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Clean Energy Transitions Programme 2023
…the Energy Transition Plan in Uganda and the establishment of regulations for the spot electricity market in China. These and other policies announced in 2023 were all closely aligned with IEA recommendations and reinforced the Agency’s status as a trusted advisor to emerging and developing countries. The programme’s accomplishments also included the publication of the IEA’s first Latin America Energy Outlook and a World Energy Outlook Special Report on universal access to clean cooking in Africa. Additional highlights included annual updates of our World Energy Investment and World Energy Employment reports along with many others.The programme…
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Oil Market Report - March 2022
…Faced with what could turn into the biggest supply crisis in decades, global energy markets are at a crossroads. Russia’s invasion of Ukraine has brought energy security back to the forefront of political agendas as commodity prices surge to new heights. While it is still too early to know how events will unfold, the crisis may result in lasting changes to energy markets.The implications of a potential loss of Russian oil exports to global markets cannot be understated. Russia is the world’s largest oil exporter, shipping 8 mb/d of crude and refined oil products to customers…
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Oil Market Report - October 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 The forecast for demand growth in 2018 and 2019 has been reduced for both years by 110 kb/d to 1.3 mb/d and 1.4 mb/d, respectively. This is due to a weaker economic outlook, trade concerns, higher oil prices and a revision to Chinese data.OECD demand…
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Oil Market Report - October 2024
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 on track to expand by just shy of 900 kb/d in 2024 and close to 1 mb/d in 2025, marking a sharp slowdown on the roughly 2 mb/d seen over the 2022-2023 post-pandemic period. China underpins the…
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Oil Market Report - September 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 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…
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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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National Reliance on Russian Fossil Fuel Imports
How do countries rely on and consume Russian energy? Russia was the world’s largest fossil fuels exporter in 2021, and global energy markets have been thrown into turmoil by the country’s invasion of Ukraine, with major energy security and supply risks worldwide.The data visualisations included in this report lay out the reliance of various countries on Russian energy imports and how Russian oil, gas and coal imports are being used in different countries to power manufacturing, transportation, residences, and other services and sectors. In doing so, the report highlights which nations and sectors may be most vulnerable…
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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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Oil Market Report - June 2017
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 Recent weaknesses in demand growth are likely to prove transitory, particularly in post currency-reform India. Although global growth was only 0.9 mb/d in 1Q17, it accelerates in 2H17 and for the year as a whole our outlook remains unchanged at 1.3 mb/d. In 2018…
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Fuel Economy in Major Car Markets
Technology and Policy Drivers 2005-2017 investigating the fuel economy of newly registered light-duty vehicles (LDVs) across the world from 2005 to 20173. While the average fuel economy of vehicles continues to improve, the rate of progress has slowed in recent years. Fuel Economy in Major Car Markets looks at fuel economy development in the period 2005-2017 for the Global Fuel Economy Initiative (GFEI). It shows that the average amount of fuel required to travel 100 km improved by 1.3% in 2016 and 2017, down from 2% per year between 2013 and 2015. Important drivers for this…