highlights Weakness in a number of previously solid countries - India, US, Germany and Turkey - curtailed the 1H17 global demand growth estimate by 115 kb/d. Global demand growth is, however, still forecast at 1.3 mb/d in 2017, with demand at 97.9 mb/d.Global oil supply fell by 140 kb/d in April as non-OPEC, and especially Canada, pumped less. At 96.17 mb/d, output stood 90 kb/d below a year ago, even as non-OPEC returned…
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Oil Market Report - February 2022
…world oil output could rise by 6.3 mb/d in 2022. That would erode effective spare capacity, which could fall from 5.1 mb/d to 2.5 mb/d by year-end. A further 1.3 mb/d of Iranian crude supply could gradually be brought to market should sanctions be lifted.A reassessment of historical data has resulted in a significant upgrade to our demand estimates. While the revisions lift baseline demand – primarily for Saudi Arabia (in LPG use) and China (in the petrochemical sector) – by nearly 800 kb/d, growth rates are largely unchanged. World oil…
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Energy Policies of IEA Countries: Czech Republic 2001
…The Czech Republic has only limited energy resources. Coal is still the leading fuel for power generation but its role is declining. This trend will accelerate with the commissioning of a second nuclear power plant, at Temelín. Oil and gas imports have been diversified and the Czech electricity grid has been connected to Western Europe. Emissions of greenhouse gases and pollutants in the Czech Republic have been reduced, but remain higher than average for IEA Europe. There is also room for improvement in energy efficiency, which would contribute to the country's environmental goals as well as enhance its economic…
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Oil Market Report - January 2017
…crudes. Fuel oil was a strong performer due to supply shortages.Higher estimates for 4Q16 global refinery crude throughput - up by 160 kb/d - were partly responsible for a 260 kb/d downward revision for 1Q17. Our analysis of refined product stocks movements shows a 4Q16 build in the OECD, with the overhang in non-OECD implied refined product inventories persisting. Highlights The global demand outlook for 2016 has been raised following the release of robust preliminary 4Q16 numbers. Colder weather in northern Europe provided impetus as did rapid industrially-driven Asian growth. Global oil demand growth for 2016 is now expected to be 1.5 mb/d…