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Fuel report
May 2017
Oil Market Report - May 2017
…96.17 mb/d, output stood 90 kb/d below a year ago, even as non-OPEC returned to growth. Non-OPEC supply is set to increase 600 kb/d in 2017.OPEC crude production rose by 65 kb/d in April to 31.78 mb/d as higher output from Nigeria and Saudi Arabia more than offset lower flows from Libya and Iran. Crude production was down 535 kb/d compared to April 2016. Year-to-date compliance with production cuts remained robust at 96%.OECD commercial stocks decreased for a second straight month in March, by 32.9 mb (1.1 mb/d), to 3 025 mb. Product…
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Fuel report
Jun 2017
Oil Market Report - June 2017
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 Recent weaknesses in demand growth are likely to prove transitory, particularly in post currency-reform India. Although global growth was only 0.9 mb/d in 1Q17, it accelerates in 2H17 and for the year as a whole our outlook remains unchanged at 1.3 mb/d. In 2018…
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Fuel report
Oct 2017
Oil Market Report - October 2017
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 Following very strong year-on-year demand growth of 2.2 mb/d in 2Q17, the pace slowed to 1.2 mb/d in 3Q17, reflecting relatively weak July and August data and the impact of hurricanes in September. Our forecast of global demand growth remains unchanged at…
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Country report
Apr 2017
Cleaner Coal in China
The People’s Republic of China’s rapid economic growth has aroused intense interest around the world. Policy makers, industrialists, investors, environmentalists, researchers and others want to better understand the issues that this populous nation faces as it further develops an already thriving economy largely fuelled by coal. This study sheds light on the Chinese coal supply and transformation sectors. China’s coal, mined locally and available at a relatively low cost, has brought enormous benefits to energy consumers in China and to those outside the country who enjoy the products of its coal-based economy. Yet from another perspective…
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Fuel report
Feb 2017
Oil Market Report - February 2017
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 Supported by strong 4Q16 numbers,the estimate for global oil demand growth for 2016 was revised up for the third consecutive month to 1.6 mb/d. Although still forecast to decelerate in 2017 to 1.4 mb/d, recent improvements in industrial activity are providing…
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Fuel report
Nov 2017
Oil Market Report - November 2017
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 Higher prices and relatively mild early winter temperatures contributed to a downward revision to our demand forecast. Growth has been revised down by 0.1 mb/d for both 2017 and 2018 and we now see increases of 1.5 mb/d in 2017 (or 1.6%), to 97.7 mb…
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Country report
Oct 2017
Prospects for Distributed Energy Systems in China
Industrial restructuring and diversification of energy demand are accelerating in the People’s Republic of China. In addition, driven by resource and environmental constraints, as well as pressure to reduce carbon emissions, China’s primary energy consumption structure is expected to shift in coming decades. This transition is an opportunity for the increased adoption of distributed energy systems. Against this background, it is timely to take stock of what distributed energy means in the 21st century, where its application in China stands today and what its future prospects are.This report aims to provide a step in this direction; it…
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Country report
Dec 2017
District Energy Systems in China
The People's Republic of China’s district heat network is the world’s largest. In 2015, it consumed more energy than the entire United Kingdom. While progress is being made, the total impact of energy use and emissions from district heating and even district cooling – on the Chinese economy, on local air quality and health, and on the overall well-being of China’s population – is nevertheless significant. China has great opportunities of lowering the environmental footprint of its district energy system. While the country has pursued assertive public policy decisions in recent years, it is essential to elevate…
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Country report
Nov 2017
World Energy Outlook 2017: China
China is changing and its energy future promises to be quite different from its energy past.For years, the dominant energy narrative on China concentrated on the extraordinary pace of its development, the country’s success in lifting hundreds of millions of its citizens out of poverty (including energy poverty), the scale of its industrialisation and its demand for energy resources, most notably for coal.While elements of this narrative remain true, the country is quickly changing course in the direction of a much more services-based economy and a much cleaner energy mix. This new direction will have consequences…