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Netherlands' legislation on oil security
Introduction The Netherlands utilises a multi-layered legislative approach to oil supply emergencies. While the 2012 Law on Stockpiling Petroleum Products (LSPP) provides the primary legislative framework, further details are spelled out by the 1979 Law on the Implementation of the International Energy Programme (LIEP), the 1939 Distribution Law (DL), the 1990 Regulation on Traffic Rules and Transport (RTRT) and by the 1950 Law on Economic Offences (LEO). Relevant domestic legislation Related domestic legislation Relevant European Union legislation Other related links Circumstances triggering operation of the emergency response system Article 2(1) LIEP allows for the Dutch emergency response system…
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Oil Market Report - March 2022
…ICE Brent oil futures slid to around $100/bbl after touching an intraday high of nearly $140/bbl on 8 March. Prices jumped from $90/bbl in early February following the invasion of Ukraine and as supply concerns mounted. Prices have eased again on economic concerns, surging Covid cases in China and traders reducing positions due to extreme volatility. At a crossroads Faced with what could turn into the biggest supply crisis in decades, global energy markets are at a crossroads. Russia’s invasion of Ukraine has brought energy security back to the forefront of political agendas as commodity prices…
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Energy Policies of IEA Countries: Netherlands 2004
Energy Policy Review Energy Policies of IEA Countries: Netherlands 2004 The International Energy Agency's comprehensive review of the Netherland's energy policies and programmes for 2004. It finds that the Netherlands is to be commended for the pragmatism and innovativeness of its energy policy. It has provided the country with secure energy supply and economic benefits arising from competition but with due regard paid to environmental issues. The major challenges are the reorganisation of the gas market structure and curbing the growth of energy demand in the transport sector.
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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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Energy Policies of IEA Countries: Netherlands 2000
…for the long term. But efficient markets are also important to the Dutch. In the electricity and gas industries, full retail competition is to be introduced on an accelerated schedule in 2004. Since competition was introduced into the power market in 1998, the necessary institutions and secondary legislation have been put in place, making the market highly competitive. Three out of the four large generators in the country have been sold to foreign utility investors. There is room for improvement in the rules for the allocation of interconnector capacity, to be found in co-operation with the Netherlands’ European neighbours.
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Oil Market Report - May 2023
…oil demand is forecast to rise by 2.2 mb/d year-on-year in 2023 to an average 102 mb/d, 200 kb/d above last month’s Report. China’s demand recovery continues to surpass expectations, with the country setting an all-time record in March at 16 mb/d. While the OECD is set to return to growth in 2Q23, its average 2023 increase of 350 kb/d pales in comparison with 1.9 mb/d in non-OECD gains.Significant outages in Iraq, Nigeria and Brazil were only partly offset by increases elsewhere, with global oil…
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Oil Market Report - June 2022
…for nearly 80% of growth next year.Non-OPEC+ is set to lead world supply growth through next year, adding 1.9 mb/d in 2022 and 1.8 mb/d in 2023. As for OPEC+, total oil output in 2023 may fall as embargoes and sanctions shut in Russian volumes and producers outside the Middle East suffer further declines. Assuming Libya rebounds from a steep drop, the bloc’s production could increase 2.6 mb/d this year, eroding its spare capacity cushion.Global refining capacity is set to expand by 1 mb/d in 2022 and 1.6…
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Energy Policies Beyond IEA Countries: Russia 2014
Russia’s energy sector plays an essential role for the Russian economy, its energy security and global hydrocarbon supplies. Russia holds among the world’s largest resources of gas, oil and coal. Its liquids production has reached historical highs, yet major additional upstream investments and technology upgrades will be needed to sustain these levels in the long term. Its gas production is also at high levels, with Gazprom being the dominant producer, and with other companies now taking significant roles. Since the last IEA review of Russia’s energy policies in 2002, the power sector has also liberalised considerably. The…
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The Netherlands’ Effort to Phase Out and Rationalise its Fossil-Fuel Subsidies
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This report summarises the key aspects of the Netherland’s energy system, analyses support measures relating to fossil fuels and provides policy recommendations to the government. Executive summary As part of the G20 commitment to phase-out inefficient fossil-fuel subsidies that encourage wasteful consumption, several G20 member countries volunteered to undergo a peer review of their fossil-fuel subsidies. China, Germany, Indonesia, Italy, Mexico, and the United States were the first six countries to participate in such an undertaking. Argentina and Canada are currently working on a reciprocal peer review of their fossil-fuel subsidies and France and India… -
Oil Market Report - June 2023
…Russian crude in Asia skews activity away from the Atlantic Basin. Refinery margins were stable in May, with gains in Atlantic Basin light distillates partially offset by weaker middle distillates.Global observed oil inventories rose by 10 mb in April as a 15.9 mb decline in oil on water and a 1.1 mb drop in non-OECD stocks partly offset a 27 mb build in OECD stocks. OECD industry stocks rose by 33.6 mb but were still 86.4 mb lower than the five-year average. Preliminary May data show a further stock build in OECD countries…