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Oil Market Report - January 2023
…2 mb/d of capacity additions between 4Q22 and end-2023.Russian oil exports fell by 200 kb/d m-o-m in December to 7.8 mb/d, as crude shipments to the EU declined after the EU crude embargo and G7 price cap came into effect. Russian diesel exports surged to a multi-year high of 1.2 mb/d, of which 720 kb/d was destined for the EU. Record discounts for Russian benchmark Urals grade saw Russian revenues slip by $3 bn m-o-m to $12.6 bn.Global observed oil inventories surged by 79…
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Oil Market Report - June 2022
…d in 2022 and 1.6 mb/d in 2023, boosting throughputs by 2.3 mb/d and 1.9 mb/d, respectively. Nevertheless, product markets are expected to remain tight, with a particular concern for diesel and kerosene supplies. While diesel cracks eased month-on-month in May, both jet fuel and gasoline cracks surged as demand picked up seasonally.Following nearly two years of declines, observed global oil inventories increased by 77 mb in April. OECD industry stocks also rose, by 42.5 mb (1.42 mb/d), helped by government stock releases of nearly 1 mb/d…
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The Future of Rail
…in 2000 - the rail sector is the only mode of of transport that is widely electrified today.
This reliance on electricity means that the rail sector is the most energy diverse mode of transport. The regions with the highest share of electric train activity are Europe, Japan and Russia, while North and South America still rely heavily on diesel.
Passenger rail is significantly more electrified than freight in almost all regions, and regions with higher reliance on urban rail and high-speed rail are those with the largest share of passenger-kilometres served by electricity. Trends in conventional, high-speed… -
Fuel economy in Russia
…8 Lge/100 km in 2005 to 7.5 Lge/100 km in 2019. Other segments have seen slight improvements in fuel economy.Fossil fuel powered vehicles dominate the LDV market in Russia. Gasoline vehicles were 89% of LDV sales in 2019, and the remainder were diesel vehicles. Diesel powertrains are primarily present in the large SUV/pick-up segment, which accounted for 8% of LDV sales in 2019. The sales share of small SUV/pick-ups grew from 9% in 2005 to 36% in 2019. City cars and medium cars accounted for the majority of the remaining share of…
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Fuel economy in India
…attributable to a high share of diesel LDVs and an average LDV weight that is 24% lower than the global average.Fuel economy has improved since 2005, though progress has somewhat stalled recently with fuel consumption of large cars increasing on average 6% per year since 2017, and fuel consumption of large and small SUVs/pick-ups growing 3.7% and 2.6%, respectively. In contrast, the medium car segment continues to see rapid improvements.Slowing improvements may stem from a decreasing share of diesel powertrains, which are being replaced by gasoline vehicles. In 2017, diesel powertrains were 47% of…
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Does security of supply drive key biofuel markets in Asia?
…and diesel demand with biofuels is a means of increasing a country’s domestic fuel supply. China produces ethanol from corn and cassava, India uses feedstocks such as molasses from its sugar industry (the world’s second-largest) to make ethanol, and Indonesia manufactures biodiesel from palm oil, of which it is the world’s largest producer. However, the production of biodiesel in China and India, and ethanol in Indonesia, is lower because of lower domestic feedstock resources.Security of supply can be strengthened through the application of mandate polices that prescribe replacing a share of gasoline or diesel consumption…
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Energy Fact Sheet: Why does Russian oil and gas matter?
…Kozmino in the Far East. In addition, Russia also exports crude by rail. Russia has an estimated 6.9 million bpd of refining capacity, and produces a substantial amount of oil products, such as gasoline and diesel. Russian companies have spent the last decade investing heavily in primary and secondary refining capacity in order to take advantage of favourable government taxation, as well as growing global diesel demand. As a result, Russia has been able to shift the vast majority of its motor fuel production to meet Euro 5 (10 ppm) standards. Russia’s energy strategy has prioritized self-sufficienc...
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Transitioning India’s Road Transport Sector
Realising climate and air quality benefits India aims to reach net zero carbon emissions by 2070 – a demanding task given the country’s ambitious sustainable development objectives. Road transport currently accounts for a relatively small share in national CO2 emissions, but as India seeks to satisfy the mobility needs of its growing, urbanising and rapidly developing population, energy demand and CO2 emissions from the sector could double by 2050, locking in emissions and putting at risk the achievement of the long-term climate goal. This report, prepared at the request of India’s public think tank NITI Aayog, provides a…
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Oil Market Report - March 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 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…
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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…