Short-Term and Long-Term Outlook for Energy Markets
|
|
- Elaine Richard
- 5 years ago
- Views:
Transcription
1 Short-Term and Long-Term Outlook for Energy Markets Guy Caruso Administrator, Energy Information Administration Fueling the Future: Energy Policy in New England December 2, 25 Boston, MA
2 Trends in New England Energy Consumption, (quadrillion Btu) Petroleum Natural Gas Renewable Energy. Coal State Energy Data System
3 New England s Energy Picture in 21 New England United States 4 quadrillion Btu Total Energy Consumption 96 quadrillion Btu 257 million Btu Consumption per Capita 338 million Btu $35 billion Total Energy Expenditures $694 billion $2,473 Expenditures per Capita $2,433 Major Energy Sources Consumed by Share New England United States Petroleum 52% Petroleum 4% Nuclear 8% Natural Gas 22% Nuclear 1% Natural Gas 24% Coal 23% Renewables 5% Coal 6% Renewables 1% State Energy Data System
4 Characteristics of Households in New England in 21 New England 5.4 million Number of Households United States 17 million 54 percent With Natural Gas Access 73 percent 59 percent Using Air-Conditioning 76 percent 29 percent LIHEAP-Eligible 32 percent Main Space Heating Fuel New England United States Fuel Oil 5% Fuel Oil 7% Natural Gas 56% Other 4% LPG 2% Electricity 9% Natural Gas 35% Other 3% LPG 5% Electricity 29% Residential Energy Consumption Survey 21
5 Major Events and World Oil Prices dollars per barrel Oil Embargo Iran-Iraq War Begins Iranian Revolution Saudis abandon "swing producer" role Iraq Invades Kuwait Operation Desert Storm Strong Demand Growth OPEC cutbacks Venezuela Unrest 9/11 attacks Asian economic crisis; Iraq oil-for-food Refiner Acquisition Cost of Imported Crude Oil (Saudi Light Official Price for )
6 Shut-In Federal Offshore Gulf Crude Oil Production thousand barrels per day 2, WTI Crude Oil Price Shut In Capacity dollars per barrel 72 1,6 1, /22 9/5 9/19 1/3 1/17 1/31 Nov Dec Jan Feb Mar 42
7 Shut-In Gulf Coast Refinery Capacity thousand barrels per day 6, Retail Diesel Price 5, Retail Gasoline Price cents per gallon , , 25 2, Shut In Capacity , 8/22 9/5 9/19 1/3 1/17 1/ Nov Dec Jan Feb Mar 19 16
8 Tight Global Markets Result in High Crude Oil Prices 25 dollars per barrel million barrels per day Jan-9 Jan-95 Jan- Jan WTI Spot Price World Spare Production Capacity
9 World Oil Demand Growth (million barrels per day) % 1.6% 2.2% OECD* Non-OECD Asia Former Soviet Union & E. Europe Other *Organization of Economic Cooperation and Development
10 World Oil Demand Growth (million barrels per day) United States China Average Short-Term Energy Outlook, November 25
11 U.S. Petroleum Products Demand Growth (thousand barrels per day) % 2.2% 2 -.8% Total Motor Gasoline Jet Fuel Fuel Oil Other Short-Term Energy Outlook, November 25
12 Shut-In Federal Offshore Gulf Natural Gas Production billion cubic feet per day 1 Henry Hub Price * Shut In Capacity dollars per thousand cubic feet /22 9/5 9/19 1/3 1/17 1/31 * Trading on Henry Hub suspended from 9/23 1/6 Nov Dec Jan Feb Mar
13 U.S. Natural Gas Spot Prices (dollars per thousand cubic feet) Jan-2 Jan-3 Jan-4 Jan-5 Jan-6 Jan-7 Short-Term Energy Outlook, November 25
14 7 World Oil Price, (23 dollars per barrel) 6 5 High B Reference 4 $ $27.73 $ Annual Energy Outlook 25
15 U.S. Energy Consumption by Fuel, (quadrillion Btu) 6 5 Petroleum 4 3 Natural Gas Coal 2 1 Nuclear Nonhydropower Renewables Hydropower Annual Energy Outlook 25
16 U.S. Petroleum Production, Consumption, and Net Imports, (million barrels per day) Consumption 56% Net Imports 58% 1 Production Annual Energy Outlook 25
17 U.S. Natural Gas Wellhead Price, (23 dollars per thousand cubic feet) 6 5 $4.98 $ Annual Energy Outlook 25
18 U.S. Natural Gas Production, Consumption, and Net Imports, (trillion cubic feet) 3 25 Consumption Net Imports 2% 2 15% Production Natural Gas Net Imports, 23 and 225 (trillion cubic feet) Pipeline Liquefied Natural Gas Annual Energy Outlook 25
19 Major Sources of Incremental Natural Gas Supply, (trillion cubic feet) 3 Growth in Alaskan Production 25 Growth in LNG Imports Growth in Non-Associated Unconventional 2 23 Production (all sources) Annual Energy Outlook 25
20 U.S. Natural Gas Consumption by Sector, (trillion cubic feet) 12 Industrial* Electric Generators Residential Commercial 2 Transportation** * Includes lease and plant fuel ** Includes pipeline fuel Annual Energy Outlook 25
21 U.S. Net Imports of Natural Gas, (trillion cubic feet) Liquefied Natural Gas Canada Mexico Annual Energy Outlook 25
22 U.S. Electricity Generation by Fuel, (billion kilowatthours) 3, Coal 2, Natural Gas 1, Nuclear Renewables Petroleum Annual Energy Outlook 25
23 World Primary Energy Consumption by Fuel Type, (quadrillion Btu) % 2 Natural Gas 25% Oil 24% 15 Coal 1 Renewables 8% 5 5% Nuclear Share of World Total International Energy Outlook 25
24 World Marketed Energy Consumption by Region, (quadrillion Btu) Mature Market Economies Emerging Economies Transitional Economies % 42% Share of World Total 12% International Energy Outlook 25
25 World Oil Consumption and Production, 22, 21, and 225 (million barrels per day) Consumption Mature Market Economies Emerging Asia Other Production OPEC Transitional Economies Other International Energy Outlook 25
26 World Oil Consumption by Region, 22, 215, and 225 (million barrels per day) Central & South America Africa Middle East Other Emerging Asia China Mature Market Economies Transitional Economies International Energy Outlook 25
27 World Oil Reserves by Country, as of January 1, 25 (billion barrels) Saudi Arabia Canada Iran Iraq Kuwait UAE Venezuela Russia Libya Nigeria United States China Qatar Mexico Algeria Brazil Kazakhstan Norway Azerbaijan Oman Rest of World World Total = 1,278 Billion Barrels Oil & Gas Journal, "Worldwide Look at Reserves and Production, Vol. 12, No. 47 (December 2, 24).
28 World Natural Gas Consumption by Region, 22, 215, and 225 (trillion cubic feet) Central & South America Africa Middle East Other Emerging Asia China Mature Market Economies Transitional Economies International Energy Outlook 25
29 World Natural Gas Reserves, as of January 1, 25, and Cumulative Consumption, (trillion cubic feet) Middle East Transitional Economies Africa Reserves Cumulative Consumption, Emerging Asia North America Central & South America Western Europe World Natural Gas Reserves = 6,4 Trillion Cubic Feet World Cumulative Consumption, = 2,954 Trillion Cubic Feet Mature Market Asia 5 1, 1,5 2, 2,5 3, International Energy Outlook 25 Oil & Gas Journal, "Worldwide Look at Reserves and Production, Vol. 12, No. 47 (December 2, 24)
30 World Shares of Energy Use for Electricity Generation, (percent) % 1% 2% 3% 4% 5% Oil Natural Gas Coal Nuclear Renewables International Energy Annual 23 and International Energy Outlook 25
31 Periodic Reports Petroleum Status and Natural Gas Storage Reports, weekly Short-Term Energy Outlook, monthly Annual Energy Outlook 25, December 24 International Energy Outlook 25, July 25 Examples of Special Analyses Analysis of Oil and Gas Production in the Arctic National Wildlife Refuge, March 24 The Global Liquefied Natural Gas Market: Status and Outlook, December 23 Renewable Fuels Legislation Impact Analysis, July 25 Guy Caruso
International Energy Outlook 2017
International Energy 217 for Eighth IEA-IEF-OPEC Symposium on Energy s February 14, 218 Riyadh, Saudi Arabia U.S. Energy Information Administration U.S. Energy Information Administration Independent Statistics
More informationInternational Energy Outlook 2011
International Energy Outlook 211 Center for Strategic and International Studies, Acting Administrator September 19, 211 Washington, DC U.S. Energy Information Administration Independent Statistics & Analysis
More informationImpact of American Unconventional Oil and Gas Revolution
National University of Singapore Energy Studies Institute 18 May 215 Impact of American Unconventional Oil and Gas Revolution Edward C. Chow Senior Fellow Revenge of the Oil Price Cycle American Innovation:
More informationBlack Gold: America and Oil 9/23/08 NOTES 9/18/08 POSTED & ASSIGNMENT #4 INTER/EXTRAPOLATION & EXP. GROWTH?
Black Gold: America and Oil 9/23/08 NOTES 9/18/08 POSTED & ASSIGNMENT #4 INTER/EXTRAPOLATION & EXP. GROWTH? Questions Is America / world running out of oil? Can the US be energy-independent? U.S. Energy
More informationShort Term Energy Outlook March 2011 March 8, 2011 Release
Short Term Energy Outlook March 2011 March 8, 2011 Release Highlights West Texas Intermediate (WTI) and other crude oil spot prices have risen about $15 per barrel since mid February partly in response
More informationEnergy Availability and the Future of the Fertilizer Industry. Rayola Dougher API Senior Economic Advisor
Energy Availability and the Future of the Fertilizer Industry Rayola Dougher API Senior Economic Advisor dougherr@api.org Energy: the engine of our economic growth 1974 1980 1986 1992 1998 2004 2010 2016
More informationEnergy in Perspective
Energy in Perspective BP Statistical Review of World Energy 27 Christof Rühl Deputy Chief Economist London, 12 June 27 Outline Introduction What has changed? The medium term What is new? 26 in review Conclusion
More informationFuels Gaseous Liquid Solid. Nuclear. Electricity, Heating, and Cooling? Cheryl Gomez, PE, MBA, LEED AP BD+C
Cheryl Gomez, PE, MBA, LEED AP BD+C Fuels Gaseous Liquid Solid Nuclear Electricity, Heating, and Cooling? Source: US Energy Information Administration Solar, 0.2% Geothermal, 0.4% Petroleum, 1% Other Gases,
More informationU.S. EIA s Liquid Fuels Outlook
U.S. EIA s Liquid Fuels Outlook NCSL 2011 Energy Policy Summit: Fueling Tomorrow s Transportation John Staub, Team Lead August 8, 2011 San Antonio, Texas U.S. Energy Information Administration Independent
More informationAnnual Energy Outlook 2015
Annual Energy Outlook 215 for Asia Pacific Energy Research Centre Annual Conference 215 Tokyo, Japan by Sam Napolitano Director of the Office of Integrated and International Energy Analysis U.S. Energy
More informationThe Outlook for Global Oil and Natural Gas Resources
The Outlook for Global Oil and Natural Gas Resources James Slutz Deputy Assistant Secretary Office of Fossil Energy U.S. Department of Energy Seventh Oil and Gas Industry Forum Hangzhou,, China Monday,
More informationShort Term Energy Outlook
December 2007 Short Term Energy Outlook December 11, 2007 Release Highlights Global oil markets will likely remain tight through the forecast period. EIA projects that world oil demand will grow much faster
More informationCanadian Petroleum Products Institute
Canadian Petroleum Products Institute Presentation to: Atlantic Institute for Market Studies Halifax, Nova Scotia - July 20, 2006 Fuel for Thought Petroleum markets: perspectives and outlook Carol Montreuil
More informationPower & Politics Navigating the Changing Vision of Our Energy Future. Rayola Dougher, API Senior Economic Advisor,
Power & Politics Navigating the Changing Vision of Our Energy Future Rayola Dougher, API Senior Economic Advisor, dougherr@api.org U.S. oil and natural gas production is increasing as a result of technological
More informationINTERNATIONAL ENERGY AGENCY WORLD ENERGY INVESTMENT OUTLOOK 2003 INSIGHTS
INTERNATIONAL ENERGY AGENCY WORLD ENERGY INVESTMENT OUTLOOK 2003 INSIGHTS Global Strategic Challenges Security of energy supplies Threat of environmental damage caused by energy use Uneven access of the
More informationA HISTORIC SHIFT TO GOOD TIMES?
RICE GLOBAL E&C FORUM A HISTORIC SHIFT TO GOOD TIMES? Oil Pricing Outlook Alessandro Lanza, PhD Chief Economist, Eni 1 Houston, October 11, 2005 Summary Key factors in oil price dynamics Supply Refining
More informationThe Outlook for Energy:
The Outlook for Energy: A View to 24 Rob Gardner October, 216 The Outlook for Energy includes Exxon Mobil Corporation s internal estimates and forecasts of energy demand, supply, and trends through 24
More informationShort Term Energy Outlook
May 2008 Short Term Energy Outlook May 6, 2008 Release Highlights West Texas Intermediate (WTI) crude oil spot prices increased from $101 to $120 per barrel over the first 3 weeks of April as supply disruptions
More informationAnother Bull Market Consolidation or. for the
Another Bull Market Consolidation or Have Oil Prices Headed South for the John Cook Director, EIA Petroleum Division New York Energy Forum September 5, Winter? Limited Spare Capacity Weather/ Hurricane
More informationY669 IPE: Oil Politics. October 5, 2010
Y669 IPE: Oil Politics October 5, 2010 World Energy Consumption, 1965-2005, in Terawatts (TW) Top Consuming Countries, 1960-2005, in Million Barrels per Day Figure 9-5. World Consumption of Petroleum,
More informationShort-Term Energy Outlook (STEO)
December 213 Short-Term Energy Outlook (STEO) Highlights After falling by more than 4 cents per gallon from the beginning of September through mid-november, weekly U.S. average regular gasoline retail
More informationThe Outlook for Energy:
The Outlook for Energy: A View to 2040 Bill Colton December 9, 2014 This presentation includes forward-looking statements. Actual future conditions (including economic conditions, energy demand, and energy
More informationInternational Energy Outlook: key findings in the 216 Reference case World energy consumption increases from 549 quadrillion Btu in 212 to 629 quadril
EIA's Global Energy Outlook For The Institute of Energy Economics, Japan October 5, 216 Japan By Adam Sieminski, Administrator U.S. Energy Information Administration Independent Statistics & Analysis www.eia.gov
More informationEnergy in 2011 disruption and continuity
June 212 bp.com/statisticalreview Energy in 211 disruption and continuity Richard de Caux, Refining Analyst, Group Economics Outline A year of disruptions Energy and the economy Fuel by fuel Concluding
More informationOil and natural gas: market outlook and drivers
Oil and natural gas: market outlook and drivers for American Foundry Society May 18, 216 Washington, DC by Howard Gruenspecht, Deputy Administrator U.S. Energy Information Administration Independent Statistics
More informationOECD/IEA World Energy Outlook 2011 focus on oil, gas and coal
World Energy Outlook 2011 focus on oil, gas and coal The context: fresh challenges add to already worrying trends Economic concerns have diverted attention from energy policy and limited the means of intervention
More informationThe Outlook for Energy:
The Outlook for Energy: A View to 24 Todd Onderdonk FPA DFW Symposium May 216 The Outlook for Energy includes Exxon Mobil Corporation s internal estimates and forecasts of energy demand, supply, and trends
More informationEnergy in 2011 disruption and continuity
June 212 bp.com/statisticalreview Energy in 211 disruption and continuity Paul Appleby, Head of Energy Economics Outline A year of disruptions Energy and the economy Fuel by fuel Concluding remarks Energy
More informationOverview. Key Energy Issues to Economic Growth
Key Energy Issues to 225 The Energy Information Administration (EIA), in preparing model forecasts for its Annual Energy Outlook 25 (AEO25), evaluated a wide range of current trends and issues that could
More informationU.S. oil and natural gas outlook
U.S. oil and natural gas outlook New York, NY By Adam Sieminski, EIA Administrator U.S. Energy Information Administration Independent Statistics & Analysis www.eia.go v The U.S. has experienced a rapid
More informationThe Outlook for Energy: A View to 2040
The Outlook for Energy: A View to 2040 Todd Onderdonk USAEE -- Houston February 2014 This presentation includes forward-looking statements. Actual future conditions (including economic conditions, energy
More informationOverview of global crude oil reserve estimates and supply patterns. Professor Wumi Iledare LSU Center for Energy studies Baton Rouge, LA 70803
Overview of global crude oil reserve estimates and supply patterns Professor Wumi Iledare LSU Center for Energy studies Baton Rouge, LA 70803 Presentation at Audubon Kiwanis Weekly Meeting Baton Rouge,
More informationMilken Institute: Center for Accelerating Energy Solutions
Milken Institute: Center for Accelerating Energy Solutions Center for Accelerating Energy Solutions Promotes policy and market mechanisms to build a more stable and sustainable energy future Identifies
More informationGlobal Energy Trends and Where Alaska Fits
Global Energy Trends and Where Alaska Fits for 39 th Annual Alaska Resource Conference November 14, 218 Anchorage, AK by Dr. Ian Mead, Assistant Administrator for Energy Analysis U.S. Energy Information
More informationLunch Session. Oil and Gas Security. Aad van Bohemen, IEA/Energy Policy and Security Division 6 March 2018 (APEC-OGSNF) IEA OECD/IEA 2017
Lunch Session Oil and Gas Security Aad van Bohemen, IEA/Energy Policy and Security Division 6 March 2018 (APEC-OGSNF) IEA Long-term Energy Markets Outlook Key takeaways from WEO 2017 India takes the lead,
More informationWorld and U.S. Oil and Gas Production and Price Outlook: To Infinity (or at least 2050) and Beyond
World and U.S. Oil and Gas Production and Price Outlook: To Infinity (or at least 25) and Beyond Energy and Environment Symposium April 18, 218 Rifle, Colorado by Troy Cook, Senior Global Upstream Analyst,
More informationThe Changing Geopolitics of Energy - Part IV
CSIS Center for Strategic and International Studies 18 K Street N.W. Washington, DC 26 (22) 775-327 The Changing Geopolitics of Energy - Part IV Regional Developments in the Gulf and Energy Issues Affecting
More informationWORLD ENERGY OUTLOOK 2005 Middle East & North Africa Insights
WORLD ENERGY OUTLOOK 2005 Middle East & North Africa Insights Nicola Pochettino Senior Energy Analyst Global Energy Trends: Reference Scenario International Energy Price Assumptions The assumed oil-price
More informationReality Math Dot Sulock, University of North Carolina at Asheville
Reality Math Dot Sulock, University of North Carolina at Asheville World Oil II 1. US Oil Imports At the time of this graph, the US imported about 60% of its oil. Where we import this oil from is shown
More informationY376 IPE: Oil Politics. October 13, 2009
Y376 IPE: Oil Politics October 13, 2009 Oil-- Synonymous with Advanced Industrialization and Globalization Essential to industry as: Transport fuel Industrial fuel Raw material input Modern militaries
More informationEIA Short-Term and Winter Fuels Outlook
EIA Short-Term and Winter Fuels Outlook New York Energy Forum October 18, 21 New York, NY Richard Newell, Administrator U.S. Energy Information Administration Richard Newell, New York Energy Forum, October
More informationLet's get non-technical: An economist's take on the past, the present, and the future of the industry
Let's get non-technical: An economist's take on the past, the present, and the future of the industry Erkal Ersoy e.ersoy@hw.ac.uk www.erkalersoy.co.uk Agenda» The market > The petroleum industry > Supply
More informationUpstream /15/2009. Industry Outlook - Oil & Gas Demand/Supply. Required New Production. Production MOEBD. Frédéric Guinot.
Oil and Gas Industry Upstream 29 Frédéric Guinot Swiss Section The Challenge MOEBD Industry Outlook - Oil & Gas Demand/Supply 2 World Demand 16 175 12 8 9 12 Required New Production Equal to Today s Production
More informationInternational Energy Outlook 2016
International Energy Outlook 2016 For APERC Annual Conference 2017 Tokyo, Japan By Angelina LaRose U.S. Energy Information Administration Independent Statistics & Analysis www.eia.gov Global outlook 2
More informationWorld Energy Outlook Dr. Fatih Birol IEA Chief Economist 24 November 2010
World Energy Outlook 2010 Dr. Fatih Birol IEA Chief Economist 24 November 2010 The context: a time of unprecedented uncertainty The worst of the global economic crisis appears to be over but is the recovery
More informationThe Outlook for Energy:
The Outlook for Energy: A View to 24 Somnath Sinha May 12, 216 The Outlook for Energy includes Exxon Mobil Corporation s internal estimates and forecasts of energy demand, supply, and trends through 24
More informationFROM RAILROAD COMMISSIONER RYAN SITTON
2018 E N E R G Y M A R K E T O U T L O O K FROM RAILROAD COMMISSIONER RYAN SITTON TABLE OF CONTENTS 2018 ENERGY MARKET OUTLOOK Summing up the analysis contained in this report in a few sentences, my prediction
More informationShort-Term Energy Outlook
May 2012 Short-Term Energy Outlook Highlights EIA s current forecast of the average U.S. refiner acquisition cost of crude oil in 2012 is $110 per barrel, which is $2.50 per barrel lower than in last month
More informationGlobal energy markets
For Woodrow Wilson Center Global Energy Forum September 21, 215 Washington, DC by Adam Sieminski, Administrator U.S. Energy Information Administration U.S. Energy Information Administration Independent
More informationAnnual Energy Outlook 2018
Annual Energy Outlook 218 Columbia University, Center on Global Energy Policy February 13, 218 New York, NY John J. Conti, Deputy Administrator U.S. Energy Information Administration U.S. Energy Information
More informationInternational Energy Forum Global Energy Dialogue
Noé van Hulst Secretary General International Energy Forum Outline Main Global Energy Trends Key Global Energy Challenges IEF Role in Energy Dialogue Main Global Energy Trends World Energy Demand Grows
More informationThe Outlook for Energy: A View to 2040
The Outlook for Energy: A View to 2040 Rob Gardner March 2014 This presentation includes forward looking statements. Actual future conditions (including economic conditions, energy demand, and energy supply)
More informationMedium Term Energy Market Outlook IEEJ Energy Seminar October 213 Keisuke Sadamori, Director, Energy Markets & Security, IEA Primary Energy Supply from Fossil Fuels Mtoe 5 45 4 35 3 25 2 15 1 5 2 21 22
More informationAEO2005 Overview. Key Energy Issues to Economic Growth
Key Energy Issues to 225 The Energy Information Administration (EIA), in preparing model forecasts for its Annual Energy Outlook 25 (AEO25), evaluated a wide range of current trends and issues that could
More informationPresentation. at the. Bank of Canada. Ottawa, 21 July Antoine Halff
Presentation at the Bank of Canada Ottawa, 21 July 2014 Antoine Halff The oil market at a junction Balances loosen up on paper but must be seen in perspective The unconventional supply revolution enters
More informationDr. Laura Nelson, VP Energy and Environment! April 28, 2010! Unconventional Fuels Conference! Update and Policy Considerations for Development!
Dr. Laura Nelson, VP Energy and Environment! April 28, 2010! Unconventional Fuels Conference! Update and Policy Considerations for Development! World Marketed Energy Consumption! 678.3 Quadrillion Btu!
More informationGlobal Energy Dilemmas: A Geographical Perspective
Global Energy Dilemmas: A Geographical Perspective Professor Mike Bradshaw Geographical Association Annual Conference and Exhibition www.le.ac.uk http://www2.le.ac.uk/departments/geography/people/mjb41
More informationThe Outlook for Energy: A View to 2040
The Outlook for Energy: A View to 2040 Todd Onderdonk United States Association for Energy Economics February 2013 This presentation includes forward-looking statements. Actual future conditions (including
More informationInternational Energy Outlook 2017
International Energy Outlook 217 September 14, 217 Table of contents Page Overview 3 Petroleum and other liquids 31 Natural gas 47 Coal 61 Electricity 75 Buildings 91 Industrial 15 Transportation 117 Energy-related
More informationWorld Energy Outlook 2010
World Energy Outlook 2010 Nobuo Tanaka Executive Director International Energy Agency Cancun, 7 December 2010, IEA day The context: A time of unprecedented uncertainty The worst of the global economic
More informationENERGY OPEC ECONOMIC REPORT AND BALANCE SHEET 1391 CHAPTER
ECONOMIC REPORT AND BALANCE SHEET 39 CHAPTER 3 I n 202 and the first quarter of 203, international crude oil prices followed a fluctuating trend. A host of factors were responsible for the fluctuations
More informationWorld Oil Demand: Key Trends and Uncertainties
World Oil Demand: Key Trends and Uncertainties Nicola Pochettino Senior Energy Analyst International Energy Agency World Primary Energy Demand 7 000 6 000 Oil Mtoe 5 000 4 000 3 000 Natural gas Coal 2
More informationHighlights. Figure 1. World marketed energy consumption, (quadrillion Btu)
Highlights World marketed energy consumption increases by 49 percent from 27 to 235 in the Reference case. Total energy demand in the non-oecd countries increases by 84 percent, compared with an increase
More informationWorld Energy Outlook 2010 Renewables in MENA. Maria Argiri Office of the Chief Economist 15 December 2010
World Energy Outlook 2010 Renewables in MENA Maria Argiri Office of the Chief Economist 15 December 2010 The context: a time of unprecedented uncertainty The worst of the global economic crisis appears
More informationGlobal Energy Challenges and Opportuni6es Columbia University Center on Global Energy Policy
Global Energy Challenges and Opportuni6es Columbia University Center on Global Energy Policy Carlos Pascual Special Envoy and Coordinator for Interna7onal Energy Affairs U.S. Department of State September
More informationENERGY OPEC ECONOMIC REPORT AND BALANCE SHEET 1395 CHAPTER
ECONOMIC REPORT AND BALANCE SHEET 395 CHAPTER 3 C rude oil prices followed a fluctuating trend in the international market in 206, bringing the total average price of each barrel to less than 205 levels.
More informationThe Market in The International Oil Market. The Market in The Market today. A paradigm shift
The Market in 2004 The International Oil Market A paradigm shift Presentation by Anthony D Owen Reserve Bank of Australia, 10 May 2006 Surplus production capacity dropped sharply as a result of a sharp
More informationThe Role of GCC s Natural Gas in the World s Gas Markets
World Review of Business Research Vol. 1. No. 2. May 2011 Pp. 168-178 The Role of GCC s Natural Gas in the World s Gas Markets Abdulkarim Ali Dahan* The objective of this research is to analyze the growth
More informationThe Outlook for Energy:
The Outlook for Energy: A View to 24 The Outlook for Energy includes Exxon Mobil Corporation s internal estimates and forecasts of energy demand, supply, and trends through 24 based upon internal data
More informationThe Outlook for Energy:
The Outlook for Energy: A View to 2040 Ken Golden February 3, 2016 The Outlook for Energy includes Exxon Mobil Corporation s internal estimates and forecasts of energy demand, supply, and trends through
More informationGeopolitics, global demand and the quest tfor energy security
Geopolitics, global demand and the quest tfor energy security Tuesday, April 27, 2010; 12:15 2:15 PM Moderator: Brian Sullivan, Anchor, Fox Business Network Speakers: Aris Candris, President and CEO, Westinghouse
More informationShort-Term Energy Outlook (STEO)
October 218 Short-Term Energy Outlook (STEO) Forecast highlights Winter Fuels Outlook EIA s that average U.S. household expenditures for most major home heating fuels will be higher this winter compared
More informationShort-Term Energy and Winter Fuels Outlook
October 2012 Short-Term Energy and Winter Fuels Outlook EIA projects average household expenditures for heating oil and natural gas will increase by 19 percent and 15 percent, respectively, this winter
More informationEarly Release Overview
Annual Energy Outlook 21 Early Release Overview December 29 Energy Trends to 235 In preparing the Annual Energy Outlook 21 (AEO- 21), the Energy Information Administration (EIA) evaluated a wide range
More informationThomas A. Petrie, CFA Petrie Partners, Chairman
Spring Symposium Austin, TX February 10, 2017 The Future of the Oil and Gas Industry: Peak Oil or Peak Demand What s on the Horizon? Thriving in the New Commodity Price Dynamic Thomas A. Petrie, CFA Petrie
More informationJanuary Christof Rühl, Group Chief Economist
January 213 Christof Rühl, Group Chief Economist Contents Introduction Global energy trends Outlook 23: Fuel by fuel Implications Energy Outlook 23 BP 213 Introduction Global energy trends Outlook 23:
More informationEnergy Statistics: Making the Numbers Count
Energy Statistics: Making the Numbers Count IFEG Autumn Seminar, 5 th November 29 Paul Appleby, BP Group Economics Team Working with Energy Statistics The key challenges. Finding relevant & reliable data
More informationCHAPTER 4: A REVIEW OF THE ENERGY ECONOMY IN IRAN AND OTHER COUNTRIES
CHAPTER 4: A REVIEW OF THE ENERGY ECONOMY IN IRAN AND OTHER COUNTRIES 60 Nowadays, energy is the lifeblood of modern civilization. The shortage of energy that can be one of the issues related to the economy
More informationEIA Winter Fuels Outlook
EIA 2018 19 Winter Fuels Outlook U.S. Energy Information Administration Independent Statistics & Analysis www.eia.gov The main determinants of winter heating fuels expenditures are temperatures and prices
More informationShort-Term Energy and Summer Fuels Outlook (STEO)
April 2013 Short-Term Energy and Summer Fuels Outlook (STEO) Highlights During the April through September summer driving season this year, regular gasoline retail prices are forecast to average $3.63
More information2017 Outlook for Energy: A View to 2040
217 Outlook for Energy: A View to 24 Todd Onderdonk October 16, 217 The Outlook for Energy includes Exxon Mobil Corporation s internal estimates and forecasts of energy demand, supply, and trends through
More informationWorld Energy Outlook 2009 Key results and messages of the 450 Scenario
World Energy Outlook 29 Key results and messages of the 45 Scenario Marco Baroni Office of the Chief Economist International Energy Workshop Stockholm, 22 June 21 Mtoe World primary energy demand by fuel
More informationA Different Future? Robert J. Finley Illinois State Geological Survey Champaign, Illinois
Fossil Fuels, Energy Efficiency, and Carbon Emissions: A Different Future? Robert J. Finley Illinois State Geological Survey Champaign, Illinois Governor s Pollution Prevention Awards October 25, 2007
More informationShort-Term Energy Outlook (STEO)
May 2013 Short-Term Energy Outlook (STEO) Highlights Falling crude oil prices contributed to a decline in the U.S. regular gasoline retail price from a year to date high of $3.78 per gallon on February
More informationEnergy Challenges of Our Time. Dr. Fatih BIROL IEA Chief Economist
Energy Challenges of Our Time Dr. Fatih BIROL IEA Chief Economist The context: fresh challenges add to already worrying trends Economic concerns have diverted attention from energy policy and limited the
More informationRob Gardner September, 2016
The Outlook for Energy: A View to 24 Rob Gardner September, 216 The Outlook for Energy includes Exxon Mobil Corporation s internal estimates and forecasts of energy demand, supply, and trends through 24
More informationAIChE: Natural Gas Utilization Workshop Overcoming Hurdles of Technology Implementation
AIChE: Natural Gas Utilization Workshop Overcoming Hurdles of Technology Implementation Natural Gas in the United States: An Overview of Resources and Factors Affecting the Market November 2, 216 Justin
More informationOIL PRICES Developments and Effects. Mag. Johannes Benigni, January 2001 PVM Oil Associates - Vienna Strategic Energy Services
OIL PRICES Developments and Effects Mag. Johannes Benigni, January 2001 PVM Oil Associates - Vienna Strategic Energy Services PRICE MOVERS Gasoil 0.2 FOB Barges [USD/mt mt] 350 320 290 Rigid Emission Controls
More information3-1. Effect of Crude Oil Price Drop on the Global Energy Market
APERC Workshop at EWG52 Moscow, Russia, 18 October, 2016 3-1. Effect of Crude Oil Price Drop on the Global Energy Market James Kendell Vice President, APERC Background and outline of the study Background
More informationTABLE OF CONTENTS OECD/IEA, 2018 OIL MARKET REPORT
TABLE OF CONTENTS Executive Summary... 11 1. Demand... 15 Highlights... 15 Global Overview... 16 Macroeconomic environment and prices... 18 Coming changes in bunker fuel specifications... 19 Booming demand
More informationOIL MARKET DEVELOPMENTS & BREXIT
OIL MARKET DEVELOPMENTS & BREXIT London Thursday 22 nd September 2016 Oil Markets: Where Next? Christof Rühl Global Head of Research Content Oil and the economy: Recap Why did lower oil prices not support
More informationEffect of Crude Oil Price Drop on the Global Energy
2016/EWG52/WKSP1/003 Effect of Crude Oil Price Drop on the Global Energy Submitted by: APERC Asia Pacific Energy Research Centre Workshop Moscow, Russia 18 October 2016 APERC Workshop at EWG52 Moscow,
More informationShale Gas and the Outlook for U.S. Natural Gas Markets and Global Gas Resources
Shale Gas and the Outlook for U.S. Natural Gas Markets and Global Gas Resources Organization for Economic Cooperation and Development (OECD) Richard Newell, Administrator June 21, 2011 Paris, France U.S.
More informationIEA analysis of fossil-fuel subsidies for APEC
IEA analysis of fossil-fuel subsidies for APEC Marco Baroni Office of the Chief Economist International Energy Agency Kaohsiung, Chinese Taipei, 18 October 2011 Mtoe Policies could dramatically alter the
More informationEIA s Energy Outlook Through 2035
EIA s Energy Outlook Through 235 ReThink Montgomery Speaker Series Energy March 23, 21 Silver Spring, Maryland A. Michael Schaal, Director, Oil and Gas Division Office of Integrated Analysis and Forecasting
More information2017 oil price forecast: who predicts best? Information document
2017 oil price forecast: who predicts best? Information document March 2017 Since 2007, Roland Berger has published a yearly overview of available oil price forecasts Roland Berger study of oil price forecasts,
More informationEnergy Outlook for National Ocean Industries Association Annual Meeting April 17, 2015 Washington, D.C.
Energy Outlook 215 for National Ocean Industries Association Annual Meeting Washington, D.C. by Howard Gruenspecht, Deputy Administrator U.S. Energy Information Administration Independent Statistics &
More informationOil outlook: challenges & opportunities
1 Organization of the Petroleum Exporting Countries Oil outlook: challenges & opportunities Dr. Adnan Shihab-Eldin Acting Secretary General National Academies Workshop Washington, D.C October 2, 25 Outline
More information387th IEEJ Research Report Meeting Summary June 15, 2004
387th IEEJ Research Report Meeting Summary June 15, 2004 Recent International Political/Economic Situation and Oil Price Trends - Keynote Speech: Background Factors of the Recent Steep Rise in Oil Price
More information700 Quadrillion Btu History Projections. Energy Consumption (Quadrillion Btu) Carbon Dioxide Emissions (Million Metric Tons Carbon Equivalent) Region
Highlights World energy consumption is projected to increase by 59 percent from 1999 to 22. Much of the growth in worldwide energy use is expected in the developing world in the IEO21 reference case forecast.
More information