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Oil Market Report - January 2018
…lower North Sea and Venezuelan output. Production was steady on a year ago as non-OPEC gains of nearly 1 mb/d offset declines in OPEC.A plunge in Venezuelan supply cut OPEC crude output to 32.23 mb/d in December, boosting compliance to 129%. Declines are accelerating in Venezuela, which posted the world's biggest unplanned output fall in 2017.Rapid US growth and gains in Canada and Brazil will drive up non-OPEC supply by 1.7 mb/d in 2018, versus last year's 0.7 mb/d increase. US crude supply will push past 10 mb/d, overtaking Saudi Arabia and rivalling…
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Oil Market Report - February 2017
…are exempt from cuts.After falling by 0.8 mb/d last year, non-OPEC output will grow by 0.4 mb/d in 2017.Growth is mainly in the Americas, where higher prices are fuelling increased investments in US LTO activity and long lead-time projects are coming on stream in Brazil and Canada.OECD total oil stocks fell nearly 800 kb/d in 4Q16, the largest fall in three years.End-December inventories were below 3 000 mb for the first time since December 2015. Stocks continued to build in China and other emerging economies and volumes of…
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Oil Market Report - July 2018
… OPEC crude production in June reached a four-month high of 31.87 mb/d. A surge from Saudi Arabia offset losses in Angola, Libya, and Venezuela.Non-OPEC output is set to expand by 2 mb/d in 2018 and by 1.8 mb/d next year led by the United States, but there are temporary disruptions in Canada, Brazil, Kazakhstan and the North Sea.OECD commercial stocks rose 13.9 mb in May to 2 840 mb, only the third monthly increase since July 2017. However, stocks gained only half as much as normal. At end-month, OECD inventories were 23 mb below the five-year average…
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Oil Market Report - May 2023
…Nigeria and Brazil were only partly offset by increases elsewhere, with global oil supply down by 230 kb/d to 101.1 mb/d in April. Steeper losses are in store for May as wildfires shut in Canadian barrels and extra cuts from some OPEC+ producers take effect. From April through December, OPEC+ oil supply is set to fall by 850 kb/d, while non-OPEC+ rises by 710 kb/d. For 2023 as a whole, global oil supply expands by 1.2 mb/d, led by the United States and Brazil.Global crude throughputs reach an estimated 82.3…
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Boosting Efficiency in Latin America
Delivering affordability, security and jobs to advance people-centred energy transitions Countries around the world are facing an energy security and affordability crisis affecting households, businesses and public budgets. In Latin America, household expenditure on energy services is second only to food. On average, the share of household budget for energy ranges between 7% and 9% of income – and up to more than 24% for the poorest households. As governments urgently implement measures to protect citizens and secure their economies, it is important to consider short- and long- term solutions to ease existing pain and reduce risks over time. While…
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Latin America Energy Outlook 2023
World Energy Outlook Special Report Latin America and the Caribbean is a region that stands out in the global energy sector. It boasts extraordinary natural resources – both fossil fuels and renewable energy – and a significant share of the world’s critical minerals. It also has a history of ambitious policy making in pursuit of stronger energy security and greater sustainability that has delivered one of the cleanest electricity mixes in the world. As the region emerges from a period of sluggish economic growth, countries in Latin America and the Caribbean now stand to leverage these resources to revitalise their economies…
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Renewables 2020
Analysis and forecast to 2025 In May 2020, the IEA market update on renewable energy provided an analysis that looked at the impact of Covid-19 on renewable energy deployment in 2020 and 2021. This early assessment showed that the Covid-19 crisis is hurting – but not halting – global renewable energy growth. Half a year later, the pandemic continues to affect the global economy and daily life. However, renewable markets, especially electricity-generating technologies, have already shown their resilience to the crisis. Renewables 2020 provides detailed analysis and forecasts through 2025 of the impact of Covid-19 on renewables in…
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GlobalABC Regional Roadmap for Buildings and Construction in Latin America 2020-2050
Towards a zero-emission, efficient and resilient buildings and construction sector The GlobalABC Roadmap for Buildings and Construction in Latin America sets out targets and timelines towards achieving zero-emission, efficient and resilient buildings and construction between 2020 and 2050 in Latin America. The roadmap covers eight themes: urban planning, new buildings, existing buildings, building operations, appliances and systems, materials, resilience, and clean energy. For each of these themes, priority actions related to policy and technology are identified as well as other enabling activities, including capacity building and finance. This Roadmap was developed in collaboration with the GlobalABC and United…
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Energy Efficiency Policy Recommendations for Latin America and the Caribbean
This publication was prepared by the IEA, with the support of more than 50 energy efficiency experts from Latin America and the Caribbean, together with the United Nations Economic Commission for Latin America and the Caribbean (UN ECLAC), and the Ministry of Energy and Mines of Peru. The 20 detailed recommendations span five sectors and cover policies ranging from measures to implement mandatory minimum energy performance standards for buildings and appliances, to improve transport system planning and efficiency and promote energy management systems for industry. They are tailored to regional barriers and opportunities. The IEA has also worked with regional…
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Hydrogen in Latin America
From near-term opportunities to large-scale deployment The momentum for low-carbon hydrogen is growing in Latin America, with many countries currently developing long-term hydrogen strategies and a project pipeline of more than 25 projects, including several gigawatt-scale projects to export it beyond the region.
In this report we analyse both the region’s potential to play a major role in the future low-carbon hydrogen landscape, and the role that low-carbon hydrogen could play in Latin America’s own clean energy transitions. Low-carbon hydrogen deployment depends on many technologies that are still under development…