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Fuel report
Aug 2019
Oil Market Report - August 2019
…d, respectively.Global oil supply held steady in July above 100 mb/d, but fell below year earlier levels for the first time since November 2017. Robust compliance with OPEC+ supply cuts and losses from Venezuela and Iran saw OPEC oil production fall by 2 mb/d versus July 2018. Non-OPEC supply was up 1.4 mb/d y-o-y in July and is set to grow by 1.9 mb/d in 2019 and 2.2 mb/d next year.After a year-on-year fall in 1H19, global refining throughput is expected to pick up in the second half of the year…
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Fuel report
Jul 2019
The Role of Gas in Today's Energy Transitions
…studies, covering the United States, the European Union, the People’s Republic of China, and India, reveal the various opportunities, hurdles and limits of fuel switching as a way to address environmental challenges. Natural gas is one of the mainstays of global energy. Where it replaces more polluting fuels, it improves air quality and limits emissions of carbon dioxide. In this analysis, we explore how widespread and durable this role might be in some of today's key energy markets. The Role of Gas in Today's Energy Transitions examines the role of fuel switching, primarily from coal to natural gas…
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Fuel report
Feb 2019
Oil Market Report - February 2019
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 Our global demand estimate for 2018 is unchanged. Growth in 4Q18 was robust at 1.4 mb/d y-o-y and for 2018 as a whole growth was 1.3 mb/d. China (0.44 mb/d), India (0.21 mb/d) and the US (0.54 mb/d) contributed 1.19 mb/d…
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Fuel report
May 2019
Oil Market Report - May 2019
…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 Our 2018 oil demand growth estimate has been revised down by 70 kb/d to 1.2 mb/d and our 2019 forecast is reduced by 90 kb/d to 1.3 mb/d. Revisions for 2018 impacted mainly non-OECD Asia and African countries. The 2019 revision is seen in OECD Asia in 1Q19.Non-OECD countries will drive global oil demand in 2019, adding 1.1 mb/d…
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Fuel report
Jan 2019
Oil Market Report - January 2019
…OPEC production growth is set to slow to 1.6 mb/d in 2019.OPEC crude oil output dropped by 590 kb/d in December, to 32.39 mb/d. Saudi Arabia cut back from record highs while Iran and Libya saw further losses. OPEC production is set to fall further in January, when new Vienna Agreement cuts take effect.Global refining throughput is estimated to have reached a record high of 84.2 mb/d in December, causing refinery margins to fall, despite the slide in crude prices. The refining system will have to absorb 2.6 mb/d of new capacity this year…
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Fuel report
Apr 2019
Oil Market Report - April 2019
…years, boosting compliance with supply cuts to 153%. The call on OPEC rises to 30.9 mb/d in 2Q19.Global refining throughput fell by 2.5 mb/d in March as unplanned outages and accidents hindered the US in particular. Our 2019 growth estimate is revised down to 0.7 mb/d on tighter crude market fundamentals: 3Q19 could see the largest draws since 2011.OECD oil stocks fell by 21.7 mb on the month in February after three months of increases. The decrease was more than the five-year average of 5.1 mb due to larger gasoline draws and a lower crude build. March…
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Fuel report
Mar 2019
Oil Market Report - March 2019
…Global oil production fell by 340 kb/d in February as OPEC and non-OPEC cuts deepened. Output of 99.7 mb/d was still up a hefty 1.5 mb/d on a year ago, led by non-OPEC and the US. Non-OPEC growth will slow from 2018's record 2.8 mb/d to 1.8 mb/d in 2019.OPEC crude oil production in February dropped by 240 kb/d, to 30.68 mb/d, on losses in Venezuela and lower output from Saudi Arabia and Iraq. Outperformance by Saudi Arabia and its Gulf allies with supply cuts pushed OPEC compliance to 94%.Global…
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Technology report
Feb 2019
China Power System Transformation
Assessing the benefit of optimised operations and advanced flexibility options Summary of the state of play of power system transformation (PST) in the People’s Republic of China China Power System Transformation has a two-fold objective. First, it provides a summary of the state of play of power system transformation (PST) in the People’s Republic of China (“China”) as well as a comprehensive discussion of PST internationally. This includes a comprehensive review of all possible sources of power system flexibility (power plants, grid infrastructure, storage, and demand side response) and a detailed discussion of market, policy, and regulatory…
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Technology report
Jun 2019
The Future of Cooling in China
…as seen in recent summers. Cooling-related CO2 emissions from electricity consumption consequently increased fivefold between 2000 and 2017, given the strong reliance on coal-fired power generation in China.China leads the global market for air conditioners (ACs), and bigger units are increasingly popular. China presently produces around 70% of the world’s room air conditioners and covers about 22% of installed cooling capacity worldwide. AC sales grew fivefold since 2000, representing nearly 40% of global sales in 2017. Mini-split ACs are still common, as is “part time” and “part space” cooling behaviour in which households cool rooms only…
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Article
21 Oct 2019
Does security of supply drive key biofuel markets in Asia?
…set to rise 25% by 2024, and Indonesia’s oil production is expected to fall significantly while demand rises. Security of supply overview Blending biofuels with gasoline and diesel slows road transport oil demand growth Higher vehicle ownership (linked with economic growth) contributes to rising oil import dependency in all three countries. Fuel demand from gasoline vehicles expands by one-fifth (32 billion L) in China and by over 30% (12 billion L) in India during 2019 24. In Indonesia, fuel demand for diesel vehicles increases 10% (by around 2 billion L) by 2024.Replacing a portion of gasoline and…