• • Fuel report

  • Jan 2019

  Oil Market Report - January 2019

  …was up 2.8 mb/d on a year ago. Following annual gains of a record 2.6 mb/d in 2018, non-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…

• • Fuel report

  • Oct 2018

  Oil Market Report - October 2018

  …oil production rose by 100 kb/d in September to a one-year high of 32.78 mb/d. Since May, OPEC output has increased by 735 kb/d, led by the main Gulf producers and supported by Nigeria and Libya, offsetting falls in Iran and Venezuela.Refiners are facing increased competition as capacity additions surge between now and end-2019. After increasing by 0.9 mb/d this year, refinery runs will grow by 1.3 mb/d in 2019, while refined product demand growth is only 1 mb/d.OECD commercial stocks rose 15.7 mb in August to 2 854 mb, their highest level since February…

• • Fuel report

  • May 2019

  Oil Market Report - May 2019

  …oil stocks fell by 25.8 mb in March to 2 849 mb, more than the five-year average of 4 mb owing to counter-seasonal crude draws. In days of forward demand, stocks amount to 59.8 days, their lowest level since July 2018.ICE Brent rose to a five-month high of $74.57/bbl in late April after the end of US waivers on Iranian exports, but has since fallen by 6%. Gasoline strengthened in April ahead of the peak demand season. Cracks for other products fell due to higher crude prices. Highlights Our 2018 oil demand growth estimate has been revised down…

• • Country report

  • Apr 2019

  Iraq's Energy Sector: A Roadmap to a Brighter Future

  …on imports from Iran to meet increasing demand.This has introduced a number of vulnerabilities to Iraq’s energy system. For example, payment issues last summer led to Iran cutting exports, significantly exacerbating electricity shortages in Iraq during peak seasonal demand. Significant potential for natural gas As oil production has soared, so has the amount of associated gas produced alongside. However the capacity to capture and process this gas has not kept pace. The inability to utilise its gas riches means that the country's gas deficit has grown, and Iraq now relies on imports from Iran to meet increasing…

• • Fuel report

  • Sep 2018

  Oil Market Report - September 2018

  …US. Non-OPEC production will grow by 2 mb/d in 2018 and 1.8 mb/d in 2019.OPEC crude supply rose to a nine-month high of 32.63 mb/d in August. A rebound in Libya, near record Iraqi output and higher volumes from Nigeria and Saudi Arabia outweighed a substantial reduction in Iran and a further fall in Venezuela.From August's record rate of 83.5 mb/d, global crude runs decline due to maintenance before surging in December to another record high of 84.5 mb/d. US refining is booming with runs almost reaching 18 mb/d in August, while…

• • Fuel report

  • Jun 2018

  Oil Market Report - June 2018

  …the call on OPEC is set to ease in 2019, potential losses from Venezuela and Iran could require others to produce more.OECD commercial stocks declined 3.1 mb in April to a new three-year low of 2 809 mb. Middle distillate holdings fell 7.4 mb in April and were significantly below the five-year average in the Americas and Europe ahead of the peak demand season in the northern hemisphere.Outright benchmark crude prices reached multi-year highs in late May but have since fallen back awaiting the outcome of the OPEC meeting. ICE Brent and NYMEX WTI futures prices are up…

• • Country report

  • Oct 2012

  Iraq Energy Outlook 2012

  World Energy Outlook Special Report Iraq Energy Outlook 2012 Iraq is already the world’s third-largest oil exporter. It has the resources and intention to increase its oil production vastly. Contracts are already in place.Will Iraq’s ambitions be realised? And what would the implications be for Iraq’s economy and for world oil markets? The obstacles are formidable: political, logistical, legal, regulatory, financial, lack of security and sufficient skilled labour. One example: in 2011 grid electricity could meet only 55% of demand. The IEA has studied these issues with the support and close co-operation of the…

• • Country report

  • Jan 2025

  National Climate Resilience Assessment for Iraq

  From 2000 to 2023, Iraq experienced an average warming rate of 0.48 °C per decade, exceeding the global average of 0.37 °C. Temperatures are set to continue to rise, and are projected to rise by 2.5 °C in a low-emissions scenario and 5.6 °C in a high-emissions scenario by the end of the century compared with pre‑industrial times. The country's electricity system is already under significant strain with transmission losses ranking among the highest in the world (50-60%) and a significant divergence between nameplate and actual generation capacities, largely due to decades of conflict and war…

• • Report

  • Nov 2009

  Petroleum Prices, Taxation and Subsidies in India

  The views expressed in this report are those of the author(s) and do not necessarily reflect the views or policy of the IEA or of its individual member countries. The current Indian system of effectively subsidised petroleum product prices has significant implications for the emergence of India as a major global energy consumer, for the integrity of India’s Central Government budget and for investment in India’s growing oil and petroleum sector. This report is part one of a broader study that looks at the current system of petroleum pricing and the macroeconomic, microeconomic, regional and global effects…

• • Technology report

  • Nov 2016

  Railway Handbook 2016

  Produced in collaboration with the Union Internationale des Chemins de Fer The production of the Railway Handbook 2016 has been an important opportunity to strengthen the collaboration between the IEA and the UIC. This relationship has served to enrich and improve the knowledge of activity, energy and emissions data associated with the railway sector. Part I of this year’s Handbook is dedicated to presenting the most significant data and trends concerning energy consumption and CO2 emissions from the rail sector, focusing on the most important Regions in terms of rail activity, namely EU 28, USA, Japan, Russia, India and…