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Oil Market Report - February 2021
…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 World oil demand is set to grow by 5.4 mb/d in 2021 to reach 96.4 mb/d, recovering around 60% of the volume lost to the pandemic in 2020. While oil demand is expected to fall by 1 mb/d in 1Q21 from already low 4Q20 levels, a more favourable economic outlook underpins stronger demand in the second half of the year…
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20 Renewable Energy Policy Recommendations
Renewable energy has grown rapidly in recent years, especially in the electricity sector where renewables now account for the largest power capacity additions globally. However, renewables still account for only just above 10% of final energy consumption and the energy sector remains dominated by fossil fuels. Renewables need to increase further and faster to bring about an energy transition that achieves climate targets, ensures energy access for all, reduces air pollution and improves energy security. These 20 recommendations provide guiding principles for policy making, based on best practices observed across IEA member states and partner countries. They can be adapted…
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Clean Energy Transitions Programme 2023
…The Clean Energy Transitions Programme (CETP) is the IEA’s flagship initiative for accelerating progress toward a global net zero energy system. Launched at the 2017 IEA Ministerial to leverage the Agency’s expertise, insights and influence, the programme has provided world-class analysis, technical assistance and capacity building to support the most ambitious reorientation of the world’s energy systems this century. The CETP’s work is structured across three pillars of activity, with a particular focus on emerging markets and developing economies. The first of these focuses on supporting emerging and developing countries to establish clean energy transition…
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Empowering Ukraine Through a Decentralised Electricity System
…or destroyed. The report highlights distributed energy resources (DERs) as a vital solution to address their power deficit while enhancing Ukraine’s energy security, resilience, and flexibility. DERs – such as solar PV, wind, batteries, and small modular gas turbines – enable local power generation while also reducing vulnerability to targeted attacks. IEA analysis shows that a diverse mix of DERs offers a cost-effective and resilient path for Ukraine’s power system recovery.Urgent actions include deploying small gas turbines and DERs such as solar PV and batteries to address a projected 6 GW winter power deficit in 2024/2025. The move…
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Oil Market Report - July 2018
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 Demand got off to a strong start this year with global 1Q18 growth at over 2 mb/d, helped by cold weather in the northern hemisphere. Recent data, however, point to a slowdown, with rising prices a factor. In 2Q18, growth slowed to 0.9 mb/d. In 1H18…
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Harnessing Energy Demand Restraint in Ukraine: A Roadmap
…energy demand restraint in Ukraine.
The analysis and proposals advanced in this document form an adaptable and integrated strategic policy framework that reflects international experience and best practices. It avoids detailed prescription, recognising that Ukrainian policy practitioners are better placed to draw on their local knowledge and experience to address practical details as they emerge. Accordingly, the roadmap’s proposed pathways are intended to inform and guide the development of effective policies and programmes that would help realise the untapped potential of demand restraint, enhancing Ukraine’s energy security, economic competitiveness and environmental performance.
This paper begins by discussing demand…
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Energy Policies Beyond IEA Countries: Ukraine 2012
…for energy efficiency gains in the residential, district heating and industrial sectors is significant. Endowed with large conventional energy reserves, alongside sizeable renewable potential, Ukraine can build the capacity to markedly increase its resource production. Releasing this potential will require deep regulatory reform and full implementation of international treaty provisions. Effective competition, alongside a progressive move towards market prices, will also help Ukraine attract investment to develop the sector. A draft energy strategy, which sets out a series of supply-side measures, was published in 2012. Broadening and implementing a comprehensive energy strategy, one that takes greater account of demand…
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Oil Market Report - February 2019
…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 Our global demand estimate for 2018 is unchanged. Growth in 4Q18 was robust at 1.4 mb/d y-o-y and for 2018 as a whole growth was 1.3 mb/d. China (0.44 mb/d), India (0.21 mb/d) and the US (0.54 mb/d) contributed 1.19 mb/d of the total.Growth in demand in 2019 is expected to be 1.4 mb/d, unchanged from…
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Oil Market Report - June 2019
…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 Our estimate for global oil demand growth in 2019 has been cut for a second consecutive month. It is now projected at 1.2 mb/d. In 1Q19, global growth was only 0.3 mb/d, and for 2Q19 the estimate is 1.2 mb/d. We expect higher growth in 2H19 at 1.6 mb/d.In 2020, global oil demand growth will rise to 1.4 mb/d, supported by solid…
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Oil Market Report - September 2018
…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 Global oil demand growth estimates for 2018 and 2019 are unchanged at 1.4 mb/d and 1.5 mb/d, respectively. The pace of growth slowed sharply in 2Q18, caused by weaker OECD Europe and Asia demand. US gasoline demand growth eased due to higher prices.Non-OECD demand remains resilient but there is a risk to the 2019 outlook from currency depreciation and trade disputes. Demand in China…