Lower oil prices are however also significantly helping to balance the market by bolstering demand while also leading to softer production growthfrom us shale. Assessment of the applicability and the cost reduction potential of polymeric materials for solar thermal systems novel polymer based designs evaluation of less expensive materials assessment of durability and reliability promote. Each one of its sections unveils a world that is at. Average global demand growth kbd 2832730 39 82 100 7191 70 127 262 307 58 101 170. Introductory paper a comparison of recent iea and opec outlooks. With data from 68 countries, it is the most comprehensive evaluation of solar heating and cooling markets worldwide. Mar 16, 2017 underscored by wellsupplied oil markets, and this new period of production management, the oil market report projects the following trends through 2022. The mediumterm oil market report provides iea forecasts on oil markets for the coming five years as well as an indepth. Navigating the global wind power market global wind statistics 2014 february 2015 global wind report 2014 march 2015 global wind energy outlook 2014 october 2014 offshore wind policy and market. Purchase access to iea data services by credit card. Solar heat worldwide is published on an annual basis since 2005. The balancing act a look at oil market fundamentals over. Starting in january of each year, each line shows the expected forecast of gdp growth for the specified calendar year, which tends. The opec monthly oil market report momr covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year.
The iea oil market report omr is one of the worlds 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. Task 39 final report presentation at shc 2014 in beijing china october 2014 pdf 1. Mediumterm oil market report 2014 analysis and key findings. However, this years oil supply prospects became less optimistic. Oil, refinery margins file direct access to the restricted omr data website from your webstore account subscriptions run over 1 or 2 years a 10% discount is applied on 2year subscriptions, from date to date. For an example of this report, please see the archives section. The balancing act a look at oil market fundamentals over the next five years 1 since mid2014, the crude oil market cycle has turned downward, resulting in ever lower prices, leading to deep capital expenditure capex reductions, and creating turmoil across the oil and gas industry. These are just some of the questions addressed in the 2014 edition of the mediumterm oil market report mtomr.
International energy agency iea data services subscriptions. Ieas midterm oil market report 2015 expects that 2 mbd of fuel oil would need to be switched to distillate type of fuels, while other sources show even higher switch volume estimates very high switch volume compared longterm distillate growth and fuel oil decline trends. Changes from last edition in the current release the files for oecd countries are updated with complete information for 2018. Underscored by wellsupplied oil markets, and this new period of production management, the oil market report projects the following trends through. Search, filter, explore and download iea analysis, reports and publications across all fuels and technologies. The fidslump from 2014 16 will hit the 202023 market. Unless otherwise indicated, all tables and figures in this chapter derive from iea data and analysis. This report is produced under my authority as executive director of the iea. Click to enlarge the eias steo was published on may 9, 2017. As the supply revolution enters a new phase, oil s role in the global energy mix is being redefined. Although the original intent of epca was to create a reserve of 1 billion barrels of crude oil, the. Alfalih was exasperated with those claims, arguing that natural depletion, and strong demand growth meant that there was plenty of room for. The iea december monthly oil market report was released today. Oil 2020 examines the key issues in demand, supply, refining and trade to 2025.
On the whole growing tendency of world oil supply is observed in spite of the oil price collapse in 2014. Oil 2019, the annual iea outlook for global oil markets, examines the key issues in demand, supply, refining and trade to 2024. Energy efficiency market report 2014 actuenvironnement. Answers to these questions and a host of others are to be found in the pages of weo 2014, based on new projections which are extended, for the first time, to 2040. Octobers world economic outlook trims 20 global gdp outlook to 2. Changes in expectations of economic growth can affect oil prices. The energy demand that is avoided as a result of steady improvements in the efficiency of energyusing stock such as buildings, cars and appliances is larger than the total final consumption from coal, oil or gas in iea member countries.
Jul 16, 2014 ieas mediumterm oil market report 2014 wednesday, july 16, 2014 2. The report provides a detailed analysis of key developments impacting oil market trends in world oil demand, supply as well as the oil market balance. Oil market outlook focus on the trends for the next 5 years. Summary of weekly petroleum data for the week ending may 8. Introduction to the task 39 info sheets july 2015 pdf 0. The mediumterm oil market report provides iea forecasts on oil markets for the coming five years as well as an in. Joint ieaiefopec report on the second symposium on gas and. In other words, world crude stocks should be 280 million barrels more than the dec 2014. Opec statistics, argus, euroilstock inventory report, iea, eiadoe, meti and paj. Global economic growth forecast to accelerate in 2014, to. The manner in which the iea and opec make oil price assumptions differs in two fundamental ways. National survey report of pv power application in malaysia 2018.
Since its inception in 1983, the iea s oil market report omr has become recognised as one of the worlds 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 oecd and selected nonoecd countries. As the supply revolution enters a new phase, oils role in the global energy mix is being redefined. The oil market report omr is a monthly international energy agency publication which provides a view of the state of the international oil market. Michael koehl, sandrin saile, fraunhofer ise task 39 polymers for solar thermal applications of the international energy agencys solar heating and cooling programme iea shc was a joint endeavor by polymer and solar thermal experts from industry and research. The manner in which the iea and opec make oil price assumptions differs in. Global economic growth forecast to accelerate in 2014, to 3.
Annual report joint ieaiefopec reports opec, iea, oecd, wb joint report. Oil market report, march 15 event listed by the international energy agency. Global lng market reaches 500 bcm mark by 2023 lng trade passes 500 bcm mark by 2023, reaching almost 40% of global gas trade from around a third today. Database documentation april 2020 edition international energy agency 1. The iea oil market report was published in midapril, data from the report can be found here.
The annual oil market report provides iea forecasts on oil markets for the next five years as well. The iea believes that the recent imbalances in the product market have had a significant knockon effect on oil market volatility and outright prices. Global oil production data are reported monthly in the iea oil market report. The opec monthly oil market report momr covers major issues affecting the. The price of the licence depends on the number of users. Drop in the number of rigs drilling for oil and huge reductions in exploration and production capital expenditures have been reported as a result of current oil prices.
The international energy agency iea said in its 2014 mediumterm gas market report that driven by booming demand, the golden age of natural gas that is now firmly established in north america will expand to china over the next five years. All of this years major energy reports are now out. This website allows you to purchase data card and data service subscription access to the iea online data services website. And i also wear a lot of hats, as someone with my haircut might, and im managing director at clearview energy partners as well. Coal market outlooks organised in 2012 by the international energy agency iea, the international energy forum ief and the organization of the petroleum exporting countries opec ieaief, the secondopec symposium on gas and coal market outlooks was held on 30 october 2014, hosted by the iea in paris. The projected neardoubling of chinese gas demand through 2019 compensates for a slight slowdown. The iea june monthly oil market report was released today. Mandated sales and reform congressional research service 2 increase. Feb, 2018 the latest monthly report from the iea comes at a time when rising u. Jul 07, 2007 oil market report dated 11 may 2007, a change on this scale would necessitate additional investment in upgrading capacity far above those that are currently forecast. Jun 10, 2014 the international energy agency iea said in its 2014 mediumterm gas market report that driven by booming demand, the golden age of natural gas that is now firmly established in north america will expand to china over the next five years.
Oil market report dated 11 may 2007, a change on this scale would necessitate additional investment in upgrading capacity far above those that are currently forecast. Foreword mediumterm oil market report 2014 3 foreword this edition of the mediumterm oil market report can best be seen as a guide to that uncharted territory, tomorrows oil market and industry. The latest monthly report from the iea comes at a time when rising u. Iea sees oil demand growth outpaced by nonopec supply in 2014. Since its inception in 1983, the ieas oil market report omr has become recognised as one of the worlds 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.
My name is kevin book, and im a senior associate here at the center for strategic and international studies. If you have any questions or if you wish to subscribe to the iea monthly oil data service, please contact us. Global energy and co2 status report iea, international energy. Brent prices fell after the publication of the iea report. National survey report of pv power applications in korea 2018. In may, the iea said in its medium term oil market report that it expects the call on opecs oil to slip to a low of 29. Gasoline production increased last week, averaging 7. In 2012, the iea estimated the call on opec oil at 30. Market of biomass fuels in finland an overview 20 iea bioenergy task 40 country report of finland 2014 antti karhunen lappeenranta university of technology tapio ranta lappeenranta university of technology jussi heinimo miktech oy eija alakangas vtt technical research centre of finland 2014 isbn 9789522657237 paperback. The iea released its oil market report for the month of december, 2014, leading to yet another fall in oil prices. Executive summary energy efficiency market report 2014 17 figure es. The iea oil market division would like to thank mr. A breakdown of global oil production can be accessed via the links below or via the menu bar above. This year, the report considers topics such as the impact of the new coronavirus covid19 on demand.
By accessing this site, you accept that we process certain information you send e. Omr oil market report iea opec organization of the petroleum exporting countries orb opec reference basket ppm parts per million rp resourcestoproduction. As the supply revolution enters a new phase, oils role in the global. Executive summary 18 energy efficiency market report 2014 figure es. Iea oil market report 2017 center for strategic and.
Joint ieaiefopec report on the second symposium on gas. Jun 03, 2014 these are just some of the questions addressed in the 2014 edition of the mediumterm oil market report mtomr. Subscribe to the rss feed mediumterm oil market report 2014 international energy agency. Iea sees oil market rebalancing faster if opec respects. The whole of the omr is now graphed from january 2002.
Ieas mediumterm oil market report 2014 wednesday, july 16, 2014 2. You have access to read the content online, if option available. Database documentation 2019 edition 7 international energy agency 3. Iea oil market report december 2016 peak oil barrel. Coal market outlooks organised in 2012 by the international energy agency iea, the international energy forum ief and the organization of the petroleum exporting countries opec ieaief, the secondopec symposium on gas and coal market outlooks was held on. Developing asian markets account for almost half of lng market by 2023. Flow definitions supply flow short name definition production indprod refers to the quantities of fuels extracted or produced, calculated after any operation for removal of inert matter or impurities e. Differences in world liquids demand and supply baselines for 2014 of iea and opec remain high, diverging by 1. Please refer to the technical requirements for using iea online data services website beforehand. The iea mediumterm gas market report 2014 gives a detailed analysis. The report provides a detailed analysis of key developments impacting oil. The iea released highlights for the december oil market report in mid.
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