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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 - 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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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 - 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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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 - 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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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…
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Oil Market Report - August 2018
…unchanged at 1.4 mb/d. In 2019 growth accelerates slightly to 1.5 mb/d, but there are risks to the forecast from escalating trade disputes and rising prices if supply is constrained.Global oil supply rose by 300 kb/d in July to 99.4 mb/d, 1.1 mb/d above a year-ago. Compliance with the Vienna Agreement eased to 97% in July as output cuts were relaxed. Non-OPEC production is expected to grow by 2 mb/d in 2018 and by 1.85 mb/d next year.OPEC crude oil output was steady in July, at 32.18 mb/d. An unexpected decline in…
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Oil Market Report - September 2018
…significant inventory builds in Japan and the US, and a fall in Europe.ICE Brent prices fell in August but recently have climbed to two-month highs near $80/bbl. Both ICE Brent and NYMEX WTI futures curves are backwardated. The Brent/WTI differential has widened by $5/bbl since early August due to relatively weaker US prices. Highlights Global oil demand growth estimates for 2018 and 2019 are unchanged at 1.4 mb/d and 1.5 mb/d, respectively. The pace of growth slowed sharply in 2Q18, caused by weaker OECD Europe and Asia demand. US gasoline demand growth eased due to…