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Ukraine energy profile
…Variations in the UAH–USD exchange rate, access to export markets, closure of Russia’s market, external construction activity in Asia and the Middle East, agriculture, and energy supply and price trends have a substantial impact on its domestic economy.Despite strong growth up to 2007, Ukraine underwent two severe economic crises between 2008 and 2017. Because of its exposure to foreign markets, Ukraine has been severely affected by the global economic and financial crises that began in autumn 2008: its economy fell into deep recession in 2009, with real GDP down 14.8% and industrial output plummeting almost 22…
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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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Oil Market Report - March 2022
…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 surge to new heights. While it is still too early to know how events will unfold, the crisis may result in lasting changes to energy markets.The implications of a potential loss of Russian oil exports to global markets cannot be understated. Russia is the world’s largest oil exporter, shipping 8 mb/d…
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Russian supplies to global energy markets
Assessing the impacts of Russia's invasion of Ukraine on global oil and natural gas markets and energy security As a major producer and exporter of both oil and natural gas, Russia has a significant role in global energy markets. Russia's invasion of Ukraine on 24 February 2022 has potentially serious implications for international energy security. For this reason, the IEA is providing factual and up-to-date information on Russia's oil and natural gas supplies.
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Oil Market Report - March 2017
…Brent in recent months, while middle distillates and gasoline prices rose in most regions.Refinery throughput growth recovered to 0.9 mb/d y-o-y in 4Q16, but will slow down to a 0.6 mb/d increase in 1Q17, before surging by 1.9 mb/d in 2Q17. This reflects a recovery from 2Q16's unusually low levels, with 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…
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Oil Market Report - February 2019
…mainly in the US and Europe.Brent futures reached a two-month high of $62.75/bbl in early February, with WTI prices around $10/bbl below. The Brent-Dubai EFS narrowed to an eight-year low as sour crude markets tightened. Ample supplies of gasoline saw cracks decline into negative territory. 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 of…
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Energy Policies Beyond IEA Countries: Eastern Europe, Caucasus and Central Asia 2015
…the region. Energy policy analysis is conducted in line with the INOGATE Programme’s four main pillars of energy development: energy market convergence, energy security, sustainable development and investment attraction.
Started in 1996, the INOGATE Programme is one of the longest running energy technical assistance programmes funded by the European Union and works within the policy frameworks of the Baku Initiative and the Eastern Partnership. The INOGATE Programme co-operates with 11 partner countries to support reduction in their dependency on fossil fuels and imports, to improve the security of their energy supply and to mitigate overall climate change. It… -
National Reliance on Russian Fossil Fuel Imports
How do countries rely on and consume Russian energy? Russia was the world’s largest fossil fuels exporter in 2021, and global energy markets have been thrown into turmoil by the country’s invasion of Ukraine, with major energy security and supply risks worldwide.The data visualisations included in this report lay out the reliance of various countries on Russian energy imports and how Russian oil, gas and coal imports are being used in different countries to power manufacturing, transportation, residences, and other services and sectors. In doing so, the report highlights which nations and sectors may be most vulnerable…
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Energy Policies Beyond IEA Countries: Ukraine 2012
…a greater priority. The potential for energy efficiency gains in the residential, district heating and industrial sectors is significant. Endowed with large conventional energy reserves, alongside sizeable renewable potential, Ukraine can build the capacity to markedly increase its resource production. Releasing this potential will require deep regulatory reform and full implementation of international treaty provisions. Effective competition, alongside a progressive move towards market prices, will also help Ukraine attract investment to develop the sector. A draft energy strategy, which sets out a series of supply-side measures, was published in 2012. Broadening and implementing a comprehensive energy strategy, one that…
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Natural Gas Supply Security in Korea
Insights from the 2022 Gas Supply Shock This report was commissioned by the Korea Energy Economics Institute (KEEI) and carried out jointly by the International Energy Agency (IEA) and the KEEI. The objective of the study was to provide high-level policy recommendations on natural gas security of supply in Korea, particularly within the context of the global gas supply shock that emerged in 2022. The report covers an analysis of the natural gas supply shock in question, a detailed review of the Korean natural gas market and recommendations applicable to the Korean market.
