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Oil Market Report - March 2017
…trade for IEA and selected non-IEA countries. Highlights Having expanded by 1.6 mb/d in 2016, global oil product demand growth is expected to ease back to 1.4 mb/d in 2017. Early indicators of 1Q17 demand support this, with slowdowns seen in January in Japan, Germany, Korea and India.Global oil supplies rose 260 kb/d in February as OPEC and non-OPEC producers pumped more. At 96.52 mb/d, world oil production stood 170 kb/d below a year ago. OPEC posted a year-on-year decline for the second month running. In 2017 non-OPEC output is set to rise…
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Oil Market Report - May 2017
…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 Weakness in a number of previously solid countries - India, US, Germany and Turkey - curtailed the 1H17 global demand growth estimate by 115 kb/d. Global demand growth is, however, still forecast at 1.3 mb/d in 2017, with demand at 97.9 mb/d.Global oil supply fell by 140 kb/d in April as non-OPEC, and especially Canada, pumped less. At 96.17 mb/d, output stood 90 kb/d below a year ago…
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Covid-19 impact on electricity
…but steadily recovered as measures were gradually softened. In India, recovery seemed faster and stronger than in EU countries. The end of the year was marked by a recovery of electricity demand, now above 2019 levels after weather adjustment. Electricity demand dropped to Sunday levels under lockdown, with dramatic reductions in services and industry only partially offset by higher residential use. When confinement was eased in Italy and Germany in April, electricity demand showed the first signs of recovering. This trend was confirmed in May, as more countries (India, France, Spain, Great Britain) softened lockdown measures. In June and July…
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Unlocking the Economic Potential of Rooftop Solar PV in India
…Renewable Energy (MNRE) of India, organised an online workshop titled “Unlocking the economic potential of rooftop solar energy in India” on 12 October 2020. The workshop brought together the central and state-level policy makers of India, business communities, regulators, and DISCOMs, along with international experts from Australia, Brazil, Germany and the United States.This report is based on the insights of the workshop’s participants, supplemented by the outcome of additional analysis by IEA and CEEW. It aims to answer six key questions regarding the acceleration of RTS expansion in India, and offers detailed policy options, business solutions and administr...
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2022 Energy Crisis: Frequently Asked Questions
…about 5 million barrels a day (mb/d) of crude, and around 2.8 mb/d of products. Who are the main customers for Russian oil?In 2021, more than half of Russia’s oil exports went to Europe, which received about one- third of its oil imports from Russia. Germany was the largest European buyer of Russian oil, followed by the Netherlands and Poland.China was the single largest buyer of Russian oil, taking 1.6 mb/d of crude on average in 2021, or about 20% of Russia’s exports, equally divided between pipeline and seaborne routes. Ja...
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Renewables 2020
Analysis and forecast to 2025 In May 2020, the IEA market update on renewable energy provided an analysis that looked at the impact of Covid-19 on renewable energy deployment in 2020 and 2021. This early assessment showed that the Covid-19 crisis is hurting – but not halting – global renewable energy growth. Half a year later, the pandemic continues to affect the global economy and daily life. However, renewable markets, especially electricity-generating technologies, have already shown their resilience to the crisis. Renewables 2020 provides detailed analysis and forecasts through 2025 of the impact of Covid-19 on renewables in…
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A 10-Point Plan to Reduce the European Union’s Reliance on Russian Natural Gas
Measures implemented this year could bring down gas imports from Russia by over one-third, with additional temporary options to deepen these cuts to well over half while still lowering emissions.Europe’s reliance on imported natural gas from Russia has again been thrown into sharp relief by Russia’s invasion of Ukraine on 24 February. In 2021, the European Union imported an average of over 380 million cubic metres (mcm) per day of gas by pipeline from Russia, or around 140 billion cubic metres (bcm) for the year as a whole. As well as that, around 15 bcm was delivered in…
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Biofuel Policy in Brazil, India and the United States
Insights for the Global Biofuel Alliance As part of its G20 presidency, India has proposed a Global Biofuel Alliance (GBA) to bring countries together to expand and create new markets for sustainable biofuels. The sharing of best practices, the technical support and the capacity building that the GBA would bring are welcome additions to international efforts to expand sustainable biofuel production and use, a key step to decarbonising transportation and heat services with secure and affordable energy supplies. This report aims to inform and focus the Alliance’s work by sharing biofuel policy insights from Brazil, India and the United…
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Will new PV manufacturing policies in the United States, India and the European Union create global PV supply diversification?
Renewables 2022 This report forms a component of Chapter 4 of Renewables 2022 and addresses a key question in renewable energy markets. The high level of geographical concentration in the global PV supply chain has led the European Union, India and the United States to introduce policy incentives to support domestic PV production. This could result in an unprecedented expansion of PV manufacturing outside of China in the next five years. However, diversifying manufacturing will be possible only if production costs fall to ensure competitiveness with the lowest-cost producers (e.g. in China and ASEAN countries) in both the short and…
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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…