-
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…
-
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
Dec 2018
Oil Market Report - December 2018
…and Russia. Cuts from January reduce non-OPEC production growth for 2019 by 415 kb/d, to 1.5 mb/d, compared with 2.4 mb/d in 2018.OPEC crude oil output rose 100 kb/d m-o-m to 33.03 mb/d in November as Saudi Arabia and the UAE reached record highs, more than offsetting a sharp loss from Iran. The group agreed to cut output by 0.8 mb/d from January.Global refining throughput growth came to a halt in 4Q18, with annual losses in Latin America and Europe only just offset by gains in the US, Middle East and China. Lower…
-
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…
-
Country report
Apr 2010
Energy Policies of IEA Countries: Canada 2009
Energy Policy Review Energy Policies of IEA Countries: Canada 2009 Canada, with its diverse and balanced portfolio of energy resources, is one of the largest producers and exporters of energy among IEA member countries. The energy sector plays an increasingly important role for the Canadian economy and for global energy security, as its abundant resource base has the potential to deliver even greater volumes of energy.
-
Country report
Jan 2011
Oil and Gas Emergency Policy: Canada 2010 update
Oil and Gas Emergency Policy: Canada 2010 update In 2007, the IEA published Oil Supply Security: Emergency Response of IEA Countries. This report provides an overview of the IEA oil emergency response system and a detailed look at the specific systems in each IEA country for responding to an oil supply crisis. The report represented the findings of a five-year review cycle of the emergency response mechanisms in IEA member countries. Since the 2007 publication, the IEA has started a new cycle of reviews which now includes reviewing gas emergency policies. Rather than waiting for the completion of the…