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China's Worldwide Quest for Energy Security
…are entwined in foreign economic and security policies in general. This book documents how China is creating energy relationships across the Middle East, Southeast Asia, Russia, Central Asia and Africa. The Chinese are also intensively studying how the rest of the world operates in the energy sector. The position of this vast nation in the global energy markets can only grow stronger as time passes. Trade and investment are the main elements in China’s energy policy toward the rest of the world today. Before long, the Chinese may seek to participate in the actual management of overseas energy facilities.
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Clean Energy Transitions Programme 2023
…of 20 (G20) and UN-affiliated collaborations. The final pillar showcases the IEA’s work at a global level to enable and accelerate clean energy transitions.The CETP Annual Report 2023 provides an overview of the programme’s achievements over the past year. The remarkable impact of the CETP’s work during this period was reflected in several notable achievements, including the announcement of a new set of fuel standards for trucks in Indonesia, the Energy Transition Plan in Uganda and the establishment of regulations for the spot electricity market in China. These and other policies announced in 2023 were…
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Post Covid-19, further reform is necessary to accelerate China’s clean energy future
…the overall economy. The International Monetary Fund expects the global economy to contract by 4.8% in 2020, while IEA analysis estimates that total energy demand will decline by 6% and oil demand by almost 8% this year.The lockdown measures imposed by governments around the world have tended to result in very sharp declines in energy use followed by dynamic recoveries as societies emerge from confinement, especially in China where the post-Covid recovery was fast both from a medical and economic point of view. The impact on different parts of the energy system has varied widely, depending on…
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Energy Transitions Require Innovation in Power System Planning
…landmark global roadmap, Net Zero by 2050, which detailed two parallel transformations for the power sector as it decarbonises. The first is that variable renewables will increasingly be the foundation of low carbon power generation. The second is that power will be responsible for an increasing share of total energy demand, as electrification becomes a pathway to decarbonisation. Emerging economies are central to global emissions reduction, since they typically have high shares of fossil fuel generation and because electricity demand is expected to significantly increase along with economic growth and greater electricity access. Increasing shares of variable renewable energy such…
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Does security of supply drive key biofuel markets in Asia?
…cause domestic supplies to meet a higher share of fuel demand from road transport in 2024.Nevertheless, security of supply is not the sole motivation for biofuel policy support. In China, India and Indonesia, supporting demand for nationally important agricultural commodities has also been a key factor in the introduction of mandate policies.In energy terms, biodiesel consumption in Indonesia already resulted in a notably higher share of domestically produced fuel supplies in 2017. By 2024, its contribution could expand to offset 17% of diesel demand. If vehicle testing results indicate that it is possible to use B30 fuel (30%…
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E4 Country Profile: Energy Efficiency in China
…that make China’s energy efficiency policy coverage well above the global average. Policy coverage for buildings includes China’s building codes and comprehensive appliance standards. These have been crucial to limiting the increase in energy use resulting from high rates of construction and higher rates of appliance ownership. Energy efficiency opportunities China has enormous energy efficiency improvement potential according to the IEA’s Efficient World Scenario (EWS). Ensuring that China seizes all efficiency opportunities in a cost-effective manner will be crucial for both China and the world’s transition to low-carbon energy.Energy consumption could reach a…
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Fuel economy in China
…of fuel consumption trends People’s Republic of China (hereafter ‘China’) is the largest light-duty vehicle (LDV) market in the world, with sales of almost 23 million units in 2019. In terms of average fuel consumption of new LDVs, China in 2019 ranked in the top 15 among major LDV markets. Average fuel consumption dropped from 8.7 litres of gasoline equivalent per 100 kilometres (Lge/100 km) in 2005 to 7.2 Lge/100 km in 2019, reflecting an annual average decrease of 1.3%. Fuel economy improvements have occurred across all segments from 2005 through to 2019…
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Oil Market Report - October 2024
…amply supplied market in 2025. At the time of writing, Brent was trading at around $78/bbl. Oil security in focus Benchmark oil prices bounced sharply higher in early October, as potential oil supply risks once again took centre stage. Escalating tensions between Israel and Iran are fuelling fears of a broader Middle East conflict and disruptions to Iranian exports. Nevertheless, the resolution of a political dispute in Libya that briefly cut its oil exports in half, relatively modest production losses due to major hurricanes sweeping the US Gulf Coast and weak end-user demand have helped to steady markets…
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Oil Market Report - June 2022
…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 mb/d in 2023, boosting throughputs by 2.3 mb/d and 1.9 mb/d, respectively. Nevertheless, product markets are expected to remain tight, with a particular concern for diesel and kerosene…
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Oil Market Report - February 2020
…bbl during January in anticipation of a negative impact on demand from Covid-19. The price of grades from the Middle East, North Sea and West Africa, popular with Chinese refiners, fell while the Libyan outage was supportive for alternative crudes from Algeria and Azerbaijan. The coronavirus also weighed on product cracks, in particular jet/kerosene, although reports of Chinese run cuts provided support. Highlights Global oil demand has been hit hard by the novel coronavirus (Covid-19) and the widespread shutdown of China’s economy. Demand is now expected to fall by 435 kb/d y-o-y in…
