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Fuel report
Jul 2019
The Role of Gas in Today's Energy Transitions
…studies, covering the United States, the European Union, the People’s Republic of China, and India, reveal the various opportunities, hurdles and limits of fuel switching as a way to address environmental challenges. Natural gas is one of the mainstays of global energy. Where it replaces more polluting fuels, it improves air quality and limits emissions of carbon dioxide. In this analysis, we explore how widespread and durable this role might be in some of today's key energy markets. The Role of Gas in Today's Energy Transitions examines the role of fuel switching, primarily from coal to natural gas…
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Technology report
Feb 2019
China Power System Transformation
Assessing the benefit of optimised operations and advanced flexibility options Summary of the state of play of power system transformation (PST) in the People’s Republic of China China Power System Transformation has a two-fold objective. First, it provides a summary of the state of play of power system transformation (PST) in the People’s Republic of China (“China”) as well as a comprehensive discussion of PST internationally. This includes a comprehensive review of all possible sources of power system flexibility (power plants, grid infrastructure, storage, and demand side response) and a detailed discussion of market, policy, and regulatory…
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Fuel report
Mar 2019
Oil Market Report - March 2019
…Arabia and its Gulf allies with supply cuts pushed OPEC compliance to 94%.Global refining throughput returned to growth, with 1Q19 expected to be up 0.8 mb/d y-o-y. China accounts for over 90% of the increase, while weaker performance in other regions supported product cracks, resulting in the first gains in refinery margins since November. OECD commercial oil stocks rose 8.6 mb on the month in January to their highest level since November 2017. However, the increase was lower than the seasonal norm. Preliminary data for February points to a sharp drop in inventories.Brent futures reached a…
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Fuel report
May 2019
Oil Market Report - May 2019
…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 Our 2018 oil demand growth estimate has been revised down by 70 kb/d to 1.2 mb/d and our 2019 forecast is reduced by 90 kb/d to 1.3 mb/d. Revisions for 2018 impacted mainly non-OECD Asia and African countries. The 2019 revision is seen in OECD Asia in 1Q19.Non-OECD countries will drive global oil demand in 2019…
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Fuel report
Apr 2019
Oil Market Report - April 2019
…on OPEC rises to 30.9 mb/d in 2Q19.Global refining throughput fell by 2.5 mb/d in March as unplanned outages and accidents hindered the US in particular. Our 2019 growth estimate is revised down to 0.7 mb/d on tighter crude market fundamentals: 3Q19 could see the largest draws since 2011.OECD oil stocks fell by 21.7 mb on the month in February after three months of increases. The decrease was more than the five-year average of 5.1 mb due to larger gasoline draws and a lower crude build. March preliminary data show a significant crude build in Europe.ICE…
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Technology report
Jun 2019
The Future of Cooling in China
…as seen in recent summers. Cooling-related CO2 emissions from electricity consumption consequently increased fivefold between 2000 and 2017, given the strong reliance on coal-fired power generation in China.China leads the global market for air conditioners (ACs), and bigger units are increasingly popular. China presently produces around 70% of the world’s room air conditioners and covers about 22% of installed cooling capacity worldwide. AC sales grew fivefold since 2000, representing nearly 40% of global sales in 2017. Mini-split ACs are still common, as is “part time” and “part space” cooling behaviour in which households cool rooms only…
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Fuel report
Aug 2019
Oil Market Report - August 2019
…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 Global demand fell 160 kb/d y-o-y in May, the second annual fall seen in 2019. In January to May it was up only 520 kb/d, the lowest increase for the period since 2008. Chinese oil demand was revised upwards, but India and the US show weakness. We lowered our global growth forecasts for 2019 and 2020 by 100 kb…
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Fuel report
Jan 2019
Oil Market Report - January 2019
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 Our estimates for global oil demand growth in 2018 and 2019 are unchanged at 1.3 mb/d and 1.4 mb/d, respectively. The impact of higher oil prices in 2018 is fading, which will help offset lower economic growth.Non-OECD countries dominate oil demand growth in 2019, with…
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Fuel report
Feb 2019
Oil Market Report - February 2019
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 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…
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Article
21 Oct 2019
Does security of supply drive key biofuel markets in Asia?
Renewables 2019 Trends to watch number 1 Improving security of supply is a fundamental reason for the introduction of biofuel policy support in China, India and Indonesia, which in turn has raised production prospects. Combined, these countries account for 40% (15 billion litres) of biofuel production growth in the main case forecast (2019‑24).Crude oil import dependency is set to increase in all three countries over the forecast period, meaning that measures to reinforce security of supply are of paramount importance. China already overtook the United States as the largest crude oil importer in 2017, India’s oil demand is set…