Tag: IEA

IEA published its annual long-term energy outlook, describing the developments in oil demand and supply through to 2040. In the New Policies Scenario, the agency considers not only the current policies but also ambitions, including those set out in Paris agreement, along with possible evolution of current technologies.

IEA published the World Energy Outlook 2018, which includes global energy trends and their possible impacts on supply and demand, carbon emissions, air pollution, and energy access. With today's policies, WEO's New Policies Scenario says that energy demand will rise by more than 25% to 2040.

According to a new report by IEA, major oil and gas exporters have experienced many disruptions recently, but a new commitment to reform and economic diversification will be crucial to deal with with the changing dynamics of global energy. The new dynamics include increased production from new sources such as shale, uncertainties over the pace of oil demand growth and deployment of new energy technologies.

According to IEA's third annual Global Gas Security Review, despite the improvements in LNG flexibility, uncertainties remain for the future evolution of gas markets. This includes a risk of insufficient investment in production and infrastructure capacity, or questions regarding future shipping capacity growth.

A world wide attempt to use the right energy efficiency policies could lead greenhouse gas emissions to peak quickly and then decrease. This could happen even as the global economy doubles between now and 2040, IEA’s Energy Efficiency 2018 report. The study shows that right efficiency policies could deliver a 40% reduction of emissions.

According to IEA, global oil demand and supply are close to historically significant peaks at 100 mb/d, and neither show signs of ceasing to grow. Production has increased, driven by the US shale revolution, and supported by big increases in Brazil, Canada and elsewhere.

IEA published the report 'The Future of Petrochemicals' last week in which it analyses the industry. According to IEA, the industry will grow significantly over the next years, with plastics being its main constituent. This could double the amount of plastics in the sea by 2030.

In its monthly oil market report, IEA said that global oil consumption will top 100 million barrels per day (bpd) over the next three months, but the upcoming US sanctions against Iran's oil exports, as well as the emerging market crises in Venezuela and Brazil, are expected to affect this demand. 

Global energy investment totaled USD 1.8 trillion in 2017, a 2% decline in real terms from the previous year, according to IEA’s World Energy Investment 2018 report. The electricity sector attracted the largest share of investments in 2017, exceeding the oil and gas industry for the second year in row.

According to the IEA’s latest market forecast, strong demand growth from China, greater industrial demand, and rising supplies from the US, will transform global natural gas markets over the next five years. Namely, global gas demand will increase at an average rate of 1.6% a year, reaching over 4,100 billion cubic meters in 2023.