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Oil Market Report - February 2021
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 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…
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Fuel economy in Canada
…At almost 21% above the global average, high fuel consumption levels in Canada reflect a growing share of SUVs/pick-up trucks. Notably, the sales share of SUV/pick-up trucks has grown from 33% of new LDVs in 2005 to 67% in 2019, which is the highest among major LDV markets and nearly one quarter above the global average. At the same time, the average weight of new LDVs has grown considerably, reaching 1 757 kg in 2019, almost 20% above the global average.Fuel consumption decreased on average by 1.4% per year between 2005 and 2015 in…
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The Potential of Behavioural Interventions for Optimising Energy Use at Home
Whether we are boiling water to make tea, activating a home appliance or relaxing under a hot shower, our daily behaviours and choices at home are important drivers of energy consumption. In 2018, energy consumption from the residential sector represented 20% of the total energy demand in IEA countries. Individuals and households can adopt a variety of measures to optimise their energy consumption. Changes in our everyday habits can help to reduce home energy bills, lower carbon emissions and ease pressure on the power grid. Modest behaviour adustments can, over time, yield substantial energy savings on their own. Residential energy…
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Canada Climate Resilience Policy Indicator
…fill the gap, proposing concrete actions for energy system climate resilience. Canada’s recently released the National Issues Report highlights that climate changes are already affecting the energy sector and that effects will persist and even intensify in the future. Climate hazard assessment TemperatureCanada’s average annual temperature rose 1.7°C between 1948 and 2016. The temperature rise in Canada over the last two decades (0.0144°C) is lower than the global average (0.0313°C per year). Warming rates vary by region, with the temperature in northern Canada rising more rapidly, by 2.3°C during 1948-2016. Canada’s Changing…