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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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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…
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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…
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Energy Policies of IEA Countries: Turkey 2016 Review
Since the last IEA review of Turkey’s energy policies, the country’s reliance on natural gas use has grown along with rising oil and gas imports, leaving the Turkish economy increasingly exposed to the volatility in oil and gas prices. Turkey aims to promote sustainable economic growth. The IEA urges the government to set a longer-term energy policy agenda for 2030. However, owing to declining global liquefied natural gas prices, Turkey now has an opportunity to reduce its single supplier dependence, build a competitive gas market, and move ahead with its plans to create a regional gas hub…
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Energy Policies of IEA Countries: Turkey 2001
Energy Policy Review Energy Policies of IEA Countries: Turkey 2001 The International Energy Agency's 2002 review of Turkey's energy policies and programmes. This edition finds that Turkey aspires to link the oil- and gas-rich Caspian area to Western markets. Several pipelines through Turkey are nearing completion. The projects could enhance diversity and security of supply in consuming countries. They could also relieve the environmental strain of heavy ship traffic through the Bosporus.
Numerous attempts have been made to open Turkey’s energy markets to competition and to ensure that energy supply grows in step with population and… -
Energy Policies of IEA Countries: Turkey 2009 Review
Energy Policy Review Energy Policies of IEA Countries: Turkey 2009 This review analyses the broad range of energy challenges facing Turkey and provides critiques and recommendations for further policy improvements. Turkey will likely see the fastest medium- to long-term growth in energy demand among the IEA member countries. It has a young and urbanising population and energy use is still comparatively low. Therefore, ensuring sufficient energy supply to a growing economy remains the government’s main energy policy concern. Turkey has also progressed significantly in all other areas of energy policy over the past few years. Large investments in…
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Energy Policies of IEA Countries: Turkey 2005
Energy Policy Review Energy Policies of IEA Countries: Turkey 2005 The International Energy Agency's review of Turkey's energy policies and programmes. Following a summary of the conclusions and recommendations, the report surveys the general energy scene and energy policy in Turkey, looks at energy and the environment, reviews efforts to enhance energy efficiency, and then examines developments related to oil, natural gas, coal, renewable energy, and electricity. The book closes with a look at Turkey's R&D efforts related to energy.
The book finds that Turkey has undertaken significant reforms to open energy markets, but needs to… -
Turkey 2021
Energy Policy Review The International Energy Agency (IEA) regularly conducts in-depth peer reviews of the energy policies of its member countries. This process supports energy policy development and encourages the exchange of international best practices and experiences.
The guiding principles of Turkish energy policy continue to be market reform and energy security. Rapid economic and population growth in the past two decades have not only driven strong growth in energy demand but also an associated increase in import dependency.
Turkey has prioritised security of energy supply as one of the central pillars of its energy strategy, including efforts to…
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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.
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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…