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Country report
Oct 2017
Prospects for Distributed Energy Systems in China
Industrial restructuring and diversification of energy demand are accelerating in the People’s Republic of China. In addition, driven by resource and environmental constraints, as well as pressure to reduce carbon emissions, China’s primary energy consumption structure is expected to shift in coming decades. This transition is an opportunity for the increased adoption of distributed energy systems. Against this background, it is timely to take stock of what distributed energy means in the 21st century, where its application in China stands today and what its future prospects are.This report aims to provide a step in this direction; it…
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Country report
Dec 2017
District Energy Systems in China
The People's Republic of China’s district heat network is the world’s largest. In 2015, it consumed more energy than the entire United Kingdom. While progress is being made, the total impact of energy use and emissions from district heating and even district cooling – on the Chinese economy, on local air quality and health, and on the overall well-being of China’s population – is nevertheless significant. China has great opportunities of lowering the environmental footprint of its district energy system. While the country has pursued assertive public policy decisions in recent years, it is essential to elevate…
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Fuel report
Jun 2017
Oil Market Report - June 2017
…refinery output and imports. They stand 292 mb above the five-year average and are higher than when OPEC decided to cut output. For May, preliminary data suggests stocks falling in Fujairah, Japan, Europe, Singapore and in vessels offshore, but rising in the US and China.Benchmark crude oil prices fell after 23 May, reflecting lower expectations about the pace of global market rebalancing. At publication time, crude prices are close to the levels when the OPEC output deal was announced. Fuel oil prices and cracks were boosted as stocks fell to their lowest level in two years due to tight supplies…
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Country report
Apr 2017
Cleaner Coal in China
…of concern to the Chinese government as it embarks on its own climate protection strategy. Technology solutions are already transforming the way coal is used in China and elsewhere. This study explores the context in which the development and deployment of these technologies can be accelerated. Providing a large amount of new data, it describes in detail the situation in China as well as the experiences of other countries in making coal cleaner. Above all, the report calls for much greater levels of collaboration. Establishing a global market for cleaner coal technologies is key to unlocking the potential of technology.
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Fuel report
Feb 2017
Oil Market Report - February 2017
…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 Supported by strong 4Q16 numbers,the estimate for global oil demand growth for 2016 was revised up for the third consecutive month to 1.6 mb/d. Although still forecast to decelerate in 2017 to 1.4 mb/d, recent improvements in industrial activity are providing support.Global oil supplies plunged nearly 1.5 mb/d…
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Fuel report
Oct 2017
Oil Market Report - October 2017
…4 mb/d from December to just under 82 mb/d.Our global crude and product balances show inventories drawing in 2017 by 0.1 mb/d and 0.2 mb/d, respectively. For next year, the crude and product markets look broadly balanced, assuming OPEC holds output steady at around current levels. Highlights Following very strong year-on-year demand growth of 2.2 mb/d in 2Q17, the pace slowed to 1.2 mb/d in 3Q17, reflecting relatively weak July and August data and the impact of hurricanes in September. Our forecast of global demand growth remains unchanged at 1.6 mb/d in 2017 …
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Country report
Nov 2017
World Energy Outlook 2017: China
…electricity becomes the leading source of final energy consumption in China, overtaking coal in the late 2020s, and oil shortly thereafter. Natural gas demand rises to over 600 billion cubic metres (bcm) by 2040, making China the second-largest market globally behind the United States and the largest source of global gas demand growth: the share of gas in China’s primary energy mix rises from under 6% to over 12% during this period.Meanwhile, as output from coal-fired power plants flattens out and the use of coal in heavy industrial sectors and for residential heat goes into structural...
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Fuel report
May 2017
Oil Market Report - May 2017
…For 1Q17 as a whole, OECD stocks were up 24.1 mb (0.3 mb/d) due to a large build in January. Preliminary data suggests OECD stocks increased in April.Benchmark oil prices fell after 11 April and traded close to their late- November level, before the OPEC output deal. They rose on 15 May after Russia and Saudi Arabia indicated support for an extension of the production cuts. Sour grades continued to trade higher than sweet crudes.In 2Q17, global refining activity slows down seasonally, lower by 370 kb/d from 1Q17, but is set to ramp up by 2.4 mb/d by July…
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Fuel report
Nov 2017
Oil Market Report - November 2017
…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 Higher prices and relatively mild early winter temperatures contributed to a downward revision to our demand forecast. Growth has been revised down by 0.1 mb/d for both 2017 and 2018 and we now see increases of 1.5 mb/d in 2017 (or 1.6%), to 97.7 mb/d, and 1.3 mb/d in 2018 (or 1.3%) to 98.9 mb/d.Global oil…