Knoema.com - Energy http://pt.knoema.com 2024-03-19T18:02:06Z /favicon.png Knoema é o seu caminho pessoal do conhecimento What Drives Global Crude Oil Prices? Balance //pt.knoema.com/jopeigc/what-drives-global-crude-oil-prices-balance 2024-03-19T18:02:06Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
What Drives Global Crude Oil Prices? Balance

Inventories act as the balancing point between supply and demand. During periods when production exceeds consumption, crude oil and petroleum products can be stored for expected future use. In the economic downturn of late 2008 and early 2009, for example, the unexpected drop in world demand led to record crude oil inventories in the United States and other OECD countries. In contrast, when consumption outstrips current production, supplies can be supplemented by draws on inventories to satisfy the needs of consumers. Given the uncertainty of supply and demand, petroleum inventories are often seen as a precautionary measure. Source: US Energy Information Administration

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What Drives Global Crude Oil Prices? Demand: OECD //pt.knoema.com/kizeznb/what-drives-global-crude-oil-prices-demand-oecd 2024-03-19T18:02:06Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
What Drives Global Crude Oil Prices? Demand: OECD

The membership of the Organization of Economic Cooperation and Development (OECD) includes the United States, much of Europe, and other advanced countries. Making up 53 percent of world oil consumption in 2010, these large economies consume more oil than the non-OECD countries, but have much lower oil consumption growth. Oil consumption in the OECD countries actually declined in the decade between 2000 and 2010, whereas non-OECD consumption rose 40 percent during the same period. Source: US Energy Information Administration

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What Drives Global Crude Oil Prices? Demand: Non-OECD //pt.knoema.com/henabsb/what-drives-global-crude-oil-prices-demand-non-oecd 2024-03-19T18:02:05Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
What Drives Global Crude Oil Prices? Demand: Non-OECD

Oil consumption in developing countries that are not part of the Organization of Economic Cooperation and Development (OECD) has risen sharply in recent years. While oil consumption in the OECD countries declined between 2000 and 2010, non-OECD oil consumption increased more than 40 percent. China, India, and Saudi Arabia had the largest growth in oil consumption among the countries in the non-OECD during this period. Rising oil consumption reflects rapid economic growth in these countries. Current and expected levels of economic growth heavily influence global oil demand and oil prices. Commercial and personal transportation activities, in particular, require large amounts of oil and are directly tied to economic conditions. Many manufacturing processes consume oil as fuel or use it as feedstock, and in some non-OECD countries, oil remains an important fuel for power generation. Because of these uses, oil prices tend to rise when economic activity and in turn oil demand is growing strongly. Many non-OECD countries are also experiencing rapid growth in population, which is an additional factor supporting strong oil consumption growth. Source: US Energy Information Administration 

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What Drives Global Crude Oil Prices? Supply: OPEC //pt.knoema.com/qxvmbzd/what-drives-global-crude-oil-prices-supply-opec 2024-03-19T18:02:05Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
What Drives Global Crude Oil Prices? Supply: OPEC

Total crude oil production by the Organization of the Petroleum Exporting Countries (OPEC) is an important factor that affects global oil prices. OPEC has historically sought to actively manage oil production among its members by setting production targets by member. As a result, since OPEC's inception, crude oil prices have typically increased when OPEC members agreed to reduce production targets. OPEC member countries produce about 40 percent of the world's crude oil. Equally important to global prices, OPEC's oil exports represent about 60 percent of the total petroleum traded internationally. Because of this market share, OPEC's actions can, and do, influence international oil prices. In particular, indications of changes in crude oil production from Saudi Arabia, OPEC's largest producer and the member that traditionally has had the largest swing capacity, frequently affect oil prices. Source: US Energy Information Administration

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What Drives Global Crude Oil Prices? Supply: Non-OPEC //pt.knoema.com/gcxgcce/what-drives-global-crude-oil-prices-supply-non-opec 2024-03-19T18:02:05Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
What Drives Global Crude Oil Prices? Supply: Non-OPEC

Oil production from countries outside the Organization of the Petroleum Exporting Countries (OPEC) currently represents about 60 percent of world oil production. Key centers of non-OPEC production include North America, regions of the former Soviet Union, and the North Sea. In contrast to OPEC oil production, which is subject to central coordination, non-OPEC producers make independent decisions about oil production. Also, in contrast to OPEC, where oil production is mostly in the hands of national oil companies (NOCs), international or investor-owned oil companies (IOCs) perform most of the production activities in non-OPEC countries. IOCs seek primarily to increase shareholder value and make investment decisions based on economic factors. While some NOCs operate in a similar manner as IOCs, many have additional objectives such as providing employment, infrastructure, or revenue that impact their country in a broader sense. As a result, non-OPEC investment, and thus future supply capability, tends to respond more readily to changes strictly in market conditions. Producers in non-OPEC countries are generally regarded as price takers, that is, they respond to market prices rather than attempt to influence prices by managing production. As a result, non-OPEC producers tend to produce at or near full capacity and so have little spare capacity. Other things being equal, lower levels of non-OPEC supply tend to put upward pressure on prices by decreasing total global supply and increasing the "call on OPEC." The greater the call on OPEC, the greater is its likely ability to influence prices. Source: US Energy Information Administration

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
The International Energy Agency Monthly Oil Market Report //pt.knoema.com/kmrvqx/the-international-energy-agency-monthly-oil-market-report 2024-03-19T10:27:59Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
The International Energy Agency Monthly Oil Market Report

The monthly Oil Market Report (OMR) from the International Energy Agency provides extensive analysis on world oil market trends as well as projections for oil supply and demand 12-18 months ahead. Developed from information obtained from the extensive IEA network of contacts with government and industry, it is the only regular, short-term analysis of the global oil industry available and has become an authoritative source for government officials and market and industry strategists alike.Following very strong year-on-year demand growth of 2.2 mb/d in 2Q17, the pace slowed to 1.2 mb/d in 3Q17, reflecting relatively weak July and August data and the impact of hurricanes in September. Our forecast of global demand growth remains unchanged at 1.6 mb/d in 2017 (or 1.6%) and 1.4 mb/d in 2018 (or 1.4%).Global oil supply rose 90 kb/d in September to 97.5 mb/d as non-OPEC output edged higher. Output stands 620 kb/d higher than last year. In 2017, non-OPEC supplies are expected to grow by 0.7 mb/d, followed by a 1.5 mb/d increase in 2018.OPEC crude output was virtually unchanged in September as slightly higher flows from Libya and Iraq offset lower supply from Venezuela. Output of 32.65 mb/d was down 400 kb/d on a year ago. Compliance with supply cuts for the year-to-date is 86%.

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
IEA, Oil Market Report: OPEC Oil Production (Annual Data) //pt.knoema.com/bghrpig/iea-oil-market-report-opec-oil-production-annual-data 2024-03-19T10:27:57Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
IEA, Oil Market Report: OPEC Oil Production (Annual Data)

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
IEA, Oil Market Report: OPEC Oil Production (Monthly Data) //pt.knoema.com/lcdukkf/iea-oil-market-report-opec-oil-production-monthly-data 2024-03-19T10:27:55Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
IEA, Oil Market Report: OPEC Oil Production (Monthly Data)

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
IEA, Oil Market Report: OECD Regional Oil Demand (Asia Oceania) //pt.knoema.com/venlyzb/iea-oil-market-report-oecd-regional-oil-demand-asia-oceania 2024-03-19T10:27:54Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
IEA, Oil Market Report: OECD Regional Oil Demand (Asia Oceania)

Region: OECD | Americas | North America | Europe | Asia Oceania

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
IEA, Oil Market Report: OECD Regional Oil Product Demand (Americas) //pt.knoema.com/xmklize/iea-oil-market-report-oecd-regional-oil-product-demand-americas 2024-03-19T10:27:52Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
IEA, Oil Market Report: OECD Regional Oil Product Demand (Americas)

Region: OECD | Americas | North America | Europe | Asia Oceania 

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
IEA, Oil Market Report: OECD Regional Oil Product Demand (Europe) //pt.knoema.com/fdqhzbe/iea-oil-market-report-oecd-regional-oil-product-demand-europe 2024-03-19T10:27:51Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
IEA, Oil Market Report: OECD Regional Oil Product Demand (Europe)

Region: OECD | Americas | North America | Europe | Asia Oceania 

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
IEA, Oil Market Report: OECD Oil Product Demand //pt.knoema.com/uetbvmf/iea-oil-market-report-oecd-oil-product-demand 2024-03-19T10:27:49Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
IEA, Oil Market Report: OECD Oil Product Demand

Region: OECD | Americas | North America | Europe | Asia Oceania

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Non-OECD Oil Demand Approaching OECD Peak Demand of 2005 //pt.knoema.com/jfxxbyd/non-oecd-oil-demand-approaching-oecd-peak-demand-of-2005 2024-03-19T10:27:48Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Non-OECD Oil Demand Approaching OECD Peak Demand of 2005

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
United States Coal: Revival or Decline? //pt.knoema.com/qmfwmqc/united-states-coal-revival-or-decline 2024-03-14T10:32:54Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
United States Coal: Revival or Decline?

In March, US President Donald Trump issued the “Energy Independence” executive order, requiring the US Environmental Protection Agency to rewrite the Clean Power Plan, a keystone of former President Obama’s efforts to address climate change. According to experts from the Trump administration, rejecting federal support for alternative energy and delaying the full transition of the US economy to renewable resources will reduce the US budget by approximately 18 percent. According to Trump, his order represents a historic step toward removing restrictions on US energy and abandoning the rules that cut jobs in the industry. Just as the previous administration touted the employment opportunities of green energy development, the Trump administration is tying new growth in the coal industry to future job growth. Under the Obama administration, the US coal industry experienced a perfect storm of regulatory pressure and competition with falling natural gas prices and increasing renewable power generation capacity. During President Obama’s second term from 2012 to 2016, total US coal production declined by more than 25 percent.  In 2016, total production fell to its lowest level in 30 years.  While the executive order may seek to revive the coal industry by allowing development of US coal deposits, the US will face challenges meeting the order’s twin aims for energy self-sufficiency and a zero trade balance. The US will have to compete for market share with other coal producers during a period when forecasts show production of coal globally will outstrip growth in coal consumption. China and the US are both coal giants. For the last 20 years, China has been the world's largest coal producer and consumer, claiming roughly 45 percent of marketed coal annually. The US proved coal reserves, however, exceed 235 billion tonnes, about double China’s proved reserves.According to the latest energy outlook from BP, global coal consumption will grow by roughly 1.5 percent by 2020, yet the supply is expected to outstrip demand by 2035.In addition to potentially contributing to a slump in coal prices, the order flies in the face of science by not only supporting coal but by also lifting restrictions on methane emissions from oil and gas development sites. Methane, like CO2, is a greenhouse gas, which is proven to contribute to global warming.

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
4rd Lebanon International Oil and Gas Summit //pt.knoema.com/bnlsize/4rd-lebanon-international-oil-and-gas-summit 2024-01-18T15:53:21Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
4rd Lebanon International Oil and Gas Summit

Launched in 2012 to support Lebanon’s initial findings and to explore the potential of the country’s hydrocarbon resources, the Lebanon International Oil & Gas Summit (LIOG) provides THE meeting place for industry executives and experts to gain invaluable insight to the opportunities presented in Lebanon; the challenges and the road ahead for companies and investors. With over 400 participants from around the world expected to attend again, including top public and private sector officials, the 4th Lebanon International Oil & Gas Summit (LIOG) will return to the Hilton Beirut Habtoor Grand Hotel 24-25 April 2018.

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Haitian Public Forcing New Approach to Fuel Price Reform //pt.knoema.com/wdtpvnc/haitian-public-forcing-new-approach-to-fuel-price-reform 2023-11-09T13:09:43Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Haitian Public Forcing New Approach to Fuel Price Reform

The Government of Haiti on July 6 imposed price hikes for a variety of fuels, sparking violent protests across the country that cost lives, destroyed property, shut down air traffic, and even caused embassies, business, schools, and other entities to restrict transit and activity in the country. The government increased gasoline prices by 38 percent, kerosene by 51 percent, and diesel by 47 percent.Currently, gasoline costs $0.88 per liter while diesel costs $0.7 per liter, according to Global Petrol Prices. While a relatively low price globally, as one of the world's poorest nations, the rates are still higher than other wealthier countries in the region, such as Trinidad and Tobago, Panama, Mexico, Colombia, Ecuador, Guatemala, and Bolivia. Haiti neither produces oil or oil products nor has stocks, making it vulnerable to global price fluctuations. As a result of the violent response to the fuel price changes, the government temporarily suspended the price reform. The measure, which was a part of a reform plan agreed to with the IMF in March, was designed to increase government revenue and support public investment in areas such as health, education, and public safety. Known as a staff-monitored program, this reform was aimed at improving policy implementation to facilitate financial support from other donors, namely $96 million in loans from the Inter-American Development Bank, World Bank, and European Union.Currently, the Haitian budget is in deficit; one of the factors behind the expanding budget deficit—which is expected to be 2.5 percent of GDP in 2018—is fuel subsidies. In 2015, post-tax fuel subsidies were about $0.34 billion and accounted for 3.6 percent of Haitian GDP, according to the IMF.The IMF and the Haitian government plan to revise the fuel reform so that fuel benefits are reduced more gradually and compensatory mitigating measures can be implemented, such as transport vouchers, to protect the most financially vulnerable citizens.The IMF believes that benefits from subsidies that are keeping fuel prices below market level are disproportionately distributed in favor of the wealthy. That is why the IMF suggested reducing fuel benefits in favor of increased social expenditures.

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
What Drives Global Crude Oil Prices? //pt.knoema.com/rhikhqf/what-drives-global-crude-oil-prices 2023-08-02T11:42:17Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
What Drives Global Crude Oil Prices?

As part of the US Energy Information Administration (EIA) Energy and Financial Markets Initiative, the EIA is moving beyond its traditional coverage of the physical fundamentals of global oil markets to understand global energy prices moments. In addition to assessing factors such as energy consumption, production, inventories, spare production capacity, and geopolitical risks, EIA will now examine other influences, such as futures market trading activity, commodity investment, exchange rates, and equity markets. Today's Viz of the Day describes seven key factors that could influence oil markets. The analysis explores possible linkages between each factor and oil prices and includes regularly-updated graphs that depict aspects of those relationships.

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Oil Market At Risk of Imbalance //pt.knoema.com/aataqnd/oil-market-at-risk-of-imbalance 2023-07-22T05:36:43Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Oil Market At Risk of Imbalance

(January 18, 2023) According to OPEC estimates in Q1 2023 global demand for crude oil will increase by 1.5 mb/d compared to the same quarter a year ago and amount to 100.9 mb/d. Between September and December 2022 OPEC+ decreased oil production by 0.6 mb/d. Announced in the end of October the 2 mb/d cut in oil production by OPEC+ countries appeared to be more virtual cut as OPEC+ production in October was already lower compared to the new production targets. In this dashboard Knoema shows the most recent data from the International Energy Agency on crude oil production, production targets and spare capacity in OPEC+ countries to facilitate the analysis of short-term oil market movements.

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
United States: The World's Newest Major Exporter of Crude Oil //pt.knoema.com/aiinih/united-states-the-world-s-newest-major-exporter-of-crude-oil 2023-07-13T16:48:32Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
United States: The World's Newest Major Exporter of Crude Oil

In June, US crude oil exports reached historic levels at nearly 2.2 million barrels per day (b/d), a level similar to that of Nigeria and Iran. From 1975 until late 2015, a federal ban on the export of US crude oil severely restricted crude oil exports to all countries except Canada. By lifting the ban, the US Government has transformed the United States into a major exporter of crude oil and a force that is reshaping global oil markets. To date in 2018, the United States has averaged more than 1.7 million b/d of crude oil exports while continuing to import an average of 7.9 million b/d.Although Canada remains an important consumer of US crude oil—second only to China—the repeal of the crude oil ban has allowed US exporters to expand to nearly 30 countries.The US shale oil boom in the early years of this decade provided US refiners with high quality, discounted crudes that they were then able to sell into the export market. As a result, finished petroleum product exports have also jumped, increasing from about 1 million b/d prior to the shale boom up to 5.5 million b/d in first half of 2018.

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
OECD Confirms Energy Expenditure at Critical Levels //pt.knoema.com/gwbreud/oecd-confirms-energy-expenditure-at-critical-levels 2023-06-10T16:24:48Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
OECD Confirms Energy Expenditure at Critical Levels

(November 2022) Estimated expenditures on energy – oil, natural gas, coal and electricity – have risen sharply this year putting many countries at risk of recession.Fluctuations in the share of energy expenditures in total spending are closely associated with cyclical changes in economic activity. With energy an important input for firms, a rise in energy prices typically lowers output and raises the price level. Higher energy prices also erode the purchasing power of households: when energy prices surge, energy expenditures tend to increase, crowding out other spending.During the past five decades, OECD-wide recessions have – with the exception of the COVID-19 recession in 2020 – only occurred when the ratio of energy expenditures to GDP has been at a high level (always at least 13%) and rising. The rapid rise in estimated OECD-wide energy expenditures this year, to around 17% of GDP, is a warning signal about the near-term risk of widespread recessions among OECD economies.

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Energy Transition Puts High Economic Burden on Low-Income Fossil Fuel Exporters //pt.knoema.com/aoolhof/energy-transition-puts-high-economic-burden-on-low-income-fossil-fuel-exporters 2023-05-18T13:06:33Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Energy Transition Puts High Economic Burden on Low-Income Fossil Fuel Exporters

(6 April 2021) With the United States' reentry into the Paris Agreement and the $2 trillion American Rescue Plan that aims to reduce the carbon intensity of the US economy, the global energy transition from fossil fuels to renewables is gaining momentum. While every nation stands to benefit from prevention of excessive global warming, growth of the green economy can also mean economic losses for many fossil fuel exporters.According to data from the World Bank, today there are more than fifty countries where fossil fuel resource rents contribute to more than 1% of GDP. This list includes the forty largest net fossil fuel exporters. In more than a dozen countries, fossil fuel rents constitute more than 20% of GDP.Since the transition to renewables will reduce global fossil fuel consumption, economies that depend heavily on fossil fuel exports will feel the greatest impact from the loss of resource rent. Fossil fuels exporters with low per capita income are likely to suffer the most because of the lack of resources and human capital to boost investments in new sectors of the economy.The fossil fuel exporters most vulnerable to energy transition are those with GDP per capita of $20 thousand or less and fossil fuel rents exceeding 10% of GDP. This group, which can be found in the upper left of the chart below, consists of fourteen economies: eight African countries (Nigeria, the largest African economy, is among them), Iraq, three former Soviet republics, and Mongolia.Given the persistent political instability in many of these countries, the new climate policy and global energy transition may introduce additional risk for unrest and conflict.

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Europe Gas Price Puzzle: Temperature, Wind Speed and Gas Storage //pt.knoema.com/bjglesg/europe-gas-price-puzzle-temperature-wind-speed-and-gas-storage 2022-12-19T11:33:43Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Europe Gas Price Puzzle: Temperature, Wind Speed and Gas Storage

(10 November 2021) A mismatch between natural gas demand and supply in Europe has pushed natural gas spot prices to record highs. In this dashboard we put together data on four key short-term indicators that will shape natural gas prices in Europe this winter: air temperature; wind speed in the North Sea; volume of natural gas in storage; and industrial production.Air temperature determines how much energy is needed to heat/cool down homes and buildings in winter/summer.Wind speed in the North Sea determines the amount of electricity generated by wind turbines.Volume of natural gas in storage shows current availability of natural gas in inventories.Industrial production indicates changes in demand for energy in the real sector.

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Why are Oil Stocks Falling Behind Oil Prices? //pt.knoema.com/sipjvbd/why-are-oil-stocks-falling-behind-oil-prices 2022-12-10T11:54:47Z Nikolai Kuznetsov pt.knoema.com://pt.knoema.com/user/6481950
Why are Oil Stocks Falling Behind Oil Prices?

(September 10, 2021) Oil prices demonstrated significant growth in 2021, reaching pre-COVID levels as a result of positive expectations about economic recovery. For the same reason, oil stocks also demonstrated strong growth this year, but not to the same extent; the financial results of a number of the world's top oil companies are still not where they were in the pre-COVID-19 period, and energy sector exchange-traded fund prices have yet to reach 2019 levels. A number of factors are preventing oil stocks from keeping up with oil prices.Oil prices rose mostly due to rising costs, not to increased margin. For example, ocean freight rates increased fourfold over the last year. The deficit in the oil market, supported by supply restrictions by OPEC, is expected to turn to a surplus since an agreement to remove all oil and shipping sanctions has been achieved between Iran and the US. The oil sector, like that of other commodities, is pro-cyclical, meaning that it grows when the economy expands as indicated by growing inflation. This is what we saw this summer when US inflation was at its peak. However, the market expects inflation growth to cool down, resulting in the oil sector losing its short-term rising power. Developed countries are making a gradual transition to a green economy. The data on electricity installed capacity demonstrates a growing share of renewable energy in all regions, excluding OPEC. BP forecasts declining oil consumption and growing renewable energy consumption in all scenarios by 2050. OPEC in its forecast predicts that oil demand will start declining in 2040.

Nikolai Kuznetsov pt.knoema.com://pt.knoema.com/user/6481950
The Fossil-fuel Subsidies Undermine Energy Transition //pt.knoema.com/gsinlh/the-fossil-fuel-subsidies-undermine-energy-transition 2022-11-29T14:25:55Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
The Fossil-fuel Subsidies Undermine Energy Transition

Globally, governments spend more than $500 billion on subsidies for fossil fuels that contribute to inefficiency and negative externalities. These subsidies increase the use of fossil fuels, which causes a range of adverse environmental and health impacts.The sheer scale of subsidies makes them an important pillar of the fossil fuel industry. The International Institute for Sustainable Development (IISD) found that production subsidies by the G20 countries averaged $290 billion annually during 2017-2019. Of this amount, almost 95% went towards oil and gas, with a relatively small amount earmarked for coal. Similarly, in 2019, global consumption subsidies stood at around $320 billion. However, fossil-fuel subsidies, once they are established, are very hard to get rid of. In many countries access to cheep energy sources is crucial for consumers, while clean energy alternatives are not available. Also removing consumption subsidies immediately raises the price of energy. And when energy prices increase, the cost of many other goods and services also goes up, that can led to mass protests especially in low income countries.

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Global Gasoline Price Tracker //pt.knoema.com/tvhhsed/global-gasoline-price-tracker 2022-11-21T18:07:06Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Global Gasoline Price Tracker

Gasoline prices skyrocketed as global energy supply chains have been ruptured by war in Ukraine. Households and businesses are facing higher energy bills amid extreme price volatility. Uncertainty surrounding the war looms large, and winter energy costs are projected to soar. At an average $2.95 USD per liter, households in Hong Kong pay the highest for gasoline in the world—more than double the global average. Both high gas taxes and steep land costs are primary factors behind high gas prices.Like Hong Kong, the Central African Republic has high gas costs, at $2.29 USD per liter.  As a net importer of gasoline, the country has faced increased price pressures since the war in Ukraine.Households in Iceland, Norway, and Denmark face the highest gasoline costs in Europe. Overall, Europe has seen inflation hit 10% in late 2022, driven by the energy crisis.

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Diesel Shortage in US Could Keep Inflation Elevated //pt.knoema.com/ktnjjab/diesel-shortage-in-us-could-keep-inflation-elevated 2022-11-08T11:47:19Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Diesel Shortage in US Could Keep Inflation Elevated

The US diesel inventories reached its lowest levels since 2008, with the Energy Information Administration (EIA) reporting that, as of October 24, the country had 25 days left of distillate supplies.Energy analysts attribute the shortage to supply disruptions triggered by Russia's invasion of Ukraine and reduced refinery capacity because of regular fall maintenance and the loss of a major East Coast refinery to a 2019 fire.According to the Energy Information Administration, low distillate fuel inventories, which include diesel, jet fuel and heating oil, could push diesel prices close to $5 per gallon, even though the national price of gasoline has dropped below $4 per gallon. Since diesels the main fuel used to power trucks, rails and vessels that transport all sorts of things from food to home goods to holiday gifts across the country, increased prices are likely to bleed into other goods, too.

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
BP: Oil Production and Consumption Worldwide //pt.knoema.com/qgrohob/bp-oil-production-and-consumption-worldwide 2022-11-07T19:03:06Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
BP: Oil Production and Consumption Worldwide

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
IMF Fiscal breakeven oil price forecasts //pt.knoema.com/esilckb/imf-fiscal-breakeven-oil-price-forecasts 2022-10-26T06:18:12Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
IMF Fiscal breakeven oil price forecasts

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
The Crisis in Ukraine Will Cost the Global Economy 6.5% of GDP //pt.knoema.com/ydhgvse/the-crisis-in-ukraine-will-cost-the-global-economy-6-5-of-gdp 2022-10-26T06:10:33Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
The Crisis in Ukraine Will Cost the Global Economy 6.5% of GDP

(20 May 2022) Sanctions against Russia coupled with the partial ban on imports of Russian oil and natural gas by the U.S. and its closest allies led to significant shortages of energy commodities in EU and US. In April 2022 compared to the start of 2019 world prices for coal increased over 230%, price for natural gas and crude oil rose by 205% and 83%, respectively.According to Thunder Saudi Energy, energy expenditure across the globe will likely reach all-time highs of $13 trillion in 2022, representing 13% of global gross domestic product (GDP) due to soaring energy prices.Compared to 2021 the ratio of global energy expenditure to world GDP will increase by 6.5 percentage points (from 6.5% to 13% of GDP). Final demand expenditure equivalent of 6.5% of global GDP, that would have been spent by households and businesses to purchase goods and services and increase investment in fixed assets, instead will be paid to energy producers. Higher pricers for other commodities like food, fertilisers and metals also subdue economic growth.Unlike to coronacris central banks and governments don't have much room for fiscal and monetary stimulus, that increases the probobility of global recession.

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Monthly Crude Oil Prices //pt.knoema.com/iaeapfb/monthly-crude-oil-prices 2022-10-26T06:09:50Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Monthly Crude Oil Prices

Crude oil is one of the most actively traded commodities in the world. Petroleum still remains the primary energy source for transportation and manufacturing industries. For this reason, oil price movements may impose significant influence on economic situation in different countries. Oil prices are changing due to the interaction between supply and demand forces on the international commodity markets. There are three major markers of crude oil commonly traded on commodities exchange: Brent, WTI (West Texas Intermediate) and Dubai. Statistics below depicts up-to-date figures on current oil prices as well as recent monthly price changes. More energy statistics

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Monthly Coal Prices //pt.knoema.com/fqlmzq/monthly-coal-prices 2022-10-26T06:09:49Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Monthly Coal Prices

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Commodity Passport: Oil in Africa //pt.knoema.com/jhkxmyd/commodity-passport-oil-in-africa 2022-10-26T06:09:48Z Ilona Ambartsumyan pt.knoema.com://pt.knoema.com/user/1000340
Commodity Passport: Oil in Africa

Key Statistics about this commodity Source:US Energy Information Administration

Ilona Ambartsumyan pt.knoema.com://pt.knoema.com/user/1000340
Renewable Energy Adoption Path //pt.knoema.com/wdxtjgb/renewable-energy-adoption-path 2022-10-17T19:54:44Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Renewable Energy Adoption Path

Renewable energy is the cornerstone of global climate agenda. The decrease in greenhouse gas emissions needed to stop the global warming requires the transition from the use of heavy GHG intensive fossil fuels to carbon free renewable energy sources like wind and solar power. Latest data from BP on global energy consumption shows that energy transition gaining momentum. However long-term trends in energy consumption point that energy transition will unlikely prevent the global warming. Surprising, but for the last 50 years (1970-2021) share of coal - the most GHG intensive fuel - has not changed deviating between 25 and 30% of total primary energy consumption.Crude oil has been substituted by natural gas and renewables has substituted nuclear energy while share of hydropower energy is unchanged.Compared to ICT revolution, for example, internet and mobile phones adoption, renewable energy adoption rate is left far behind. Between 1990 and 2020 global internet and mobile cellular subscriptions adoption increased from zero to almost 60% and over 100 subscriptions per 100 inhabitants respectively. For the same period share of wind and solar energy in global primary energy consumption increased to just 2.9% and 1.6%. 

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
LinkUp | Double Trouble for Oil & Gas Industry with the Low Energy Demand and Prices //pt.knoema.com/jslxsyf/linkup-double-trouble-for-oil-gas-industry-with-the-low-energy-demand-and-prices 2022-09-15T08:43:11Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
LinkUp | Double Trouble for Oil & Gas Industry with the Low Energy Demand and Prices

(17 June 2020)  The oil and gas industry has taken a direct hit from the COVID-19 pandemic that has wiped out almost a third of global oil demand through lockdowns and travel bans. As storage capacities were maxed out, crude oil and gas prices headed downward. Along came the OPEC+ deal, however, and the reopening of China, US and many European countries and oil prices began their upward climb to nearly $40/barrel in early June. Nevertheless data shows that US oil and gas companies are still in the danger zone.For the majority of US shale oil producers, current crude oil prices are still below their total production costs, which range between $46 and $52 per barrel depending on the oil producing region.During the week of June 12, 2020, the number of oil and gas drilling rigs in operation in the United States fell to a record low of 279, according to Baker Hughes, an American oilfield services company. Oil rig count, an early indicator of future output, has been declining sharply since mid-March due to a drop in global oil demand caused by the COVID-19 pandemic. According to LinkUp, in the beginning of June 2020 the number of active jobs listed in for the oil gas sector (including related services) declined by 86 percent on a year-over-year basis.

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Russia's Estimated Revenues From Fossil Fuel Exports //pt.knoema.com/xqisrlf/russia-s-estimated-revenues-from-fossil-fuel-exports 2022-08-01T09:42:11Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Russia's Estimated Revenues From Fossil Fuel Exports

Since February 2022 the Federal Customs Service of Russia suspended publication of foreign trade statistics. The Centre for Research on Energy and Clean Air (CREA) filled in the gap using data from various sources from real-time marine traffic trackers like MarineTraffic.com and Datalastic to official sources like Eurostat and Comtrade.According to CREA estimates, between January and July 2021 Russia's revenue from exports of fossil fuels amounted to $192 billions. Largest importers of fossil fuels from Russia were China ($29,9 bn.), Germany ($18,5 bn.), Netherlands and Turkey ($10,5 bn. each). 

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
IMF: Europe's GDP Losses Associated with a Russian Gas Embargo //pt.knoema.com/pjkfhdd/imf-europe-s-gdp-losses-associated-with-a-russian-gas-embargo 2022-07-22T10:57:27Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
IMF: Europe's GDP Losses Associated with a Russian Gas Embargo

As Ukraine conflict has placed natural gas supply in Europe at risk, IMF analysed the implications of disruptions in Russian gas for Europe’s balances and economic output. Here are key finding.The most vulnerable countries in Central and Eastern Europe — Hungary, Slovak Republic and Czechia — face a risk of shortages of as much as 40 percent of gas consumption and of gross domestic product shrinking by up to 6 percent.The effects on Austria, Germany and Italy would also be significant, but would depend on the exact nature of remaining bottlenecks at the time of the shutoff and consequently the ability of the market to adjust.Many other countries are unlikely to face such constraints and the impact on GDP would be moderate—possibly under 1 percent.

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Europe Without Russian Energy Inputs //pt.knoema.com/tqrxnng/europe-without-russian-energy-inputs 2022-07-06T11:14:39Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Europe Without Russian Energy Inputs

As EU and other developed countries are reducing dependency on Russian energy commodities over the course of 2022, risks of energy supply disruptions and adverse economic effects remain extremely high.According to OECD, the complete embargo on imports of Russian energy commodities by EU and UK will reduce GDP in growth by 1.3 and 0.7 percentage points in 2022 and 2023 respectively compared to baseline. And world GDP growth will decelerate by 0.5 percentage points in 2020. Inflation in Europe will accelerate by 1.1 and 0.5 percentage points in 2022 and 2023 respectively compared to baseline.Different industries will be affected unequally. According to the OECD estimates for European countries,  the embargo on Russian energy inputs will reduce output in production of petroleum products, electricity generation and mining of energy commodities by 37%, 30% and 25% respectively. Output in transportation industries will fall by 5-8% and production of chemicals and basic metals will drop by 4% and 3%, respectively. Services industries will suffer much less compared to other industries.

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
IEA, Oil Market Report: World Oil Supply //pt.knoema.com/yruujh/iea-oil-market-report-world-oil-supply 2022-06-22T18:29:48Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
IEA, Oil Market Report: World Oil Supply

On the whole growing tendency of world oil supply is observed in spite of the oil price collapse in 2014. However, this year’s oil supply prospects became less optimistic. 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. This will certainly lead to a loss of production, particularly in the short- to medium-term, despite the fact that lower oil prices have forced operators to become more efficient as they aim to secure the benefits of cost deflation. Moreover, there are economic factors that also weighed heavily on the oil market: slowing global economic growth as the after-effects from the recent financial crisis. According to current estimates, over the past 10 years around 40% of the world's oil supply are provided by OPEC member countries, the remaining part is procured by Non-OPEC countries. Both groups of oil producers show overall positive trend. OPEC Member Countries have made significant additions to their oil reserves in recent years, for example, by adopting best practices in the industry, realizing intensive explorations and enhanced recoveries. As a result, OPEC's proven oil reserves currently rise.

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
IEA, Oil Market Report: OECD Regional Oil Demand (North America) //pt.knoema.com/ymrbtn/iea-oil-market-report-oecd-regional-oil-demand-north-america 2022-06-19T18:26:58Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
IEA, Oil Market Report: OECD Regional Oil Demand (North America)

Region: OECD | Americas | North America | Europe | Asia Oceania

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Natural Gas Price Forecast: 2021, 2022 and Long Term to 2050 //pt.knoema.com/ncszerf/natural-gas-price-forecast-2021-2022-and-long-term-to-2050 2022-05-29T18:28:16Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Natural Gas Price Forecast: 2021, 2022 and Long Term to 2050

(15 June 2021) The US natural gas spot price at Henry Hub, Louisiana — the benchmark price reference for the US natural gas market and an important price reference in global gas trading — will average $3.07 per million British thermal units (MMBtu) in 2021, a 51% increase from the 2020 average, according to the U.S. Energy Information Administration (EIA). The agency attributes this year's price growth to rising liquefied natural gas (LNG) exports and increasing domestic natural gas consumption outside of the power sector. In 2022, Henry Hub prices are expected to decrease to $2.93/MMBtu due to slowing growth in LNG exports and rising US natural gas production. The World Bank, in its Commodity Markets Outlook, forecasts US natural gas prices to remain close to current levels over the rest of 2021, averaging $2.80/MMBtu, which marks a 39% rebound from 2020. The report cites global economic recovery, cold weather, and supply disruptions as the main drivers of the rebound in prices this year. The World Bank expects the other two benchmarks, European and Japanese natural gas import prices, to show different dynamics in 2021, with a steeper increase in European prices and a small decline in Japanese prices. The consensus forecast for 2021 from the four leading sources — EIA, the International Monetary Fund (IMF), World Bank, and the Canadian Government — is $2.81/MMBtu, which is 39% higher than in 2020. See the charts below to compare forecasts from different sources and analyze supply and demand forces. Natural gas is widely used in energy generation, transportation, commercial, and household sectors, as well as in energy-intensive industries such as chemical, iron and steel manufacturing. The United States, Europe, Russia, and China, the top four natural gas consumers, together accounted for 53% of global consumption in 2019.   Price forecasts for other critical commodities: gold | silver | copper | aluminum | nickel | zinc | coal | crude oil 

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
The New Era of Hydrogen is Coming //pt.knoema.com/widimye/the-new-era-of-hydrogen-is-coming 2022-03-20T15:53:02Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
The New Era of Hydrogen is Coming

(23 August 2021) Hydrogen may replace natural gas in the course of the future energy transition, as it's a carbon-free energy alternative that can be used both in transportation and as a fuel for electric power generation. For this reason, a number of countries around the globe plan to develop hydrogen production on a large scale. In this dashboard, we explore how the production and consumption of hydrogen could change in the coming decades.The BP 2020 Energy Outlook presents three scenarios for energy transition, each with a different projection for global hydrogen production. Under the Business-As-Usual scenario, overall annual hydrogen production would reach 4.02 Exajoules (EJ) by 2050, while in the Rapid Transition Scenario it would reach 24.72 EJ. Under BP's Net Zero Scenario, a tremendous 57.97 EJ of hydrogen per year would be produced by mid-century.The International Energy Agency (IEA) in its Net Zero by 2050 scenario projects that annual hydrogen production would rise to 70 EJ by 2050, while the demand for hydrogen would be at 20 EJ per year. The IEA's Sustainable Development Scenario forecasts the European low-carbon fuel demand increasing by 9 times by the middle of the 21st century (hydrogen increasing by 27 times, biogas quadrupling). Under the same scenario, global hydrogen production could reach 729 metric tons per year by 2030, from the current 55 metric tons per year in 2021.The U.S. Energy Information Administration (EIA) projects that the United States' hydrogen consumption would be in the range of 3,604 to 5,349 Terajoules (TJ) by 2050. The hydrogen used in the transportation sector alone could reach 4,356 TJ by mid-century. How do the three types of hydrogen (grey, blue and green) differ? Grey hydrogen is the hydrogen produced by splitting natural gas into hydrogen and CO₂; the process releases CO₂ into the atmosphere. Blue hydrogen, on the other hand, is produced using a similar process,  but with the CO₂ captured at the end and stored through Carbon Capture Usage and Storage (CCUS) technologies. Finally, green hydrogen is produced by splitting water by electrolysis, with the process powered by renewable energy. CO₂ is not produced at all, making this type of hydrogen the cleanest existing option.   See also: Scenarios for Energy Transition up to 2050: IEA and BP Projections

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Crude Oil Price Forecast: 2021, 2022 and Long Term to 2050 //pt.knoema.com/yxptpab/crude-oil-price-forecast-2021-2022-and-long-term-to-2050 2022-03-13T15:06:03Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Crude Oil Price Forecast: 2021, 2022 and Long Term to 2050

(13 May 2021) Brent crude oil prices will average $62.26 per barrel in 2021 and $60.74 per barrel in 2022 according to the forecast in the most recent Short-Term Energy Outlook from the US Energy Information Administration (EIA). This represents a rebound from the 2020 average of $41.69 per barrel, but it is still lower than pre-COVID levels. The International Monetary Fund, in its latest release of the World Economic Outlook, predicts a similar recovery scenario, with Brent oil prices rising to US$59.74 per barrel in 2021 and then to $56.23 in 2022. Oil price forecasts depend on the interaction between supply and demand for oil in international markets. The most important supply-side factors impacting pricing in the next few years are expected to include US shale oil production, US crude oil stocks, and OPEC oil supply. A chronology of oil price swings since the end of 2019:In December 2019, Brent crude price averaged $67 per barrel, which was $10 higher than at the end of December of the previous year. This reflected the expectation of improving economic conditions in 2020.However, in January 2020, oil prices lost all the gains accumulated since October 2019 as the Coronavirus outbreak in China affected oil demand due to travel restrictions and decreased entertainment spending.In early March 2020, OPEC and non-OPEC partner countries failed to reach an agreement on oil production cuts. As a result, the two largest oil producers — Russia and Saudi Arabia — commenced a price war, flooding market with cheap oil against the backdrop of falling global demand as local coronavirus outbreaks developed into a pandemic. Oil prices plummeted, as a result, soon reaching a twenty-two-year low of $9.12 per barrel in April.On April 12, OPEC+ countries agreed to cut oil production by 9.7 million barrels/day during the next two months. Anticipation of the successful deal led to an oil price rebound. But on April 20, prices for WTI futures that were due to expire the next day plunged below zero for the first time ever. Because of the dramatic shrinkage of oil demand due to the Coronavirus lockdown, companies had filled their entire storage capacity with unused oil and were trying to get rid of expiring futures contracts at their cost.By the end of 2020, when the first COVID-19 vaccination campaigns had started, the crude oil price reached $52 per barrel.During the first months of 2021, oil prices continued growing, reaching a one-year maximum of $69.95 on March 5. The gains reflect improving oil demand due to progress in COVID-19 vaccination as well as recovering global economic activity. Rising shipping costs and disruptions to petroleum supply from extreme winter weather in Texas also put upward pressure on crude oil prices in February.   Price forecasts for other critical commodities: gold | silver | copper | aluminum | nickel | zinc | coal | natural gas 

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Tightening Nuclear Power Supply in France Puts Europe's Power Market under Pressure //pt.knoema.com/uchfhab/tightening-nuclear-power-supply-in-france-puts-europe-s-power-market-under-pressure 2022-02-18T10:31:54Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Tightening Nuclear Power Supply in France Puts Europe's Power Market under Pressure

(18 February 2022) Due to nuclear reactors maintenance and repair program, EDF - a French multinational electric utility company - revised down its nuclear electricity generation estimates for 2022 (from 300 – 330 TWh to 295 – 315 TWh) and 2023 (from 340 – 370 TWh to 300-330 TWh). The decrease in nuclear power generation in France can potentially push up power prices in Europe in coming months.According to the European Network of Transmission System Operators for Electricity (ENTSO-E), in 2021 nuclear power generation in France amounted to 359 TW and accounted for 70% of total electricity generation.The downward revision for nuclear energy generation announced by EDF is an equivalent of 2 and 7% of total 2021 electricity generation in France.According to Eurostat, France is the second largest electricity exporter in Europe. In 2020 France exported 64.6 TWh of electricity. Major importers of electricity from France in 2020 were Italy, Germany, the United Kingdom and Spain.

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Europe Electricity Generation Tracker: Wind Energy in Focus //pt.knoema.com/ojcdstg/europe-electricity-generation-tracker-wind-energy-in-focus 2022-02-18T08:38:05Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Europe Electricity Generation Tracker: Wind Energy in Focus

(12 January 2022) To meet its goal of net zero greenhouse gas (GHG) emissions, Europe increasingly relies on wind energy. According to data from the European Network of Transmission System Operators for Electricity (ENTSO-E), in 2020 and 2021 wind energy generation accounted for an average of 16.3% of Europe's total electricity generation. Though wind energy helps to reduce GHG emissions, the supply of wind energy available depends heavily on wind speed. And in the event of unfavorable weather conditions, the loss in wind energy supply has to be compensated for by an increase in electricity generated by burning natural gas and coal, which pushes up market prices for these fossil fuels. (The reverse is also true: ideal wind generation conditions lead to decreased fossil fuel power generation, pushing natural gas and coal prices down.) Since wind energy generation has become an important leading indicator for European coal and natural gas market movements, Knoema has employed ENTSO-E data to create a daily electricity generation tracker for European countries.On the basis of the ENTSO-E data*, Knoema estimates that in the first 10 days of January 2022, wind energy generation in Europe was 3.5 times higher than in the same period a year ago. The average daily share of wind energy generation in Europe's total energy generation increased to 28.8%, compared to only 8.9% a year ago. The increase in wind energy generation may help to stabilize coal and natural gas prices in Europe. This dashboard also includes total daily electricity generation for Europe and for individual countries in the region. When adjusted for working days and temperature, daily electricity generation can be used as leading indicator of economic activity.   *Sample includes 28 European countries for which ENTSO-E provides data since at least January 1, 2021.

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
China's Thermal Power Demand Hit Record //pt.knoema.com/hvtcly/china-s-thermal-power-demand-hit-record 2022-02-15T08:17:05Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
China's Thermal Power Demand Hit Record

(04 October 2021) China's economy has quickly recovered from the coronavirus crisis and is expected to grow between 7% and 8% in 2021 due to recovery of global trade, expansionary monetary policy, and increase in government spending. However, the rapid growth of the economy not only creates income and jobs, but can also lead to a shortage of resources.Strong economic growth in China translated into high demand for electricity, 57% of which is generated by coal power plants. In January-August 2021, China's total electricity output and thermal power* generation increased by a record 617 and 465 terawatt-hours, respectively, compared to the same period last year.As 70% of electricity in China is generated by thermal power plants, the only way to meet the high electricity demand in the short term is to burn more coal and natural gas.Beijing's informal ban on coal imports from Australia (the largest exporter of coal to China) and disruptions in domestic coal production caused by safety checks, coming at a time of record demand for electricity, contributed to a coal price rally at Chinese and international markets. While households and industry are ordered to decrease electricity consumption to soften the impact of the coal shortage, China is ready to import coal at any price to ensure heating and power generation this winter. *Thermal power plants generate electricity by a steam boiler fuelled by coal, natural gas, heating oil, as well as by biomass. Thermal power accounts for 70% of electricity generated in China. 80% of thermal power plants are fuelled by coal.

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Asia Bets on Nuclear Power in Global Energy Transition //pt.knoema.com/jokldqf/asia-bets-on-nuclear-power-in-global-energy-transition 2022-01-18T18:06:37Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Asia Bets on Nuclear Power in Global Energy Transition

(24 December 2021) While many countries have started to phase out nuclear power generation under the pressure of safety concerns raised by the 2011 Fukushima accident, many Asian and Middle East countries have ambitious plans to substantially increase their nuclear power generation capacity.According to the latest data from the World Nuclear Association, the total capacity of proposed and planned nuclear reactors in Asian* countries reaches 301 Gigawatts, which is nearly twice the capacity of operable reactors and reactors currently under construction. For the Middle East this ratio is even higher, with proposed and planned reactor capacity 3.4 times greater than that of existing reactors and those already under construction — though the total capacity of existing nuclear power generation in the Middle East (4 gigawatts) is much lower than the current capacity in Asia (114 gigawatt).For North America, Europe, and CIS** countries, the ratio of planned and proposed nuclear reactor capacity to existing capacity and capacity under construction equals 0.14, 0.25, and 1.15, respectively. In the tables below, you can explore data on current, under-construction, planned, and proposed nuclear capacity by country and region. Select a nuclear power reactor status and measure (number of reactors or total capacity in megawatts electrical, MWe) from the first drop-down to view details in the table to the right. Select a country in the second drop-down menu to display country-specific details in the chart at the bottom of the page. Notes: *Asia excluding CIS countries. **CIS countries include former Soviet Union republics except the Baltic states.

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
High Energy Costs: Incentive or Obstacle for Energy Efficiency? //pt.knoema.com/kjvjpbe/high-energy-costs-incentive-or-obstacle-for-energy-efficiency 2022-01-18T18:05:50Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
High Energy Costs: Incentive or Obstacle for Energy Efficiency?

(21 December 2021) Achievement of the long-term global temperature goal — to limit global warming to well below 2 degrees Celsius, ideally to 1.5 degrees, above pre-industrial levels — requires not only a transition from fossil fuels to renewable energy, but also more efficient use of energy. In this dashboard we’ve put together data from different sources to estimate whether high energy prices can serve as an incentive to increase energy efficiency. Our estimates for a sample of 79 countries for 2019 confirm the hypothesis that high energy prices in general correspond to high energy efficiency, which suggests that energy price regulation policies can contribute to efforts to limit global warming. Note: Energy intensity has been calculated as a ratio of total primary energy consumption (from a dataset by bp) to GDP at current PPPs (World Bank). Gasoline price, converted to international dollars using PPP to exchange rate ratios, has been used as a proxy for energy price.

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
EU Coal Fueled Post-Covid Recovery //pt.knoema.com/klbnstf/eu-coal-fueled-post-covid-recovery 2022-01-18T18:04:37Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
EU Coal Fueled Post-Covid Recovery

(20 December 2021) Europe, which aims to be the first climate-neutral continent by moving to a clean, circular economy, has increased its use of coal — the most carbon-intensive fossil fuel — to meet the growing demand for electricity.According to Eurostat monthly energy statistics, for January through September 2021 electricity generation by coal power plants saw a greater increase compared to the same period last year than electricity generation from other types of fuel. For the same period, wind and natural gas electricity generation declined because of unfavorable weather conditions, natural gas shortages, and record high natural gas prices.For Germany, Poland and the Netherlands, which account for 85% of the total year-over-year increase, burning more coal was the only option to increase electricity generation as much as was required for post-COVID economic recovery.Though coal power generation accounts only for 13.5% of total electricity generation in the EU-27, for Poland and Germany coal is a vitally important fossil fuel, as coal power accounts for 28% and 72% of these nations’ total electricity generation, respectively. The visualizations below display power generation data for the E.U. by default. Choose a country from the drop-down menu to view country-specific data.

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
US is Leading the Global Energy Transition //pt.knoema.com/guamqie/us-is-leading-the-global-energy-transition 2022-01-18T18:03:34Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
US is Leading the Global Energy Transition

(17 December 2021) With the global energy transition gaining momentum, we've employed Knoema's public data repository to rank leading economies by their energy transition progress. Knoema’s Global Energy Transition Ranking is based on four indicators: all-electric car stock, using a dataset from the International Energy Agency; wind and solar electricity capacity data, from the International Renewable Energy Agency; and net change in CO2 emissions from fossil fuels combustion between 2010 and 2020, from Global Carbon Atlas. Here are key findings:The U.S. is leading the global energy transition. It has the world’s second-largest stock of all-electric cars and second-largest wind and solar electricity generation capacities, and it is far ahead of the rest of the world in reducing С02 emissions over the past decade: U.S. CO2 emissions from fossil fuel combustion in 2020 were 963 million metric tons of carbon lower than in 2010.China, which is the leading country on the scale of adopted renewable energy technologies — stock of EVs and solar and wind electricity generation capacity — is ranked only 24th in the Global Energy Transition Ranking because of the country’s upward trend in CO2 emissions. Between 2010 and 2020, China’s CO2 emissions increased by 2,051 million metric tons of carbon.

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
China: Russia Becomes Top Fossil Fuels Supplier //pt.knoema.com/rcuooq/china-russia-becomes-top-fossil-fuels-supplier 2022-01-10T09:14:05Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
China: Russia Becomes Top Fossil Fuels Supplier

(30 September 2020) With global economic activity constrained by COVID-19, energy demand globally has likewise headed south, sending suppliers of fossil fuels hunting for new buyers and reinforcing contracts and infrastructure ties with existing. The Chinese market is particularly attractive, and Russia has recently achieved competitive gains in this valuable market. China not only represents the largest market today for fossil fuels but its economy has already begun to recover ahead of global economic peers, reigniting energy consumption. Along with India, China is also expected to be among the only major economies driving global demand in the long-term.During March to August 2020, China's fossil fuels imports from Russia accounted for 18 percent of China's total fossil fuels imports by value, a statistic unchanged from 2019. In contrast, Saudi Arabia's share in China's imports of fossil fuels decreased to 14 percent for the March to August 2020 period from 18 percent in 2019.Russia's gains were enabled by long-term investments in expanding its export infrastructure. In late 2019, Russia launched the natural gas pipeline known as "Power of Siberia", or the China–Russia East-Route Natural Gas pipeline. China contractually obligated to purchase 5 bcm of Russian natural gas in 2020 and scale up to 38 bcm in the next five years. Simultaneously, Russia's Eastern Siberia-Pacific Ocean crude oil pipeline reached maximum operating capacity, delivering 130 million tones of crude oil to Russia's port at Kozmino on the coast of the Sea of Japan, which is then transported by sea mostly to China and South Korea.

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
First River | Steel Demand Watch //pt.knoema.com/fqylslb/first-river-steel-demand-watch 2021-11-11T09:01:16Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
First River | Steel Demand Watch

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Economic Recovery in Europe Stumbled on Natural Gas Shortage //pt.knoema.com/dfjohbe/economic-recovery-in-europe-stumbled-on-natural-gas-shortage 2021-11-10T08:39:00Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Economic Recovery in Europe Stumbled on Natural Gas Shortage

(October 6, 2021) The energy crisis in Europe is intensifying, in part because the long and cold 2020-2021 winter depleted the volume of natural gas available in gas storage capacities.The latest natural gas storage data from the Aggregated Gas Storage Inventory shows that only 75% of gas storage capacities were full as of October 4th, compared to an October average of over 90% for 2016-2020. The low level of gas reserves in Europe has already led to a six-fold increase in natural gas spot prices compared to the beginning of 2021. Wholesale electricity prices in Europe in 2021 are expected to more than double compared to the previous year.

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Which Countries Have the Most Ambitious 2030 Emissions-Reduction Targets? //pt.knoema.com/mynafrd/which-countries-have-the-most-ambitious-2030-emissions-reduction-targets 2021-11-08T11:19:10Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Which Countries Have the Most Ambitious 2030 Emissions-Reduction Targets?

Climate change is recognized as a significant issue for people's lives and economic well-being worldwide. Since greenhouse gas (GHG) emissions are associated with climate change, many countries have been making efforts to regulate and limit them. Under the 2015 Paris Agreement, countries pledged to advance climate change mitigation by committing to national GHG reduction targets. In 2015, the countries submitted their first national strategies, known as Nationally Determined Contributions or NDCs, for reducing their share of greenhouse gases by 2030. The data visualizations below explore GHG emission reductions from 1990 to the present, as well as potential future reductions based on countries' current NDCs.Since 1990, the most significant reductions in GHG emissions have been achieved by the United Kingdom (40.9% decline), Russia (30.9%), and the EU-27 (22.1%). Emissions cuts in the UK and European Union (27) were driven by decarbonization of the energy sector, improving energy efficiency, and structural changes in the economy that shifted energy-intensive industries to the developing world and increased of service-based sectors in GDP. In Russia, GHG emissions declined due to the deep economic crisis of the 1990s that induced industries to close down or substantially reduce output. By the early 2000s, emissions had dropped more than 40% from 1990 levels.Comparing current emissions with 2005 levels, the standout leaders are the UK and Brazil, which have succeeded in decreasing emissions by 30%. The European Union (27) has reduced its emissions by 16% since 2005, while Russia's emissions, in contrast, have grown by 23%.According to the most recently submitted NDCs, the most ambitious goals in emissions reduction by 2030 belong to the UK, the EU-27, and Australia, followed by Brazil and the United States. The Russian NDC reflects a goal to stabilization of emissions on the 70% of 1990 level, or an increase of 12% compared to the 2015 level. Indonesia, according to its latest NDC of 2016, expects a decrease in emissions at 1.6% below 2015 levels (or an increase of almost 64% over 2005). In the best-case scenario, including international support, Indonesia expects to reduce emissions up to 18% below 2015 levels (a 36% rise over 2005).   This dashboard contains data on 10 major economies, 7 of which top the list of the largest GHG emitters on the planet. The proposed actions of these countries will largely determine the extent of future GHG emissions reductions and whether they meet the aims of the Paris Agreement.

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Energy Investment Requirements on the Road to Net Zero //pt.knoema.com/evuhyjf/energy-investment-requirements-on-the-road-to-net-zero 2021-10-20T14:05:48Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Energy Investment Requirements on the Road to Net Zero

(27 September 2021) Reaching the decarbonization goals outlined in the Paris Agreement in order to create a sustainable future energy system will require huge investment by all major economies. This dashboard explores the energy transformation forecast through 2050 from the International Renewable Energy Agency (IRENA) and uses data from IRENA and the International Energy Agency (IEA) to provide an overview of the current structure, amount, and sources of renewable energy (RE) investments.  The Current Renewable Energy Investments section of this dashboard analyses total annual financial commitments in renewable energy. The dashboard also contains information on finance flows in certain RE projects, giving insight into the public investments existing trends by donor source, technology, and region.IRENA's Transforming Energy Scenario, which involves rapid changes in energy balance, requires world investments in the energy system equaling more than US$110 trillion by mid-century. This scenario requires that at least 34% of the total needed investments, about $37 trillion, be spent on energy efficiency improvements, and 23%, or $24.9 trillion, on renewable energy development. In contrast, the Planned Energy Scenario from IRENA, with a slightly lower investment amount of US$94 trillion by 2050, envisions the greater part of the investment, $33.1 trillion, or 35%, would be distributed to energy supply, while $28.9 trillion, or 31%, would go to energy efficiency measures and only $12.2 trillion, or 13%, to renewables development.The IEA's data, based on the World Energy Investment Report 2021, shows that currently the largest annual renewable electricity investments are in the Asia Pacific region, with $187 billion invested in 2021, followed by Europe ($75 billion), North America ($63 billion), and Latin America ($23 billion; excludes Mexico).Another IRENA source shows that the largest shares of investments in renewable energy in 2019 were invested by China ($90.1 billion), the United States ($59.0 billion), and Europe ($58.4 billion). Ninety-four percent of the money invested in 2019 was allocated for wind and solar energy development, which received $142.7 and $141 billion, respectively.As for RE finance flows, the main directions of money flow, according to IRENA, are towards hydropower and multiple renewables technologies, as well as toward wind and solar energy projects. The leading countries by finance flows in RE projects are Spain, France, India, Paraguay, and Mexico, with the total sum of finance flows in 2020 varying from $376 to $983 million. See also: Scenarios for Energy Transition up to 2050: IEA and BP Projections

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Renewable Energy Sector Provides Millions of Jobs Worldwide //pt.knoema.com/ywbifkc/renewable-energy-sector-provides-millions-of-jobs-worldwide 2021-09-28T16:29:58Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Renewable Energy Sector Provides Millions of Jobs Worldwide

(25 May 2021) The renewable energy sector directly or indirectly employed nearly 11.5 million people in 2019, reflecting a 4% increase over the previous year, according to data from the International Renewable Energy Agency (IRENA). Renewable energy (RE) employment has risen 34% percent since 2013, adding almost 3 million new jobs to the global economy. The solar photovoltaic (PV), bioenergy, hydropower, and wind power industries have become the biggest employers of the renewable energy sector. China tops the list of the total number of RE jobs per country, leading other major economies by a large margin. Latvia and Denmark are the top countries in terms of RE share in total employment, with renewables representing 3.79% and 1.5% of jobs, respectively, followed by Croatia, Bulgaria, Brazil, Colombia, and Finland.The solar PV industry employed nearly 3.75 million people worldwide as of the end of 2019, the most recent year for which such data is available. Bioenergy provided 3.58 million jobs, of which 2.5 million were in the liquid biofuels subsector. Nearly 1.96 million people were employed in hydropower, and 1.17 million more worked in the wind energy industry.Employment growth was the highest in the solar PV technology industry, which showed a 65% increase from 2013 to 2019 (almost 1.5 million new jobs added). Employment increased significantly during the same period in the solar heating/cooling industry (an increase of 64%), bioenergy (43%), and wind energy (41%). In contrast, hydropower lost nearly 250 thousand jobs, representing an 11% decrease, over the seven-year period.As for geographical distribution, seven of the ten countries with the most renewable energy jobs are Asian. China accounted for 38% of all existing jobs in the RE sector in 2019, which equals more than 4 million workers. Brazil represented 10% of RE jobs, due to its highly developed hydro energy industry that makes up a 64% share of the country's electricity generation. A 7% share of RE jobs were in India, and 6% in the United States.In the US, more than 755 thousand people were employed in the renewable energy sector, compared with 83.8 thousand workers in the fossil fuel generation and transmission sector. According to the US Bureau of Labor Statistics (BLS),  the number of workers employed in fossil fuel and nuclear electricity generation is expected to decline significantly — by 23.3 thousand and 15.6 thousand jobs, respectively — by 2029. At the same time, the BLS estimates that the number of workers directly employed in renewable electricity generation will grow by 2.7 thousand, to a total of 23.2 thousand people employed, by 2029. NOTE: IRENA's estimates include indirect jobs in manufacturing and jobs in the production of biofuels in addition to the direct jobs count, while the US Bureau of Labor Statistics includes only direct jobs in electric power generation.

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Scenarios for Energy Transition up to 2050: IEA and BP Projections //pt.knoema.com/ginagwg/scenarios-for-energy-transition-up-to-2050-iea-and-bp-projections 2021-08-24T11:38:48Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Scenarios for Energy Transition up to 2050: IEA and BP Projections

(16 August 2021) In order to limit the rise in global temperatures to the targets established in the Paris agreement, economies need to significantly reduce their greenhouse gas emissions. The most developed countries, as well as the biggest emitters, are announcing targets designed to achieve carbon neutrality by 2050 and even earlier. Achieving these goals, however, will require significantly restructuring of the energy sector to use carbon-free (renewable and nuclear) energy sources and low-carbon fuels (biofuels, hydrogen). This dashboard presents forecasts from the two leading international agencies, the International Energy Agency (IEA) and BP International, for ongoing changes in energy demand and supply in the coming decades under a variety of scenarios. The IEA presented two forecasts (the Stated Policies Scenario and the Sustainable Development Scenario) in its September 2020 World Energy Outlook, as well as a third forecast in its Net Zero by 2050 Roadmap published in May 2021. The first two scenarios show the potential future shifts in demand dependent on the degree of future changes that occur. The Roadmap forecast, on the other hand, shows the changes that would need to be implemented in order to reach carbon neutrality by the mid 21st century. Scenario details and visualizations can be found below. Some highlights:Under the IEA Stated Policies Scenario (STEPS), the most rapid shift in primary energy demand will occur in Europe and the United States, which expect a decrease of 227 and 187 million metric tons of oil equivalent (Mtoe) in energy demand, respectively, by 2030. Global energy demand in coal, under the STEPS forecast, will drop by 271 Mtoe during the period from 2019 to 2030, while demand for oil and natural gas will grow by 249 and 475 Mtoe, respectively.Under the IEA's Sustainable Development Scenario (SDS), on the other hand, global coal demand would shrink by 1,531 Mtoe by 2030, and oil demand by 562 Mtoe, while natural gas demand would be unchanged. Renewable energy demand, in contrast, would grow by 1,514 Mtoe by the end of the decade.The IEA's "Net Zero by 2050 Roadmap" shows that the share of renewables in the energy supply should reach 66% by 2050 to meet the net-zero emission goal, while in electricity generation the share of renewables should be 88% by 2050. Overall energy demand and supply are expected to decrease due to electrification of transport and improvements in energy efficiency, while electric power generation will increase to 2.6 times the current level. BP International presented three different energy production and consumption scenarios in its 2020 Energy Outlook: Business-As-Usual, Rapid Transition, and Net Zero. Details and visualizations for each scenario can be found below. Highlights:The Business-As-Usual scenario expects that the share of fossil fuels in primary energy demand would decrease to 66.6% by 2050 from the current 84.6%. Energy demand would increase by the middle of the century, reflected in a projected growth in gas consumption of 37%, as well as growth of 492% in renewable energy consumption.In the Rapid Transition scenario, fossil fuels would represent 39.6% of primary energy demand by 2050. Energy demand would rise slightly by 2050; fossil fuels energy consumption would decrease, including natural gas consumption, which would decline after reaching its peak in 2035; renewable energy consumption would rise dramatically, from the current 27.1 exajoules to 277 exajoules at mid-century.Under the Net Zero scenario, the energy demand would also rise slightly by 2050, and fossil fuels would represent 21.7% of primary energy demand. The share of renewables in energy demand could reach 68% by 2050. In India, the share of non-fossil fuels (including nuclear energy) could rise to 76% of total consumption by 2050; the share could rise to 67% in China and to an average of 73% among OECD member states. 

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
A Decade of Change: How Renewables Became Competitive with Fossil Fuels //pt.knoema.com/fmzvyg/a-decade-of-change-how-renewables-became-competitive-with-fossil-fuels 2021-07-30T05:06:04Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
A Decade of Change: How Renewables Became Competitive with Fossil Fuels

(27 July 2021) A decade ago, when renewable technologies were not widespread and were less efficient, the cost of energy from renewable sources, especially solar, was too high to be competitive with fossil fuels. After ten years of development, though, renewable power generation costs have fallen dramatically, driven by steadily improving technologies, economies of scale, and other factors. The cost reduction has been the highest for wind and solar technologies, which are nearing the lower bound of the fossil fuels price range and becoming competitive with traditional fuels.The global weighted-average levelized cost of electricity (LCOE) of solar photovoltaic (PV) power fell by a dramatic 85% between 2010 and 2020, from a value of 0.381 USD/kWh in 2010 to 0.057 USD/kWh in 2020. The LCOE of concentrating solar power (CSP) has decreased by 68% since 2010,  reaching 0.108 USD/kWh — a tremendous 49% year-over-year drop — in 2020. However, despite the sharp reduction, CSP remains the most expensive renewable technology and can't currently compete with fossil fuels. Onshore and offshore wind projects have experienced global weighted-average LCOE declines of 55% and 48%, respectively, since 2010. The cost of onshore wind power decreased from 0.089 USD/kWh to 0.040 USD/kWh, dropping below the lower end of the fossil-fuel cost range, 0.060 USD/kWh. This makes it the cheapest world renewable power technology in 2020, even cheaper than hydropower (LCOE of 0.044 USD/kWh). Onshore and offshore wind experienced a moderate 11% and 9% year-over-year cost reduction, respectively, from 2019 to 2020.The capacity factor of solar, wind, and hydro technologies has also improved during the past decade. The growth in capacity factor since 2010 ranges from 4% for hydropower to 40% for CSP technologies.  

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Liquefied Natural Gas: Multibillion-dollar investments at risk //pt.knoema.com/gmzgsof/liquefied-natural-gas-multibillion-dollar-investments-at-risk 2021-06-27T13:16:37Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Liquefied Natural Gas: Multibillion-dollar investments at risk

Liquefied natural gas (LNG) represents a significant component of the energy consumption of many countries and accounts for about one third of total internationally traded gas. Total global LNG production (liquefaction) nameplate capacity grew to 320 million tonnes per annum (MTPA), or 435 billion cubic meters, by the end of 2015 from 119 MTPA in 2000. The US shale production boom and recovery of global oil prices from 2010 to 2012 after the global financial crisis created an attractive environment for new LNG projects. An enormous 798 MTPA of new production capacity has been proposed globally in new liquefaction facilities (mostly in the US, Canada and Australia). Of that amount, 117 MTPA of capacity are currently under active construction. If implemented, these projects could not only make the US and Canada the largest LNG capacity holders and exporters globally, but also could create thousands of American jobs, lower the US trade deficit, and strengthen the geopolitical position of the US. In the most optimistic scenario, the US could become the world's largest LNG exporter by 2020, with about 200 MTPA of LNG export capacity installed. However, the recent collapse in global oil prices has made crude oil competitive again to natural gas in terms of energy equivalence and put many of proposed LNG projects at risk. As the IEA says: "Due to its capital-intensive nature, LNG industry faces an uphill battle. Those projects currently under construction today are set to come on stream broadly as planned, as large upfront capital costs have already been incurred. Beyond that, however, new LNG plants will struggle to get off the ground. Today LNG prices simply do not cover the capital costs of new plants. Several projects have already been scrapped or postponed, and the number of casualties will rise if prices do not recover. Final investment decisions (FID) taken in the next 24 months will determine the amount of incremental LNG supplies available in the early part of the next decade. If current low prices persist, LNG markets could start to tighten up substantially by 2020." Realistic estimates based on projects that are currently under construction bring down the US LNG export capacity prospects to about 43 MTPA by the end of 2020. That number assumes the shutdown of the 46-year old Kenai LNG plant in Alaska and the successful commissioning of 10 LNG Trains: Sabine Pass LNG (4 trains) and Cameron LNG (3 trains) in Louisiana, 2 trains in Freeport LNG Texas, and the Cove Point expansion project at Chesapeake Bay, Maryland (see the interactive map). Sources: BP Statistical Review of World Energy - 2015 Main Indicators; BP Statistical Review of World Energy - 2015 Bilateral trade; World Bank Commodity Price Data (Pink Sheet); World liquefied natural gas (LNG) landed prices (U. S. FERC); U.S. Natural Gas, November 2015; UK Natural Gas Futures Prices;  IGU World LNG Report, 2015. Global LNG Liquefaction Plants And Receiving Terminals ◖Production and Trade◗      Liquefaction & Regasification Capacity      Natural Gas and LNG Prices

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
US Federal and State Motor Fuel Taxes: State Profiles //pt.knoema.com/btasdfd/us-federal-and-state-motor-fuel-taxes-state-profiles 2021-06-25T13:36:11Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
US Federal and State Motor Fuel Taxes: State Profiles

Across the United States motorists typically purchase most fuels at per gallon rates that are far less than what others pay in Europe and elsewhere. Within the US, however, significant disparities exist in both the total fuel tax per gallon as well as the share that is attributable to state versus federal agencies. In today's Viz of the Day you can shop the country and explore general fuel tax rates in effect as of January 1, 2016. Note: The reported fuel tax rates include, but are not limited to, excise taxes, environmental taxes, special taxes, and inspection fees, exclusive of county and local taxes as well as any state taxes based on gross or net receipts.   

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
BP Energy Outlook to 2050 //pt.knoema.com/aamrysg/bp-energy-outlook-to-2050 2021-06-08T09:06:58Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
BP Energy Outlook to 2050

The BP Energy Outlook evaluates different aspects of the energy transition and highlights key issues and uncertainties of the transition. In all the scenarios considered, world GDP more than doubles by 2040, driven by increasing prosperity in fast-growing developing economies. In the business-as-usual scenario, this improvement in living standards causes energy demand to increase by around a third over the outlook period, driven by India, China, and 'Other Asia,' which together account for two-thirds of the increase. Despite this increase in energy demand, around two-thirds of the world’s population in 2050 still live in countries where average energy consumption per head is relatively low, highlighting the need for more energy. The world continues to electrify, with around three-quarters of the increase in primary energy absorbed by the power sector. Other projections covered by the Energy Outlook to 2050:Renewable energy is the fastest-growing source of energy, contributing half of the growth in global energy supplies and becoming the largest source of power by 2050.Demand for oil and other liquid fuels grows for the first part of the outlook period before gradually plateauing. The increase in liquids production is initially dominated by US tight oil, but OPEC production subsequently increases as US tight oil production declines.Natural gas grows robustly, supported by broad-based demand and the increasing availability of gas, aided by the continuing expansion of liquefied natural gas (LNG).Global coal consumption peaked in 2018 and continues to decrease in the following decades, with the most decline in Asian and North America's countries. Source: BP Energy Outlook 2050, September 2020

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
BP: Natural Gas Prices //pt.knoema.com/xpubaeg/bp-natural-gas-prices 2021-05-26T10:33:42Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
BP: Natural Gas Prices

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Libya Energy Overview //pt.knoema.com/yjndbib/libya-energy-overview 2021-05-14T18:44:45Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Libya Energy Overview

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Coal Price Forecasts: Long Term, 2021 to 2030 | Data and Charts //pt.knoema.com/xfakeuc/coal-price-forecasts-long-term-2021-to-2030-data-and-charts 2021-04-21T18:09:08Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Coal Price Forecasts: Long Term, 2021 to 2030 | Data and Charts

In 2020, coal prices dropped to the lowest level since 2016 as coronavirus lockdowns undermined demand, but the EIA, IMF, and World Bank all expect a rebound in 2021. According to the World Bank, Australian coal prices fell by 24 percent in August, compared with the same period of 2019, reaching a four-year low of $50.14 per tonne. In September and October, prices already began to climb, rebounding by 9 and 7 percent month-on-month, respectively.The IEA reported that the 2020 drop in coal demand was the largest since World War II driven by reduced demand in almost every sector of every region in the world. Electricity sector consumption was acutely affected. Electricity generation from coal in the EU, for example, decreased by 11 percent in August.  Leading international agencies uniformly expect a price rebound in 2021, but estimates vary:The EIA in its latest Short-Term Energy Outlook forecasted that coal prices will increase to $56.7/mt in 2021 from $53.9/mt in 2020.The World Bank October 2020 commodity forecast estimated that the price of coal will increase to $57.8/mt in 2021 from $57.3/mt in 2020, with slow price growth beyond 2021.The IMF October 2020 release of the World Economic Outlook detailed an alternate scenario under which prices could reach $63.5/mt in 2021 and increase still further to 2023 to $73-76/mt.   Price forecasts of other critical commodities: gold | silver | copper | aluminium | nickel | zinc | crude oil | natural gas 

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
From Petroleum to Electricity: Global Vehicle Market Transformation Accelerating //pt.knoema.com/fgwewtd/from-petroleum-to-electricity-global-vehicle-market-transformation-accelerating 2021-02-12T18:20:20Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
From Petroleum to Electricity: Global Vehicle Market Transformation Accelerating

(8 December 2020) Over the last several years industry insiders, investors, urban planners, and environmentalists alike have debated over scenarios for a global transition from 'classic' internal combustion engine (ICE) vehicles to electric vehicles (EVs) and the impact on the automotive industry as well as the global energy balance. Since EVs were then and are still now a relatively new phenomenon, predictions about the path to transport electrification have been met with a healthy dose of skepticism. With the latest data on global EV sales, the days of skepticism have ended.Sales of electric vehicles grew 127 percent year-over-year in October, according to InsideEVs, representing 4.9 percent of global passenger cars sales. In other words, for the month of October one out of every 20 cars sold globally was an electrical vehicle.While global sales of traditional ICE cars are still recovering from the disruptive impact of COVID-19, global EV sales returned to pre-COVID rates as of July. In fact, during the first 10 months of 2020, 2.1 million electric vehicles were sold globally, a 22 percent increase over the same period of 2019. In contrast, ICE vehicle sales are down 18 percent for the same period. 

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
EIA Energy Conference 2017 //pt.knoema.com/xthjfbe/eia-energy-conference-2017 2021-02-11T12:17:14Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
EIA Energy Conference 2017

The 2017 EIA Energy Conference will feature leaders from the coal, petroleum, natural gas, electric, renewable, and nuclear energy sectors. In the conference, the policymakers shaping energy legislation and regulations will speak out as well as company executives developing and transporting energy resources, researchers finding energy solutions, and entrepreneurs pushing the latest energy technologies.The EIA Energy Conference has attendees from all 50 states. Changing technologies, regulations, and suppliers are likely to emerge over the next several years, and many people at this conference will shape those changes and influence energy markets over the next decade. Regulators, executives, and researchers will talk about collaborating across the energy supply chain. Their efforts to modernize and increase efficiency are redefining business processes and operations throughout all energy sectors. The following topics will be discussed at the conference:Gasoline fuel quality: The looming octane shortageRenewable project financing: Current and futureThe energy-water nexus and induced seismicityThe future of U.S. nuclear powerNatural gas infrastructure to serve growing marketsHuman behavior and energy use in buildingsPetroleum exports: Competing in the global marketElectrification in developing countriesCoal—natural gas competition: The current state of play"Big Data" and energy informationEnergy data transparencyGlobal transportation, electric vehicles, and fuel demand Date of Event: 26 - 27 June 2017 Event Holder: The U.S. Energy Information Administration (EIA) Venue: Washington Hilton, Washington, DC

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Seven Big Summits: The Nuclear Security Summit //pt.knoema.com/hcunyb/seven-big-summits-the-nuclear-security-summit 2021-01-25T08:54:54Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Seven Big Summits: The Nuclear Security Summit

Event date: March 31 - April 1 The US Council on Foreign Relation's "Seven Big Summits" calendar kicks off in early spring, when President Obama will welcome world leaders back for the final meeting of what is perhaps his signature foreign policy initiative, the biennial Nuclear Security Summit (NSS). The president launched the NSS to close a glaring gap in the nuclear nonproliferation regime: the presence of loose nukes and fissile material that could fall into the hands of terrorist groups or rogue states. As at the three previous meetings, four dozen countries and several international organizations will announce “gift baskets”—steps they have taken, independently and jointly, to reduce the vulnerability of their nuclear arsenals and facilities. Unfortunately, the NSS series is currently slated to expire when Obama leaves office. To cement his legacy, the president should work with foreign partners to give this ad hoc process a permanent institutional home, perhaps by transferring it (along with additional resources) to the International Atomic Energy Agency. The Nuclear Security Summit | UN General Assembly Special Session on the World Drug Problem | World Humanitarian Summit | Group of Seven Summit | Group of Twenty Summit | Habitat III | Conference of Parties to the UN Framework Convention on Climate Change

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Oil Producer's Profile of Iran //pt.knoema.com/evjglbf/oil-producer-s-profile-of-iran 2020-12-17T22:36:07Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Oil Producer's Profile of Iran

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Oil Producer's Profile //pt.knoema.com/qlsrmac/oil-producer-s-profile 2020-12-17T22:35:57Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Oil Producer's Profile

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Oil Producer's Profile | Iraq //pt.knoema.com/fnqjibg/oil-producer-s-profile-iraq 2020-12-17T22:30:01Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Oil Producer's Profile | Iraq

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Oil Consumer's Profile of Japan //pt.knoema.com/zsqottg/oil-consumer-s-profile-of-japan 2020-12-17T22:22:31Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Oil Consumer's Profile of Japan

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Oil Consumer's Profile of India //pt.knoema.com/bkhnt/oil-consumer-s-profile-of-india 2020-12-17T22:20:57Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Oil Consumer's Profile of India

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Oil Consumer's Profile of China //pt.knoema.com/khiqcxc/oil-consumer-s-profile-of-china 2020-12-17T22:05:03Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Oil Consumer's Profile of China

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
OPEC: World Oil and Gas Reserves //pt.knoema.com/weralob/opec-world-oil-and-gas-reserves 2020-12-17T21:56:21Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
OPEC: World Oil and Gas Reserves

Source: OPEC Annual Statistical Bulletin, 2015

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
The European Power Strategy & Systems Summit //pt.knoema.com/ukkvvf/the-european-power-strategy-systems-summit 2020-12-17T21:49:04Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
The European Power Strategy & Systems Summit

As Europe’s most exclusive strategic forum for the power utility industry, the Power-Europe annually focuses on the challenges and opportunities facing power portfolio management. Examining the interplay between the technological, regulatory and economic trends affecting the development of conventional and renewable power, delegates gain crucial market intelligence regarding how to proceed with the development and management of their assets and power portfolio. At the summit, delegates have the opportunity to hear from the most qualified experts bringing the issues to life using the most recent, high profile and relevant case-studies. Ultimately the 2018 Summit analyses the key factors to enabling the implementation of an effective strategy to steer organizations through the ever-changing regulatory, technological and economic environment. Power-Europe 2018 will address key issues such as: - Generation, distribution and retail market transition & transformation in terms of new technologies, digitisation and market design. - Strategic planning for coal, gas, nuclear and renewable power generation - Moving forward with the EU's single market for electricity - smart power, grids and how new European interconnectors will impact Europe's energy utility sector - Projection of European and world energy demand and how to secure the EU’s energy and fuel supply - Feasibility and management of renewable energy projects and investments during the current economic environment - How to incorporate increasing levels of RES into the European energy market - Developing RES markets (off/nnshore) wind and solar in Europe and in emerging markets such as CEE and Turkey - Risks and entry strategies for established and emerging markets including Northern, Western, Central & Eastern Europe, Turkey, and Russia   Date of Event: 28-30 November 2018 Venue: Radisson Blu | Amsterdam | Netherlands

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Energy Transition in Action: US Stock Market has Chosen the Green Path //pt.knoema.com/xkpcpee/energy-transition-in-action-us-stock-market-has-chosen-the-green-path 2020-12-17T15:08:09Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Energy Transition in Action: US Stock Market has Chosen the Green Path

(2 November 2020) Contrary to reasoned arguments of those who believe that the peak of oil demand is still far ahead even as the likes of bp expect we'll never again return to pre-COVID global oil demand levels, the US stock market has already chosen the green path. For the first time ever, the market value of a primary producer of renewable energy has surpassed that of oil majors. On October 7, 2020, the market value of the world's largest producer of wind and solar energy—Nextera Energy—topped US oil majors Exxon Mobil and Chevron. One day before US election day, the market capitalisation of Nextera Energy amounted to $143 billion, compared to capitalization of $138 billion and $134 billion, respectively, for Exxon and Chevron.The data shows that for the past decade long-term investment in fossil fuels tends toward losses rather than profits. Every dollar invested in fossil fuels assets in the best case preserves its nominal value, while each dollar invested in renewables, such as Nextera, ten years ago today would yield almost six dollars.

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
BP | Oil has Passed Its Peak //pt.knoema.com/ycwdyp/bp-oil-has-passed-its-peak 2020-09-18T19:50:57Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
BP | Oil has Passed Its Peak

(15 September 2020) Reverberations went miles deep yesterday when bp announced in its eagerly anticipated annual outlook that oil demand growth has reached its peak. Pointing to COVID-19, electrification of road transport, the increasing share of renewables, and improvements in energy efficiency, bp said it is unlikely that the world economy will ever again return to pre-coronavirus levels and consume more than 100 million b/d.The 2020 Outlook takes a more pessimistic stance relative to a year ago, shaving 5-8 Mb/d from last year's estimates for 2040.In bp's 'Business as Usual Scenario', oil demand for the next two decades will represent a “broadly horizontal line” at 100 Mb/d. If instead the world moves to a 'Rapid Transition Scenario' global oil demand will decrease by 50 percent in 2050 to 52 Mb/d. Achievement of 'Net Zero Emissions' would drive consumption down by a game changing 70 percent to 30 Mb/d in 2050.According to bp's 10-year strategy released in early August, during the next 10 years bp plans to reduce oil and gas production by 40 percent and investment about $5 billion a year on low carbon initiatives, including construction of one of the world's largest renewable energy facilities.

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Liquefied Natural Gas: Multibillion-dollar investments at risk //pt.knoema.com/mcuutn/liquefied-natural-gas-multibillion-dollar-investments-at-risk 2020-09-09T06:33:46Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Liquefied Natural Gas: Multibillion-dollar investments at risk

Liquefied natural gas (LNG) represents a significant component of the energy consumption of many countries and accounts for about one third of total internationally traded gas. Total global LNG production (liquefaction) nameplate capacity grew to 320 million tonnes per annum (MTPA), or 435 billion cubic meters, by the end of 2015 from 119 MTPA in 2000. The US shale production boom and recovery of global oil prices from 2010 to 2012 after the global financial crisis created an attractive environment for new LNG projects. An enormous 798 MTPA of new production capacity has been proposed globally in new liquefaction facilities (mostly in the US, Canada and Australia). Of that amount, 117 MTPA of capacity are currently under active construction. If implemented, these projects could not only make the US and Canada the largest LNG capacity holders and exporters globally, but also could create thousands of American jobs, lower the US trade deficit, and strengthen the geopolitical position of the US. In the most optimistic scenario, the US could become the world's largest LNG exporter by 2020, with about 200 MTPA of LNG export capacity installed. However, the recent collapse in global oil prices has made crude oil competitive again to natural gas in terms of energy equivalence and put many of proposed LNG projects at risk. As the IEA says: "Due to its capital-intensive nature, LNG industry faces an uphill battle. Those projects currently under construction today are set to come on stream broadly as planned, as large upfront capital costs have already been incurred. Beyond that, however, new LNG plants will struggle to get off the ground. Today LNG prices simply do not cover the capital costs of new plants. Several projects have already been scrapped or postponed, and the number of casualties will rise if prices do not recover. Final investment decisions (FID) taken in the next 24 months will determine the amount of incremental LNG supplies available in the early part of the next decade. If current low prices persist, LNG markets could start to tighten up substantially by 2020." Realistic estimates based on projects that are currently under construction bring down the US LNG export capacity prospects to about 43 MTPA by the end of 2020. That number assumes the shutdown of the 46-year old Kenai LNG plant in Alaska and the successful commissioning of 10 LNG Trains: Sabine Pass LNG (4 trains) and Cameron LNG (3 trains) in Louisiana, 2 trains in Freeport LNG Texas, and the Cove Point expansion project at Chesapeake Bay, Maryland (see the interactive map). Sources: BP Statistical Review of World Energy - 2015 Main Indicators; BP Statistical Review of World Energy - 2015 Bilateral trade; World Bank Commodity Price Data (Pink Sheet); World liquefied natural gas (LNG) landed prices (U. S. FERC); U.S. Natural Gas, November 2015; UK Natural Gas Futures Prices;  IGU World LNG Report, 2015. Global LNG Liquefaction Plants And Receiving Terminals Production and Trade      ◖Liquefaction & Regasification Capacity◗     Natural Gas and LNG Prices

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Will US Sanctions Move the Political Needle in Venezuela? //pt.knoema.com/knpeocb/will-us-sanctions-move-the-political-needle-in-venezuela 2020-05-25T13:35:11Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Will US Sanctions Move the Political Needle in Venezuela?

On January 28, 2019, the US announced sanctions against Venezuela's state-owned oil company, PDVSA, a move to restrict socialist President Nicolas Maduro's flow of oil revenues and strengthen the hand of the opposition—led by Juan Guaidó—to trigger elections in Venezuela. The sanctions against PDVSA (and other government-owned companies) are expected to come into force in April. While companies would be permitted to continue commercial transactions, all payments would be held in a "blocked account" inaccessible by Maduro. The already weakened Venezuelan economy is highly dependent on the petroleum sector and on the US as an import market. Venezuela exports nearly 40 percent of its crude oil production to the US; in November, Venezuela exported to the United States 570 million of the 1.5 million barrels per day it produced. Refiners across the waters in the US will also feel the pain as Venezuelan producers seek alternative buyers for its heavy crude in India, China, and elsewhere, even if at lower prices. An estimated 7 million barrels of Venezuelan oil is currently idling in tankers around the Caribbean with no destination. Maduro and the country's oil producers will not be the only ones affected by the proposed sanctions. The already roused populace that benefits from the social system will see their livelihoods further diminished by the Government's restricted budget. Some are speculating about global economic ripples as well; oil prices fell by more than 2.5 percent following the announcement of sanctions and oversupply represented by those languishing shipments offshore could further imbalance markets in the short-term.

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Rig Counts Growth Declined in April //pt.knoema.com/xxetolc/rig-counts-growth-declined-in-april 2020-05-19T09:47:42Z Nematullah Khan pt.knoema.com://pt.knoema.com/user/1975840
Rig Counts Growth Declined in April

(18th May 2020). The overall US rig count declined to 566 units, 44% YoY, 26% MoM, in April from 771 in March. As the operators abandoned drilling plans amid the historic plunge in oil prices, demand shock due lockdown of the economy and limited storage capacity. The rig count for OPEC countries declined 2.77% YoY compared the decline of 35.33% YoY in Non-OPEC countries in April.

Nematullah Khan pt.knoema.com://pt.knoema.com/user/1975840
Brazil: Commercial Electricity Consumption on the Decline //pt.knoema.com/pyqvhtc/brazil-commercial-electricity-consumption-on-the-decline 2020-05-07T02:34:09Z Nematullah Khan pt.knoema.com://pt.knoema.com/user/1975840
Brazil: Commercial Electricity Consumption on the Decline

(24 April 2020)  Brazil's commercial electricity consumption declined 2.5% MoM and 3.07% YoY in March, a reflection of the slowing economic activity in the country. Residential growth ticked up slightly as households increased time spent at home under the pressures of COVID-19 restrictions.

Nematullah Khan pt.knoema.com://pt.knoema.com/user/1975840
The Consequences of 'Peak Demand' and the Low-Carbon Transition //pt.knoema.com/qswiazc/the-consequences-of-peak-demand-and-the-low-carbon-transition 2020-04-21T12:53:08Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
The Consequences of 'Peak Demand' and the Low-Carbon Transition

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Global Oil Market Imbalance | Overview of countries on either side //pt.knoema.com/bcobhm/global-oil-market-imbalance-overview-of-countries-on-either-side 2020-04-20T20:46:53Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Global Oil Market Imbalance | Overview of countries on either side

Global oil production remains strong even as some leading industry forecasts suggest that global economic conditions will override low global oil prices to constrain oil demand growth this year.Some leading OPEC producers, including Iraq, Kuwait, and Saudi Arabia, are producing at or near record levels, largely offsetting production declines from several OPEC and non-OPEC producers. Many of these OPEC members have relatively low operating costs or are on the upside of years of development to bring online new production and thus may not reduce production in the face of the oil price slump to retain their market shares.In contrast, other major producers, such as Mexico, Nigeria, the United States, and Venezuela, are seeing global oil prices fall below their break-even prices. These producers are working to reign in production costs, manage declining production in major producing fields, and/or expedite rationalization of their domestic industry, spurred by the boom-bust cycle of the market, under investment, and internal regulatory reforms.

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
World Future Energy Summit 2019 //pt.knoema.com/lwsawef/world-future-energy-summit-2019 2020-03-07T08:23:17Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
World Future Energy Summit 2019

The annual World Future Energy Summit (WFES) is the foremost platform dedicated to the innovation and digitalization trends that are key to transformation in the global energy, clean technology, and sustainability. Located in Abu Dhabi, WFES is a business-first exhibition for project developers, distributors, innovators, investors and purchasers from across the globe to come together and discover new solutions to the world’s growing energy challenges. From 14-17 January 2019, WFES will unite future energy and cleantech in one place, attracting a world of specialist speakers, exhibitors, investors, and start-ups across energy, water, eco waste, solar energy, green buildings, mobility.In 2019, WFES Expo will host over 850 exhibiting companies from 40 countries; a high-level Summit; the unique WFES Forums, covering everything from disruptive technologies to future cities; a set of ground-breaking WFES Initiatives; and WFES Hosted Events, where individual growth markets come under the spotlight.

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Natural Gas Production and Exports //pt.knoema.com/zahdejg/natural-gas-production-and-exports 2020-02-18T10:02:16Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Natural Gas Production and Exports

More Energy Statistics ...

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Global Energy Statistics //pt.knoema.com/cxoxwg/global-energy-statistics 2020-02-18T09:39:54Z Vladimir Bougay pt.knoema.com://pt.knoema.com/user/1000080
Global Energy Statistics

The Global Energy Statistics hub provides a collection of databases, charts, and interactive tables covering the most commonly used statistics on energy. All global statistics come from BP and the International Energy Agency. Looking for something else? We welcome your feedback to make this selection more informative and useful. _______________________   You may be interested in other topics: Agriculture | Commodities | Demographics | Economics | Education | Energy | Environment | Exchange Rates | Food Security | Foreign Trade | Healthcare | Land Use | Poverty | Research and Development | Telecommunication | Tourism | Transportation | Water | World Rankings  

Vladimir Bougay pt.knoema.com://pt.knoema.com/user/1000080
BP: Natural Gas Proved Reserves and Reserves-to-production (R/P) Ratios //pt.knoema.com/qxkeyld/bp-natural-gas-proved-reserves-and-reserves-to-production-r-p-ratios 2020-02-18T09:37:20Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
BP: Natural Gas Proved Reserves and Reserves-to-production (R/P) Ratios

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
US Petroleum Imports from OPEC //pt.knoema.com/ldgdsfg/us-petroleum-imports-from-opec 2020-02-18T09:19:05Z Nematullah Khan pt.knoema.com://pt.knoema.com/user/1975840
US Petroleum Imports from OPEC

Nematullah Khan pt.knoema.com://pt.knoema.com/user/1975840
OPEC Crude Oil Prices //pt.knoema.com/pgtzdoc/opec-crude-oil-prices 2019-12-30T17:30:17Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
OPEC Crude Oil Prices

Oil producers market more than 160 unique crude oils today, each varying from light to heavy, with different sulfur levels and other chemical attributes that affect price and market. Only a few individual crudes—particularly Brent and West Texas Intermediate (WTI)—serve as industry benchmarks. The OPEC Reference Basket (ORB) is another common benchmark.The ORB represents a weighted average of prices for the petroleum blends produced by the 14 member states of the Organization of the Petroleum Exporting Countries (OPEC). The members are: Algeria, Angola, Ecuador, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and Venezuela. Commonly referenced crudes in the basket include Nigerian Bonny Light, Basra Light (Iraq), and Arab Light (Saudi Arabia).The basket price moves broadly in line with Brent crude prices but is consistently lower than the Brent price point. During the past 12 years, the average difference between ORB and Brent was $3.3/barrel, ranging from -$2.6 in November 2011 to $11.6 in June 2008. In 2018, the difference started to increase after a sharp decline in 2017.Composed of light and heavy crude oils, the OPEC Basket is on average not as "sweet" (depending on sulfur content) or "light" as Brent and WTI crude oils, which explains some of the price differential. 

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Coal Reserves in 2012 //pt.knoema.com/jgadjld/coal-reserves-in-2012 2019-12-29T12:52:11Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Coal Reserves in 2012

More Energy Statistics ...

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Fuel Ethanol Production in 2012 //pt.knoema.com/zkjpkv/fuel-ethanol-production-in-2012 2019-12-23T11:54:39Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Fuel Ethanol Production in 2012

More Energy Statistics ...

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
US Energy Agency Lowers US Oil Production Estimates for 2019-2020 //pt.knoema.com/rfctkm/us-energy-agency-lowers-us-oil-production-estimates-for-2019-2020 2019-12-21T15:36:18Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
US Energy Agency Lowers US Oil Production Estimates for 2019-2020

In November 2018, the United States exported a historic 2.6 million barrels of crude oil per day to become the world’s fifth largest exporter of crude oil. While the US is on track to maintain this historic volume of production during the next couple of years, the EIA in March tempered its February production growth forecast, issuing a 0.9 percent downward revision for 2019 and 1.3 percent revision for 2020. The current forecast predicts average 12.3 million b/d production this year and 13 million b/d in 2020, while the previous average estimates were 12.41 and 13.2 million b/d, respectively. EIA revised oil production down as the number of active oil rigs in the US is decreasing as many wells are drilling out fast. As of the week ending March 22, the number of oil rigs in the US was 824, which is 64 rigs less than in November.  Market observers track production forecasts closely to glean insights into global inventories and ultimately prices. Below we offer data visualizations to help you learn more about current US energy production and market dynamics.

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
BP Energy Outlook to 2035 //pt.knoema.com/dfdpekf/bp-energy-outlook-to-2035 2019-12-20T14:36:26Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
BP Energy Outlook to 2035

Energy Consumption Outlook | Energy Production Outlook According to the long term projections of global energy markets elaborated by BP - one of the world's leading international oil and gas companies - global energy demand will rise by 41% between 2011 and 2035 but with gradually moderating pace. Moreover, major share (95%) of this growth will be ensured by the developing countries. Among all fuels, natural gas will contribute the most to the global energy demand growth, while demand for oil will continue to dominate in absolute terms. Concerning energy consumers, power generation sector is expected to account for more than a half (57%) of energy consumption growth whereas transport sector would be the slowest growing one, contributing only 13% to the global energy demand growth. That is mostly because of transport is gradually switching to the natural gas, electricity and biofuels, however being still dependent mostly on oil. What for energy supply, here emerging economies will also be the main drivers of growth, but not to such a big extent: United States will make its significant contribution to the global energy production due to rising shale gas and tight oil output. Source: BP Energy Outlook 2035, January 2014

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Offshore Technology Conference 2018 //pt.knoema.com/fwlpumb/offshore-technology-conference-2018 2019-12-02T11:33:45Z Alina Buzanakova pt.knoema.com://pt.knoema.com/user/1293450
Offshore Technology Conference 2018

The Offshore Technology Conference (OTC) is where energy professionals meet to exchange ideas and opinions to advance scientific and technical knowledge for offshore resources and environmental matters. OTC is the largest event in the world for the oil and gas industry featuring more than 2,300 exhibitors, and attendees representing 100 countries. Date of Event: 30 April – 3 May 2018 Venue: NRG Park, Houston, Texas, USA Event Holder: Houston's Reliant Center

Alina Buzanakova pt.knoema.com://pt.knoema.com/user/1293450
Energy Prices and Drilling Activity Statistics //pt.knoema.com/vefgqyd/energy-prices-and-drilling-activity-statistics 2019-12-02T11:28:51Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Energy Prices and Drilling Activity Statistics

The collapse of oil prices in 2014 trickled through to the rotary rigs, forcing a similar downward fall in the number of active oil and gas drilling rigs worldwide as producers acclimated to a new environment in which prices were below the marginal production cost in many oil-producing countries. In several US states the quantity of oil rigs, which strongly increased during the shale boom in 2009-2014, quickly reached historically low levels. As the history shows, the decrease in rig count may last for a long time in case of low oil prices.  During six years from 2008 to 2014 the number of rigs for natural gas production has decreased 5 times (from 1600+ in Sep 2008 to 340 currently, check the graph at the bottom of the page). Sources: Baker Hughes Rotary Rig Count, 2015 , North America Rotary Rig Count (Jan 2000 - Current) , World Bank Commodity Price Data (Pink Sheet), January 2015 , Oil Statistics (Production Costs, Breakeven Price)       For further information about rotary rig stats, please visit The Baker Hughes Rig Count FAQ page

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Seven Big Summits to Watch in 2016 //pt.knoema.com/lwjfxof/seven-big-summits-to-watch-in-2016 2019-11-11T20:46:05Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Seven Big Summits to Watch in 2016

The US Council on Foreign Relations (CFR) recently published the "Seven Big Summits to Watch in 2016." The visualizations that follow use publicly available data to provide context about each event on the CFR list.

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Energy //pt.knoema.com/fffgaab/energy 2019-10-22T18:18:12Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Energy

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
'OPEC-Plus' Cuts Oil Production to Stabilize Prices //pt.knoema.com/sooeuzb/opec-plus-cuts-oil-production-to-stabilize-prices 2019-10-21T08:30:59Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
'OPEC-Plus' Cuts Oil Production to Stabilize Prices

  Global oil prices stabilized in the first decade of December 2019 in response to the 'OPEC-plus' deal to cut oil production by 1.2 million barrels per day between January and June 2019. The price of Brent crude—a global benchmark—rebounded slightly to about $60/barrel after falling from a recent peak of approximately $85/barrel in early October.The world's largest oil producers increased production during the summer and fall in anticipation of potential supply disruptions out of Iran because of the threat posed by US sanctions.As it became apparent that the US sanctions would not lead to the expected decline in Iranian oil exports, market speculation turned to oversupply scenarios, leading prices downward steadily during October and November. Announcement of 'OPEC-plus' deal had short-term effect on market. And on December 17 oil prices went down to their lowest level in over a year pushed by fears of oversupply and slowing global growth.Cut of oil production under 'OPEC-plus' deal starts on January 1, 2019. Now, in week and a half before the New Year US and Russia extract crude oil at record 8 mb/d and 11.4 mb/d respectively.Tightening of monetary by US Federal Reserve, global trade wars and capital outflow from emerging markets create risks of decelerating global economy in 2019.  

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Energy Demand by Fuel Type //pt.knoema.com/lrzhylg/energy-demand-by-fuel-type 2019-09-26T17:48:55Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Energy Demand by Fuel Type

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Chinese Tariffs on US LNG Exports Reshuffling Market Outlook //pt.knoema.com/cvnvwl/chinese-tariffs-on-us-lng-exports-reshuffling-market-outlook 2019-09-23T10:38:01Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Chinese Tariffs on US LNG Exports Reshuffling Market Outlook

The US shale production boom and recovery of global oil prices following the global financial crisis of 2007-2008 created an attractive environment for new LNG projects. But continued investment and the trade routes that emerge from contracts between producers and consumers are subject to change, as we are witnessing now in the context of the increasingly acrimonious trade dynamic between the United States and China.   In August, China floated a 25 percent tariff on LNG imports from the United States in response to the mounting use of tariffs by the US Government against Chinese goods, a measure more politically motivated than economically justified. Market analysts expected immediate short-term effects in energy markets given that contracts to supply China for the winter months had not all closed. Reality seems to be a bit different than expected, however, for a few reasons, including:China announced a lower 10 percent tariff in September, muting the price effects originally anticipated.Market prices have shifted with rising prices in Europe and lower-than-expected prices in Asian markets.Suppliers have also in some cases been able to take advantage of flexible contract terms to replace US LNG with LNG produced outside the US to fill contracts in China, evading the 10 percent tariff.   With prices in flux for major consumer markets, market analysts now must account for a new driver behind the seemingly ever-shifting investment scenarios for new LNG projects. Late last month Australia’s LNG Ltd. suspended a final investment decision expected this year on its Magnolia LNG terminal in Louisiana until the first part of 2019 to allow more time for resolution of the trade tensions between the US and China.In the most optimistic scenario, the US has been expected to become the world's largest LNG exporter by as early as 2020, assuming global oil prices rebound to levels that make LNG competitive as an energy source and trade conflicts are resolved. The International Energy Agency has steadily factored the capital-intensive nature of new LNG plants into its forecasts, a key point that forces multi-year planning to arrive at final investment decisions on plants. Even before this most recent trade spat between the US and China, several projects had been scrapped or postponed since the collapse of global oil prices in 2014, creating tremendous uncertainty with regard to the LNG capacity and supply outlook.While LNG represents a significant component of the energy consumption of many countries and accounts for more than one third of total internationally-traded gas, the potential supply of LNG will likely exceed demand in 2020s, based on planned new liquefaction plants and receiving terminals, further complicating investment decisions.

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
BP: Coal Prices //pt.knoema.com/pjditgg/bp-coal-prices 2019-09-02T19:40:52Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
BP: Coal Prices

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Energy Overview //pt.knoema.com/titogsd/energy-overview 2019-09-02T09:32:39Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Energy Overview

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
National Oil Company Profile //pt.knoema.com/eidpupg/national-oil-company-profile 2019-08-15T13:37:03Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
National Oil Company Profile

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
BP Energy Outlook 2035 //pt.knoema.com/azxrwhd/bp-energy-outlook-2035 2019-08-02T20:12:37Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
BP Energy Outlook 2035

Visitors of this page also viewed: Energy Statistics References  G20 Economic Forecasts: GDP growth  Inflation  Unemployment  Government Debt  Current Account Balance   

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Qatari Liquid Natural Gas (LNG) Trade, A Global Perspective //pt.knoema.com/fxvegmd/qatari-liquid-natural-gas-lng-trade-a-global-perspective 2019-07-26T04:21:43Z Balaji S pt.knoema.com://pt.knoema.com/user/1000220
Qatari Liquid Natural Gas (LNG) Trade, A Global Perspective

Balaji S pt.knoema.com://pt.knoema.com/user/1000220
BP: Oil Regional Consumption by Product Group //pt.knoema.com/dfwinig/bp-oil-regional-consumption-by-product-group 2019-05-06T08:38:49Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
BP: Oil Regional Consumption by Product Group

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
BP: World Energy Consumption //pt.knoema.com/fpdbvs/bp-world-energy-consumption 2019-05-06T08:33:55Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
BP: World Energy Consumption

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
BP: Coal Production and Consumption Worldwide //pt.knoema.com/ecatlyd/bp-coal-production-and-consumption-worldwide 2019-05-06T08:26:32Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
BP: Coal Production and Consumption Worldwide

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
BP: Renewable Energy Consumption //pt.knoema.com/dnutkxf/bp-renewable-energy-consumption 2019-05-06T08:15:20Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
BP: Renewable Energy Consumption

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
BP: Nuclear Energy and Hydroelectricity Consumption //pt.knoema.com/lrlfctc/bp-nuclear-energy-and-hydroelectricity-consumption 2019-05-06T07:54:08Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
BP: Nuclear Energy and Hydroelectricity Consumption

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
BP: Crude Oil Prices //pt.knoema.com/asvvrod/bp-crude-oil-prices 2019-05-06T07:42:45Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
BP: Crude Oil Prices

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
BP: Oil Proved Reserves and Reserves-to-production (R/P) Ratios //pt.knoema.com/dlwbfle/bp-oil-proved-reserves-and-reserves-to-production-r-p-ratios 2019-05-06T07:08:37Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
BP: Oil Proved Reserves and Reserves-to-production (R/P) Ratios

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
BP: Natural Gas Production and Consumption Worldwide //pt.knoema.com/yurmxrb/bp-natural-gas-production-and-consumption-worldwide 2019-05-06T06:49:26Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
BP: Natural Gas Production and Consumption Worldwide

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
BP Statistical Review of World Energy, 2018 //pt.knoema.com/usgdfhg/bp-statistical-review-of-world-energy-2018 2019-05-02T21:03:09Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
BP Statistical Review of World Energy, 2018

Since the 1950s, the BP Statistical Review of World Energy has delivered objective and globally consistent data on world energy markets. The publication has become a widely respected and authoritative publication in the field of energy economics, relied on by media outlets, academia, world governments, and energy companies alike. BP publishes a new edition each June and typically conducts a road show to launch the report in the months preceding the official release.   The 2018 edition highlights significant changes in global energy production and consumption that have had profound implications for global market prices, fuel mix, and carbon dioxide emissions.

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Global Oil Stock Levels in Days of Net Imports //pt.knoema.com/ahvcqac/global-oil-stock-levels-in-days-of-net-imports 2019-04-23T12:52:08Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Global Oil Stock Levels in Days of Net Imports

Crude Oil Price Forecast | Costs of Oil Production by Country The International Energy Agency is a Paris-based autonomous intergovernmental organization established in 1974 in the wake of the 1973 oil crisis. The IEA was initially dedicated to responding to physical disruptions in the supply of oil, as well as serving as an information source on statistics about the international oil market and other energy sectors. IEA member countries (excluding crude oil net exporters) are required to maintain total oil stock levels equivalent to at least 90 days of the previous year's net imports. As the IEA data shows, by the end of 2014 IEA members have significantly surpassed this obligation. The overall oil stocks levels for IEA member countries has exceeded 220 days of net imports, driven mainly by the enormous increase of oil stocks in the United States. For now, each IEA member maintains the stock level above 90-day requirement. The only exception is Australia, which has oil reserves only for 52 days of net imports. Source: IEA Closing Oil Stock Levels in Days of Net Imports For further information about definitions and calculations please visit IEA methodology page.

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Expo 2017: Future Energy //pt.knoema.com/iqsusce/expo-2017-future-energy 2019-04-16T12:44:24Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Expo 2017: Future Energy

Slated to kick off on April 29, the 162-day expo is poised to impress an estimated 16 million visitors from home and abroad with a huge collection of plants, flowers and eye-catching pavilions as well as ideas for green development. More than 110 countries and international organizations, as well as over 120 non-official exhibitors, have confirmed participation, which will make it the highest attendance in the expo's history. A corporate garden at Beijing Expo 2019, the Stone Home Garden perfectly integrates traditional Chinese cultural elements such as the Twelve Zodiac Animals and the Twelve Floral Goddesses, stone culture of China, and modern science and technology, showcasing the residential culture and life philosophy of contemporary Chinese people to the world and conveying people’s pursuit and aspiration for the theme “Live Green, Live Better” with China’s profound stone culture, bonsai art, tea culture and ancient residential architecture. 

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Global Energy at a Glance //pt.knoema.com/ufrrsrg/global-energy-at-a-glance 2019-04-08T20:31:26Z Balaji S pt.knoema.com://pt.knoema.com/user/1000220
Global Energy at a Glance

One of the most important trends of the global energy market in 2016 was significant growth of renewables consumption by almost 15 percent. The largest increase was shown by solar energy. For example, solar cumulative installed PV power was increased by 33 percent during 2016. China is the top country by solar energy consumption in the world. As of 2016, solar energy consumption in China was 66.2 terawatt-hours. The top 5 countries also includes the United States, Japan, Germany, and Italy.   The trends across key energy sectors are as follows:In the oil sector, Russia overtook the United States by the oil production but Saudi Arabia increased its oil production by 3 percent and solidified its position.Coal production decreased by 6.3 percent. This is the largest reduction for minimum 35 years.Consumption of natural gas set a new record reached 3,542.88 billion cubic meters.

Balaji S pt.knoema.com://pt.knoema.com/user/1000220
BP Energy Outlook - 2019 Edition //pt.knoema.com/jnkybxf/bp-energy-outlook-2019-edition 2019-01-29T09:07:48Z Alina Buzanakova pt.knoema.com://pt.knoema.com/user/1293450
BP Energy Outlook - 2019 Edition

The global energy system is facing a dual challenge: to provide significantly more energy while at the same time reducing emissions. The 2019 BP Energy Outlook will consider the future of global energy demand by exploring the forces shaping the energy transition out to 2040. The Energy Outlook explores the forces shaping the global energy transition out to 2040 and the key uncertainties surrounding that transition. It shows how rising prosperity drives an increase in global energy demand and how that demand will be met over the coming decades through a diverse range of supplies including oil, gas, coal, and renewables. Date: February 14, 2019

Alina Buzanakova pt.knoema.com://pt.knoema.com/user/1293450
Oil and Gas IP Summit //pt.knoema.com/jpdgzf/oil-and-gas-ip-summit 2019-01-24T14:05:07Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Oil and Gas IP Summit

Oil & Gas IP 2019 has been put together with the aim of helping to measure innovation in the sector and understand where value lies so that participants might develop strategies to drive their companies through the next twelve to eighteen months. Agenda of the conference includes discussions about world politics influence on oil and gas market, digital and ecological trends.     Date: 26-27 February 2019

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Arctic Frontiers 2019: Smart Arctic //pt.knoema.com/idvhudg/arctic-frontiers-2019-smart-arctic 2019-01-17T12:42:30Z Mikhail Zhukovskii pt.knoema.com://pt.knoema.com/user/1293430
Arctic Frontiers 2019: Smart Arctic

The 13th conference Arctic Frontiers, organized by the theme “Smart Arctic”. The conference has a pan arctic perspective and builds new partnerships across nations, generations and ethnic groups.  Arctic Frontiers provides a forum for dialogue and communication between science, government and industry in the Arctic. In 2019, the Arctic Frontiers plenary program will have five main sessions with the following tentative working titles: State of the Arctic, Blue Growth, Smart Solutions, Bridging the gap and Arctic business prospects. Following the plenary, an abstract driven science program will be organized addressing Plastics in the Ocean, the Future of Governance and Handling Vulnerability in Arctic Ecosystems, State of the Arctic and A Smart Arctic Future. The Arctic Frontiers secretariat is based at FRAM - High North Research Centre for Climate and the Environment, in Tromsø, Norway. In between the annual conferences, the Arctic Frontiers secretariat works together with the partners with all the five pillars that Arctic Frontiers is founded upon; Policy, Business, Science, Arena and Young. Through seminars, open debates, workshops, projects and network meetings both in Norway and abroad, Arctic Frontiers sets the agenda and advocates a responsible knowledge-based growth and development in the Arctic.  Date: 20-25 January 2019

Mikhail Zhukovskii pt.knoema.com://pt.knoema.com/user/1293430
Myanmar Electric Power Conference & Exhibition 2019 //pt.knoema.com/mgzfuxg/myanmar-electric-power-conference-exhibition-2019 2019-01-10T11:30:50Z Mikhail Zhukovskii pt.knoema.com://pt.knoema.com/user/1293430
Myanmar Electric Power Conference & Exhibition 2019

The Myanmar Electric Power Conference & Exhibition 2019 is going to be held in january 18-19, 2019. With the new government taking the lead, Myanmar is embarking on a brand-new journey to prosperity. To realize its ambition, Myanmar is in dire need of power to drive its economic growth. Currently, Myanmar only has about 4.5 G installed power capacity, most of which are from its Hydropower plants and only 33% of its citizens have access to electricity. Topics includes hydropower, lng, gas, solar, wind, coal power plants, T&D etc.

Mikhail Zhukovskii pt.knoema.com://pt.knoema.com/user/1293430
European Gas Conference //pt.knoema.com/sluyiae/european-gas-conference 2018-12-27T12:54:38Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
European Gas Conference

The European Gas Conference is the pioneering conference on developments in the Southern and Eastern Euoropean Gas market. Managing uncertainty in the European supply and demand imbalance, EU-Russia relations, interconnectivity and from regional gas market integration to future gas pricing structures and the role of storage in security of supply, all the critical issues will be tackled. And in a variety of formats that support deals getting done, and partnerships being formed.   The conference located in Vienna and will be held in 28-30 January 2019

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Access to Electricity //pt.knoema.com/uwuubbg/access-to-electricity 2018-12-11T14:04:41Z Nematullah Khan pt.knoema.com://pt.knoema.com/user/1975840
Access to Electricity

Nematullah Khan pt.knoema.com://pt.knoema.com/user/1975840
Energy Mexico Oil Gas Power 2019 Expo & Congress //pt.knoema.com/mzwfpsf/energy-mexico-oil-gas-power-2019-expo-congress 2018-12-06T13:22:52Z Mikhail Zhukovskii pt.knoema.com://pt.knoema.com/user/1293430
Energy Mexico Oil Gas Power 2019 Expo & Congress

The changes in the energy sector have brought benefits such as investment for exploration and production in oil fields, the expansion of infrastructure for the supply of fuels, and investment in new power generation plants, which implies the arrival of capital from different countries around the world and greater competitiveness in the market. The consolidation of the new Mexican energy market involves different technological, logistical, financial and regulatory challenges. The market is in a process of transition; greater competition, price volatility, additional regulation and difficulties in the supply in an environment of political uncertainty. The supply of services, products and financing are fundamental for the proper functioning of the market. Energy Mexico Oil Gas Power 2018 Expo & Congress is a key event for the value chain of the Mexican energy sector. It is a unique space that brings together all sectors of the industry: oil, gas, power and renewables from different approaches such as technology, financing, operational and regulatory, with a B2B approach to networking activities that facilitate the creation of business among the different players of the sector, at a national and global level. For the fourth consecutive year, ENERGY MEXICO is a forum created by entrepreneurs for entrepreneurs, that combines the perspectives of the public and private sectors. The world-class congress will again feature the participation of national and international leaders, who define the energy agenda, giving a perspective of the world market and its repercussions in Mexico. The exhibition floor will have the participation of national and foreign companies that offer the most advanced operational, financial and technological solutions. Likewise, its different networking activities make ENERGY MEXICO the most important energy event in Mexico and Latin America.   Event Holder: Organization of the Petroleum Exporting Countries Date: 29 January - 31 January 2019

Mikhail Zhukovskii pt.knoema.com://pt.knoema.com/user/1293430
Liquefied Natural Gas: Multibillion-dollar investments at risk //pt.knoema.com/eubkrf/liquefied-natural-gas-multibillion-dollar-investments-at-risk 2018-11-16T22:57:01Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Liquefied Natural Gas: Multibillion-dollar investments at risk

Liquefied natural gas (LNG) represents a significant component of the energy consumption of many countries and accounts for about one third of total internationally traded gas. Total global LNG production (liquefaction) nameplate capacity grew to 320 million tonnes per annum (MTPA), or 435 billion cubic meters, by the end of 2015 from 119 MTPA in 2000. The US shale production boom and recovery of global oil prices from 2010 to 2012 after the global financial crisis created an attractive environment for new LNG projects. An enormous 798 MTPA of new production capacity has been proposed globally in new liquefaction facilities (mostly in the US, Canada and Australia). Of that amount, 117 MTPA of capacity are currently under active construction. If implemented, these projects could not only make the US and Canada the largest LNG capacity holders and exporters globally, but also could create thousands of American jobs, lower the US trade deficit, and strengthen the geopolitical position of the US. In the most optimistic scenario, the US could become the world's largest LNG exporter by 2020, with about 200 MTPA of LNG export capacity installed. However, the recent collapse in global oil prices has made crude oil competitive again to natural gas in terms of energy equivalence and put many of proposed LNG projects at risk. As the IEA says: "Due to its capital-intensive nature, LNG industry faces an uphill battle. Those projects currently under construction today are set to come on stream broadly as planned, as large upfront capital costs have already been incurred. Beyond that, however, new LNG plants will struggle to get off the ground. Today LNG prices simply do not cover the capital costs of new plants. Several projects have already been scrapped or postponed, and the number of casualties will rise if prices do not recover. Final investment decisions (FID) taken in the next 24 months will determine the amount of incremental LNG supplies available in the early part of the next decade. If current low prices persist, LNG markets could start to tighten up substantially by 2020." Realistic estimates based on projects that are currently under construction bring down the US LNG export capacity prospects to about 43 MTPA by the end of 2020. That number assumes the shutdown of the 46-year old Kenai LNG plant in Alaska and the successful commissioning of 10 LNG Trains: Sabine Pass LNG (4 trains) and Cameron LNG (3 trains) in Louisiana, 2 trains in Freeport LNG Texas, and the Cove Point expansion project at Chesapeake Bay, Maryland (see the interactive map). Sources: BP Statistical Review of World Energy - 2015 Main Indicators; BP Statistical Review of World Energy - 2015 Bilateral trade; World Bank Commodity Price Data (Pink Sheet); World liquefied natural gas (LNG) landed prices (U. S. FERC); U.S. Natural Gas, November 2015; UK Natural Gas Futures Prices;  IGU World LNG Report, 2015. Global LNG Liquefaction Plants And Receiving Terminals Production and Trade      Liquefaction & Regasification Capacity     ◖Natural Gas and LNG Prices◗

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
23nd International Conference "Oil & Gas Turkmenistan - OGT 2018" //pt.knoema.com/afzmcbc/23nd-international-conference-oil-gas-turkmenistan-ogt-2018 2018-10-31T10:09:51Z Mikhail Zhukovskii pt.knoema.com://pt.knoema.com/user/1293430
23nd International Conference "Oil & Gas Turkmenistan - OGT 2018"

Oil & Gas Turkmenistan will bring together senior government ministers, top-level executives from Turkmenistan's national companies and international business representatives. Advancement of the oil and gas industry is one of the main policy priorities for the country. Sustainable development of Turkmenistan's natural resources, investment in infrastructure and the petrochemical industry are vital to the continued growth of economy. Effective implementation of this policy is closely correlated to regional and international cooperation as well as establishment of mutually-beneficial partnerships between the public and private sectors, and will also facilitate an increase in oil and gas production for the needs of the domestic market as well as open up new avenues for export. The advancement of oil, gas and chemical industry of Turkmenistan requires large-scale capital investment in existing fields and prospective reserves. It is necessary to high light one reserve, Gelkynish, the second largest gas deposit in theworld. According to the latest audit data, Gelkynish contains 26.2 trillion cubic meters of gas, making Turkmenistan one of the world'sleading hydro carbon powers. Viable development of Gelkynish is conditional upon attracting global cutting edge technology and know-how in order to secure the field's significance for the future of Turkmenistan and its people.   Date of Event: 20-21 November 2018 Location: Ashgabat, Turkmenistan 

Mikhail Zhukovskii pt.knoema.com://pt.knoema.com/user/1293430
Global Energy Company Ranking Post 2014 Oil Price Collapse //pt.knoema.com/auyygud/global-energy-company-ranking-post-2014-oil-price-collapse 2018-10-29T11:14:40Z Natalia Schavleva pt.knoema.com://pt.knoema.com/user/2196380
Global Energy Company Ranking Post 2014 Oil Price Collapse

ExxonMobil has yet again taken the top spot in the annual Global Energy Company Ranking by S&P Global Platts. While few were surprised that the assets, revenue, profits, and return on investment capital for the world’s largest public oil and gas producer earned it the 12th consecutive top ranking, the company hot on Exxon’s heels was a surprise: Korea Electric Power Corp (KEPCO). Look no further that oil and gas market fundamentals to understand how KEPCO moved up the ranks. The 2016 edition reflects the oil market's biggest price collapse in nearly three decades and the resulting re-drawing of the lines in the fuels mix and the business fate of energy players based on each company's exposure to the price rout that followed OPEC's defense of its market position. Enter, KEPCO. The South Korean utility company is the only electric utility in the prized upper ranks. The company's rise from 41st place in 2015 was boosted by a mix of lower fuel costs and costs of purchasing electricity as well as a market reward for risk-taking in a new capacity building that includes new baseload nuclear and coal-fired power plants. Oil and gas companies that typically dominate the upper rankings met with varied fates this year. Four Russian companies ranked among the Top 10, more than in other edition. Although still dogged by Western sanctions, Russia's biggest energy companies enjoyed a major balance sheet lift from the sharp slump in the value of the ruble. Gazprom climbed to third overall from 43rd place in 2015, the highest since 2011. In contrast, the drop in global oil prices hit the balance sheets and ranking of many industry giants, such as Shell, Chevron, ConocoPhillips, CNOOC, PetroChina.

Natalia Schavleva pt.knoema.com://pt.knoema.com/user/2196380
Ranking of Global Energy Companies //pt.knoema.com/ufsrgzf/ranking-of-global-energy-companies 2018-10-29T11:08:15Z Nematullah Khan pt.knoema.com://pt.knoema.com/user/1975840
Ranking of Global Energy Companies

Nematullah Khan pt.knoema.com://pt.knoema.com/user/1975840
Renewable Energy //pt.knoema.com/nwootdb/renewable-energy 2018-10-23T22:32:36Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000140
Renewable Energy

(October 2016) - Renewable energy resources have increasingly become mainstream energy soures worldwide, catapulted by new capacity in developing countries. Depending on the source, renewable energy has or is poised to surpass coal to become the world's largest source of electrical power capacity. The International Energy Agency (IEA) in its most recent medium-term renewable market report said that this transition occurred during 2015, while according to the latest energy outlook by the US Energy Information Administration (EIA) the transition will be completed in 2016.The IEA report shows that in 2015 renewables contributed more than half of the growth of installed power capacity globally.New power capacity gains were driven mostly by wind and solar additions, representing 45 and 24 percent of the total renewable capacity increases, respectively.In 2015, China accounted for as much as 41 percent of global wind power additions and about 44 percent of the total renewable power capacity increases around the world.  Better access to financing, improving cost-competitiveness of renewable technologies, energy security and environmental concerns, and growing demand for energy have factored into the transformation to different degrees depending on the country and renewable source.In 2015, investment in renewables climbed to a new record level. In addition, for the sixth consecutive year, renewables outpaced fossil fuels for net investment in power capacity additions.In parallel with growth in markets and investments, 2015 saw continued advances in renewable energy technologies, progress in energy storage development and commercialization, and increased employment in the renewable energy sector.The number of countries with policy targets for renewable energy use has risen from 79 in 2008 to 173 in 2015. Iceland and Norway generate all their electricity using renewable energy already, and many other countries have the set a goal to reach 100% renewable-based energy generation. For example, the government of Denmark aims to switch the country's total energy supply - including electricity, mobility, and heating/cooling - to 100% renewable energy by 2050.

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000140
Wind Power Capacity //pt.knoema.com/logqref/wind-power-capacity 2018-10-23T08:23:02Z Nematullah Khan pt.knoema.com://pt.knoema.com/user/1975840
Wind Power Capacity

Wind energy applications and turbine installations at different scales have increased since the beginning of this century. Increasing demand of energy in the fast growing economy forced to look at alternative sources of renewable energy. As wind energy is an alternative clean energy source compared to the fossil fuels that pollute the atmosphere and exhaustive resources, systems that convert wind energy to electricity have developed rapidly. The energy is one of the economic renewable sources and a valuable supplement to conventional energy sources. The overall capacity of all wind turbines installed worldwide by the end of 2017 reached 539’291 Megawatt and all wind turbines installed by end of 2017 can cover more than 5% of the global electricity demand. China has the highest installed wind capacity with 187730 Megawatts which is equal to 34% of total world capacity in 2017. Out of the leading markets US stands at 2nd whereas India at 4th with 32,879 Megawatts which is just 6% of world capacity.

Nematullah Khan pt.knoema.com://pt.knoema.com/user/1975840
Inter Country Variation of Taxes on Oil in G7 and OECD //pt.knoema.com/roooosg/inter-country-variation-of-taxes-on-oil-in-g7-and-oecd 2018-10-11T16:33:11Z Nematullah Khan pt.knoema.com://pt.knoema.com/user/1975840
Inter Country Variation of Taxes on Oil in G7 and OECD

Nematullah Khan pt.knoema.com://pt.knoema.com/user/1975840
Production and Import Trend of Crude Oil in India //pt.knoema.com/bboftmg/production-and-import-trend-of-crude-oil-in-india 2018-10-09T12:40:45Z Nematullah Khan pt.knoema.com://pt.knoema.com/user/1975840
Production and Import Trend of Crude Oil in India

Impact of Crude oil on Indian Economy: India, the fastest growing economy in the world, was a key beneficiary of falling crude oil prices between 2013 and 2015, though domestic retail price remained more or less flat. India ranks 24th in oil production globally and produces 15% of the crude oil that is consumed domestically, whereas it stands at 3rd position in terms of consumption in the world after US and China. The increasing quantum of imports of crude oil has significant impact on Indian economy, especially when crude oil prices have risen now. The higher crude prices have been adversely affected the twin deficits, fiscal and current account deficits, and have spillover impact on monetary policy, consumption and investment pattern in the economy. Every $10 per barrel rise in the price is estimated to worsen fiscal balance by 0.1% and current account balance by 0.4% of GDP, as per Nomura estimate. With moderate average inflation of 4.17% in 2018 (Source: RBI, Y-o-Y July 2018), future inflation will depend on how the higher global oil prices are passed on to consumers. Though considering general election next year, it is difficult to envisage a significant world market price reflection in retail market prices and thus direct impact on inflation is likely to be moderate. The fall in the country’s crude oil production comes at a time when Indian rupee (INR) has depreciated to around INR 72 per US$ and oil import bill is expected to increase by 20 per cent to $105 billion in 2018-2019 on the back of recent rally in global oil prices.  Current Trend in Crude oil Production and Import: India’s crude oil production has been on downtrend from last six years and fallen to 35.68 million barrel in 2017-18. The fall in the oil production has pushed the country’s import dependence for crude further to 82.8 per cent in 2018 from 75.62 per cent in 2012 (Ministry of Petroleum and Natural Gas, GOI) and dampened the prospects of government’s plan to cut reliance on energy imports by 10 per cent through 2022. The fall in crude oil production coincides with the years in which oil prices slumped. Fall in production can be attributed to lack of investments in the sector during the low oil price period a couple of years ago. Crude oil production has been on a decline in nearly all offshore and onshore blocks, according to data from the Oil Ministry. Government’s role in boosting production: The New Exploration Licensing Policy (NELP) adopted in 1997–98 has done little to strengthen India’s energy security by ramping domestic production and finding new oil reserves. As the oil demand is increasing, country needs to boost domestic production and the current government has taken a step by introducing the Hydrocarbon Exploration and Licensing policy (HELP) in March 2016. The HELP aims to facilitate the oil sector by allowing 100 per cent participation by foreign companies in oil exploration, eliminating oil cess for those who are involved in oil exploration, single license for conventional and non-conventional sources. The government has allowed 100 per cent Foreign Direct Investment (FDI) in many segments of the sector, including natural gas, petroleum products, and refineries, among others. Whereas 49 per cent FDI allowed in petroleum refining by the Public Sector Undertakings (PSU), without any disinvestment or dilution of domestic equity in the existing PSUs under automatic route. Looking at increasing energy demand, India has started looking alternative sources of energy. The Oil ministry has started looking at alternative source of energy such as bio-energy basket (ethanol, biodiesel, bio natural gas etc.) and wind energy. On the other hand GOI has taken several steps to make oil wells functional which have been shut and sick from long time to reduce the dependence on crude oil imports.  Investment in Petroleum and Natural Gas Sector: As per Department of Industrial Policy & Promotion (DIPP), the petroleum and natural gas sector attracted FDI inflow worth of US$ 6,879.69 million between 2000 and 2017, which is 1.87% of total FDI inflows in India during the period.

Nematullah Khan pt.knoema.com://pt.knoema.com/user/1975840
Oil Producer's Profile of United States //pt.knoema.com/apxwlfe/oil-producer-s-profile-of-united-states 2018-09-18T17:23:35Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Oil Producer's Profile of United States

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
OPEC: Crude Oil and Natural Gas Exports and Imports //pt.knoema.com/lhhmfgb/opec-crude-oil-and-natural-gas-exports-and-imports 2018-09-17T21:12:45Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
OPEC: Crude Oil and Natural Gas Exports and Imports

Source: OPEC Annual Statistical Bulletin, 2015

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Solar Energy Review: United States and Global Perspectives //pt.knoema.com/zqsxksf/solar-energy-review-united-states-and-global-perspectives 2018-09-12T16:00:06Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Solar Energy Review: United States and Global Perspectives

Contemporary society has become energy-hungry. At the same time, people realize that fossil fuels are finite and the earth fragile, meaning that the day will come - some say it's long past - when alternative energy sources will be a need, not a luxury. Some favor heavy investment in and widespread accessibility of nature-friendly solar energy, a relatively inexpensive option already and certainly endless in supply. A key issue is storage and transmission to address seasonal variation - during winter months the capacity factor averages 15% lower - and weather patterns. In 2016, the United States ranked third globally in solar energy generation:Last year, solar capacity globally grew by 50 percent thanks to new capacity in the US and China, according to The Guardian. New installed solar photovoltaic capacity surpassed 76 GigaWatts (GW) compared to the previous year 's growth of 50 GW.Solar energy generation and consumption rebounded by over 30 percent from two years before. A report from the US Energy Information Administration (EIA) shows that utility-scale solar installation (both photovoltaic and thermal technologies) has spiked by more than 70 percent per year since 2010.  Since 2016, tariffs on installed solar panels in the US have been falling in all the sectors, especially in the residential, commercial, and utility-scale sectors, according to benchmarks from EIA's National Renewable Energy Laboratory. The downturn in installed prices of photovoltaic panels illustrates the sustained economic competitiveness of solar energy for the industry across all sectors. According to the same EIA report, in 2014, California produced at least 5 percent of the state's electricity from utility-scale solar plants. Utility-scale generators are those with at least one MegaWatt (MW) of capacity. Utility-scale facilities made up almost two-thirds of California's total solar energy generation capacity as of February 2017, pushing Calfornia to the forefront of solar generation in the US. California now generates more than 40 percent of the total solar power of the United States.  

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Worldwide Oil and Gas Rig Count //pt.knoema.com/aqvpnse/worldwide-oil-and-gas-rig-count 2018-09-07T09:03:37Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Worldwide Oil and Gas Rig Count

Precipitated by the steep decline in global oil prices, the non-OPEC* active rig count fell in June to a new multi-year low at roughly 1,600 rigs, a 46 percent decrease since the end of 2014. The severity of the decline in drilling activity varies among countries and producing regions. While the United States and other developed countries have decreased dramatically the number of active rigs throughout the first half of 2015, the total number of active rigs among OPEC members has remained relatively steady with one notable exception: Saudi Arabia. Saudi Arabia's share of total active rigs worldwide reached 6.9 percent in July, more than double the 3.3 percent average share maintained during 2013. A similar pattern is evident for Kuwait. The increase reflects not only competition for market share, but in Saudi Arabia, it is also the result of a multi-year infrastructure build-out and a readiness to advance select fields into new development stages. Saudi's number of active drilling rigs peaked at 157 rigs in April, a 33 percent increase from January 2013. Source: World Rig Count, Monthly OPEC Estimates Dahsboard last updated: August 2018 *The world total excludes China and Former Soviet Union countries.

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
5th Mozambique Gas Summit & Exhibition //pt.knoema.com/jnmquhf/5th-mozambique-gas-summit-exhibition 2018-08-08T11:06:21Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
5th Mozambique Gas Summit & Exhibition

Now in its fifth edition, the Mozambique Gas Summit & Exhibition is recognized as the leading strategic meeting for Mozambique’s Gas industry. Working in partnership with ENH, and with the unrivaled support of MIREME, INP and CMH the event is a unique platform where Government representatives meet with industry stakeholders to drive forward the exciting hydrocarbons sector in the country. The event addresses the entire gas and LNG value chain, starting with a dedicated National Content Day, followed by two days of strategic panel discussions and an international exhibition running alongside it, showcasing services and technologies. In 2018, the event features an increased focus on interactivity with extra panel discussions, brand new Roundtable sessions and the Outstanding Women Forum; bringing delegates more opportunities for dynamic participation and networking with colleagues and Government alike.   Date of Event: 31 October - 2 November 2018 Location: Maputo, Mozambique

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Kazakhstan International "Oil & Gas" Exhibition and Conference //pt.knoema.com/fidvuxb/kazakhstan-international-oil-gas-exhibition-and-conference 2018-08-08T06:26:25Z Mikhail Zhukovskii pt.knoema.com://pt.knoema.com/user/1293430
Kazakhstan International "Oil & Gas" Exhibition and Conference

Kazakhstan International Oil and Gas Conference - KIOGE will be held in a new format. Drawing on their wide international experience in organizing business events, the organizers of KIOGE decided to expand the practical component of the conference, thus allowing the delegates and speakers to discuss pressing issues in more detail. KIOGE Conference is one of the largest events in Kazakhstan’s oil and gas industry and it is officially supported by the Ministry of Energy of the Republic of Kazakhstan, the Local Administration of Almaty, “National Company “KazMunaygas” JSC, the Association of Service Companies of Kazakhstan and is annually attended by the Chamber of Commerce of Kazakhstan and diplomatic missions of participating countries. Date of Event: 26-28 September 2018 Venue: Almaty, Kazakhstan Event Holder: Organization of the Petroleum Exporting Countries

Mikhail Zhukovskii pt.knoema.com://pt.knoema.com/user/1293430
BP: World Reserves of Fossil Fuels //pt.knoema.com/smsfgud/bp-world-reserves-of-fossil-fuels 2018-07-30T10:09:01Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
BP: World Reserves of Fossil Fuels

According to the latest BP Statistical Review of World Energy, total global reserves, by fossil fuel, are now:  Coal - 1,139 billion tonnes Natural Gas - 187 trillion cubic meters Crude Oil - 1,707 billion barrels While these volumes may seem large at a glance, at today's level of extraction and production rates, BP's estimated proved reserves*, by fossil fuel, would be exhausted as follows: Coal - year 2169 Natural Gas - year 2068 Crude Oil - year 2066 BP dutifully acknowledges the abundance of factors that could easily alter these projections, but these factors do not alter the global policy imperitive to support sustainable fossil fuel extraction and development. All we need now is to define "sustainable" against ever changing market, political, and social conditions.  *  Estimated years of extraction-remaining are estimated as the ratio of proved reserves to production per year. Sources: Crude Oil Reservs, Natural Gas Reservs, Coal Reservs, Crude oil prices, Natural Gas prices, Coal prices, Historical Energy Statistics.

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Natural Gas //pt.knoema.com/umgsomc/natural-gas 2018-07-06T08:20:49Z Игорь Смоленцев pt.knoema.com://pt.knoema.com/user/1000330
Natural Gas

Source: US Energy Information Administration

Игорь Смоленцев pt.knoema.com://pt.knoema.com/user/1000330
China's role in consumption of Metallurgical coal //pt.knoema.com/kilcotb/china-s-role-in-consumption-of-metallurgical-coal 2018-07-04T12:38:33Z Nematullah Khan pt.knoema.com://pt.knoema.com/user/1975840
China's role in consumption of Metallurgical coal

The first half of 2018 saw a continuation of the pickup in global economic growth and industrial production which has supported global steel output and thus demand for metallurgical coal. Metallurgical coal is used to produce coke for steel manufacturing and it is a less abundant form of coal. As China is fastest growing economy and highest share of world metallurgical coal importer (24% in 2017) as a result, China is one of the highest world’s metallurgical coal consumer which is contributed increase in worlds consumption of the coal.

Nematullah Khan pt.knoema.com://pt.knoema.com/user/1975840
World Exporters of Crude Oil and Petroleum (JODI OIL) //pt.knoema.com/slkuzcb/world-exporters-of-crude-oil-and-petroleum-jodi-oil 2018-06-20T08:06:44Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
World Exporters of Crude Oil and Petroleum (JODI OIL)

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Powering Africa: Nigeria //pt.knoema.com/sccofvb/powering-africa-nigeria 2018-06-13T09:35:03Z Mikhail Zhukovskii pt.knoema.com://pt.knoema.com/user/1293430
Powering Africa: Nigeria

This October will see the 6th Powering Africa: Nigeria investors summit take place in Abuja, where your commercial objectives are put at the heart of the agenda. We will also analyse the progress Nigeria’s power sector has achieved in the last 12 months. We warmly invite you to join us in October and would like you to let us know how your business has developed in the last year. We will be delighted for you to share your story with other participants too. Date of Event: 4-6 October 2017 Location: Abuja, Nigeria 

Mikhail Zhukovskii pt.knoema.com://pt.knoema.com/user/1293430
Power Generation Russia 2017 //pt.knoema.com/jzmscvd/power-generation-russia-2017 2018-06-13T07:28:48Z Mikhail Zhukovskii pt.knoema.com://pt.knoema.com/user/1293430
Power Generation Russia 2017

Power Generation Russia’s world class exhibition floor features the major players in the Russian and international power industry displaying and demonstrating the latest services and technologies; representing unrivaled networking and business opportunities for attendees and exhibitors alike. Date: 31 October - 1 November 2017, Moscow Event Holder: Vostock Capital  

Mikhail Zhukovskii pt.knoema.com://pt.knoema.com/user/1293430
Asia Clean Energy Forum 2017 //pt.knoema.com/zbeypzf/asia-clean-energy-forum-2017 2018-06-13T06:05:09Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Asia Clean Energy Forum 2017

ADB, USAID, and the Korea Energy Agency will be organizing the twelfth Asia Clean Energy Forum (ACEF) with the aim of sharing best practices in policy, technology, and finance to meet the region's climate and energy security challenges. This 2017, ACEF will continue to promote the exchange of knowledge on clean energy and related issues through targeted and in-depth discussion sessions. This format is designed to allow participants to delve in and out of topics, thereby giving them the opportunity to learn both at a very technical and hands-on level as well as at a more macro level. Objectives:Facilitate knowledge-sharing among clean energy practitioners in Asia;Highlight innovative approaches to packaging and scaling up clean energy initiatives;Take stock of the progress in advancing the clean energy agenda in Asia Date of Event: 5 - 8 June 2017 Event holder: Asian Development Bank (ADB) Venue: Manila, Philipines 

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Energy Consumption by Source //pt.knoema.com/uowxvyd/energy-consumption-by-source 2018-06-09T07:23:54Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Energy Consumption by Source

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Primary Energy Production (Quadrillion Btu) //pt.knoema.com/fxibzrf/primary-energy-production-quadrillion-btu 2018-06-09T07:05:54Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Primary Energy Production (Quadrillion Btu)

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Primary Energy Consumption (Quadrillion Btu) //pt.knoema.com/vlfszye/primary-energy-consumption-quadrillion-btu 2018-06-09T06:33:08Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Primary Energy Consumption (Quadrillion Btu)

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Nuclear Energy Generation Maps //pt.knoema.com/erslrlg/nuclear-energy-generation-maps 2018-06-09T06:28:43Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Nuclear Energy Generation Maps

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Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Electricity Net Generation (Billion KWh) //pt.knoema.com/mmlgzo/electricity-net-generation-billion-kwh 2018-06-09T06:21:53Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Electricity Net Generation (Billion KWh)

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Electricity Net Consumption (Billion KWh) //pt.knoema.com/erfpfcc/electricity-net-consumption-billion-kwh 2018-06-09T06:17:05Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Electricity Net Consumption (Billion KWh)

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Electricity Installed Capacity (Million Kilowatts) //pt.knoema.com/hnulgic/electricity-installed-capacity-million-kilowatts 2018-06-09T06:13:03Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Electricity Installed Capacity (Million Kilowatts)

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Coal Reserves //pt.knoema.com/bpiorse/coal-reserves 2018-06-07T08:12:32Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Coal Reserves

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Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Natural Gas Reserves 1980-2017 //pt.knoema.com/hrfbahe/natural-gas-reserves-1980-2017 2018-06-07T08:05:25Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Natural Gas Reserves 1980-2017

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Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Commodity Passport: Natural Gas in Africa //pt.knoema.com/xvqkbfb/commodity-passport-natural-gas-in-africa 2018-06-07T07:59:34Z Ilona Ambartsumyan pt.knoema.com://pt.knoema.com/user/1000340
Commodity Passport: Natural Gas in Africa

Key Statistics about this commodity Source:US Energy Information Administration

Ilona Ambartsumyan pt.knoema.com://pt.knoema.com/user/1000340
Gasification 2018 //pt.knoema.com/flyqwx/gasification-2018 2018-06-06T11:44:23Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Gasification 2018

ACI’s 7th Annual Gasification Summit, taking place on first quarter of 2018 in Frankfurt, Germany, will comprise two days of formal presentations, interactive roundtable discussions and excellent networking opportunities, providing an ideal setting to convene with your peers to discuss both current operational & future planned gasification plants, end product markets, potential barriers & support policies as well as project economics & finance.   Date: 28 - 29 March 2018 Location: Frankfurt - Germany Event holder: Active Communications International

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Total Primary Energy Production, Consumption, Energy Intensity 1980-2015 //pt.knoema.com/zsokmlb/total-primary-energy-production-consumption-energy-intensity-1980-2015 2018-06-05T12:19:41Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Total Primary Energy Production, Consumption, Energy Intensity 1980-2015

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Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Biofuels Production and Consumption //pt.knoema.com/nhbrxod/biofuels-production-and-consumption 2018-06-05T11:28:44Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Biofuels Production and Consumption

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Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
CO2 Emissions from Energy Consumption 1980-2015 //pt.knoema.com/gxyqneb/co2-emissions-from-energy-consumption-1980-2015 2018-06-05T11:25:41Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
CO2 Emissions from Energy Consumption 1980-2015

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Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Crude Oil and Petroleum Products Import and Export 1980-2016 //pt.knoema.com/bfmrau/crude-oil-and-petroleum-products-import-and-export-1980-2016 2018-06-05T11:22:47Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Crude Oil and Petroleum Products Import and Export 1980-2016

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Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Electricity Consumption, Export & Import 1980-2017 //pt.knoema.com/sqhysj/electricity-consumption-export-import-1980-2017 2018-06-05T11:07:59Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Electricity Consumption, Export & Import 1980-2017

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Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Total Petroleum Consumption 1980-2018 //pt.knoema.com/ovfhfrg/total-petroleum-consumption-1980-2018 2018-06-05T11:05:56Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Total Petroleum Consumption 1980-2018

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Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Coal Production 1980-2016 //pt.knoema.com/aenhcec/coal-production-1980-2016 2018-06-05T11:04:52Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Coal Production 1980-2016

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Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Refinery Output of Petroleum Products 1980-2014 //pt.knoema.com/gppwphf/refinery-output-of-petroleum-products-1980-2014 2018-06-05T08:36:04Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Refinery Output of Petroleum Products 1980-2014

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Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Crude Oil Supply 1980-2017 //pt.knoema.com/quhcqjd/crude-oil-supply-1980-2017 2018-06-05T08:35:30Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Crude Oil Supply 1980-2017

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Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Key Energy Statistics:Natural Gas //pt.knoema.com/xlsnrbf/key-energy-statistics-natural-gas 2018-05-31T13:20:12Z Игорь Смоленцев pt.knoema.com://pt.knoema.com/user/1000330
Key Energy Statistics:Natural Gas

Source: US Energy Information Administration                         More Energy Statistics ...

Игорь Смоленцев pt.knoema.com://pt.knoema.com/user/1000330
Energy Sources - Consumption by Source //pt.knoema.com/utfgwg/energy-sources-consumption-by-source 2018-05-31T12:53:11Z Shravan Bongale pt.knoema.com://pt.knoema.com/user/1000310
Energy Sources - Consumption by Source

Shravan Bongale pt.knoema.com://pt.knoema.com/user/1000310
Africa Renewable Energy Leaders’ Summit //pt.knoema.com/tchmzeg/africa-renewable-energy-leaders-summit 2018-05-31T11:36:59Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Africa Renewable Energy Leaders’ Summit

The sessions scheduled to take place during this two-day Summit will include: the importance of community-centric mini grids in energy access; developing a regulatory framework to drive renewable energy development in East Africa; the African renewable energy initiative: unlocking the potential of Africa’s energy future; attracting capital to develop renewable energy projects; harnessing solar power potential in Sub-Saharan Africa; exploiting the full potential of hydropower prospects in East Africa; wind power, geothermal, biomass and hybrid projects; and energy efficiency and renewables development.     Source: Africa Renewable Energy Leaders’ Summit | SDG Knowledge Hub

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
7th Annual North American Crude Oil Summit //pt.knoema.com/zkyfgfb/7th-annual-north-american-crude-oil-summit 2018-05-31T10:59:31Z Mikhail Zhukovskii pt.knoema.com://pt.knoema.com/user/1293430
7th Annual North American Crude Oil Summit

Platts annual North American Crude Oil Summit is a unique regional agenda covering North America’s growing dominance in the world oil markets. Event organizers invite you to join influential leaders and experts from the North American and global oil community as they discuss key drivers impacting all facets of oil production and product distribution for Canada, US, and Mexico. New for 2018 - Inaugural Mexican Refined Products Seminar Date of Event: 11-12 April 2018 Event Holder: Organization of the Petroleum Exporting Countries Venue: Omni Houston Hotel, Houston, Texas Source: International Energy Data, Monthly Update 

Mikhail Zhukovskii pt.knoema.com://pt.knoema.com/user/1293430
Australia: Oil Stock Levels Pose a Systemic Economic Risk //pt.knoema.com/qtylkmg/australia-oil-stock-levels-pose-a-systemic-economic-risk 2018-05-08T16:27:57Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Australia: Oil Stock Levels Pose a Systemic Economic Risk

Australia is running a continuous and growing deficit in total oil stocks, defying the International Energy Agency's (IEA) mandate on members to maintain 90-days of coverage and perpetuating the country’s vulnerability to swings in global oil markets. Whether global supply imbalances arise from geopolitical discord, OPEC-sanctioned supply adjustments, or other market balance factors, the fact that Australia maintains no strategic reserve and has less than a 50 day supply of oil bodes poorly for the potential cost to the economy in the event of a price spike and potential resulting shortages.Australia is the only non-exempt member of the IEA that fails to maintain the 90-day reserve commitment and is also the only member to have experienced a twofold decline of its oil stocks over the past 10 years. What is the source of the Australia oil stock balance problem, and how can it be remedied? Oil stocks, which consist of primary oil—such as crude oil, natural gas liquids (NGLs)—and refined oil products, are being dragged down by falling levels of crude oil. Crude oil stocks have fallen along with the country’s long-term declining production and lower refining intake, increasing the country’s net oil imports.The most direct route to satisfying the IEA mandate and reducing the systemic risk to the Australian economy and its energy security would be to continue increasing imports of refined oil products. Existing refineries operate at near full capacity and public policy strategies—such as higher fuel efficiency standards—would take too long to implement in the context of aggressive demand for oil from the likes of India as well as continuing conflict throughout the Middle East that is increasing the geopolitical risk premium on global oil prices. Data indicates that Australia has experienced declining stocks of primary oil (crude oil, NGLs, etc) whereas the country's stock of refined products stocks has remained comparatively stable. However, the country has increased its reliance on imported refined oil products by scaling back its domestic oil refining capacity, making it ill-prepared to cope with growing demand for oil products and potential supply shocks. The major exporters of oil products to Australia are South Korea, Singapore, and Japan, which together account for about 70 percent of Australia's total oil products imports.   You may also want to visit our Global Oil Prices Data Insight for up-to-date coverage of key prices globally.

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Cost of Producing a Barrel of Crude Oil by Country //pt.knoema.com/rqaebad/cost-of-producing-a-barrel-of-crude-oil-by-country 2018-05-04T12:46:00Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Cost of Producing a Barrel of Crude Oil by Country

Slump of oil prices does not slow oil production immediately as it does with investment according to historical evidence. On the contrary, it affects future production through decreased investment in exploration and development of new fields. However, in the current conditions when oil price hovered above break-even price (price at which it becomes worthwhile to extract) for several years the response of production to price decrease may come more quickly. Especially, it concerns countries which experience high operating costs of oil production, namely United Kingdom, Brazil, Canada, Australia. In these countries oil price slump will affect production earlier and more intensely than in other locations. See also: Cost of Oil Production by Country

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Energy Efficiency Global Forum (EE Global) 2018 //pt.knoema.com/qhrneed/energy-efficiency-global-forum-ee-global-2018 2018-01-26T06:56:05Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Energy Efficiency Global Forum (EE Global) 2018

In the last decade, EE Global has become the energy efficiency elite’s annual gathering place – the one event where business executives, government leaders, and advocates join together for two days of actionable dialogue and partnership-building. EE Global is a by the invitation-only event that draws 400+ attendees, representing all sectors and disciplines and more than 30 countries.  The EE Global agenda, developed with input from our INTERNATIONAL STEERING COMMITTEE will examine this year’s theme – Energy Efficiency: Innovation, Investment, Impact – over the course of two days, utilizing five session formats: Take 6, Fireside Chats, Executive Dialogues, Intensive Learning Sessions & SpeedGeeking.   Date of Event: 21-22 May 2018 Event holder: Alliance to Save Energy Venue: UN City, Marmorvej 51, 2100 Copenhagen Ø, Denmark

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
6th Asian Nuclear Power Briefing 2018 //pt.knoema.com/obutcwe/6th-asian-nuclear-power-briefing-2018 2018-01-19T14:22:09Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
6th Asian Nuclear Power Briefing 2018

Asia is the main region in the world where electricity generating capacity and specifically nuclear power is growing significantly. From East through to South Asia, there are currently 128 operable nuclear power reactors, 41 under construction and firm plans to build a further 92. 46% of the world’s new capacity up to 2025 will be in Asia with much of this growth in China, Japan, India and Korea. The 6th Asian Nuclear Power Briefing 2018 takes a pragmatic overview of the current global nuclear power scene, particularly in Asia focusing on the road ahead:What are the policies and issues that governments have to face when determining what role nuclear power will play in its energy mix?Funding nuclear power generation investmentsEnergy security and sustainabilityRebuilding public confidence in nuclear power as a safe and sustainable source of energyIdentifying innovative technology for nuclear powerDecommissioning and supply chainCommercialising SMRs Date: 12-13 February 2018 event website

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
International Conference on Renewable Energies for Developing Countries (REDEC 2018) //pt.knoema.com/tewaeb/international-conference-on-renewable-energies-for-developing-countries-redec-2018 2018-01-12T14:26:05Z Mikhail Zhukovskii pt.knoema.com://pt.knoema.com/user/1293430
International Conference on Renewable Energies for Developing Countries (REDEC 2018)

REDEC 2018 is a specific scientific conference that helps in finding innovative and adequate solutions for energy saving and production in developing countries. During the first REDEC 2012, the second REDEC 2014 and the third REDEC 2016 conferences, participants from across the globe have discussed the scientific issues that were presented and subsequently published in IEEE Xplore. Due to the fruitful results, the organization of REDEC 2018 has started with additional types of sessions with new proposed topics giving more chance to a wide profile of participants to present their work in the domain of renewable energy and related research. Date: 1-2 November 2018

Mikhail Zhukovskii pt.knoema.com://pt.knoema.com/user/1293430
Global Petrol Prices //pt.knoema.com/crrchke/global-petrol-prices 2017-12-21T08:05:55Z Balaji S pt.knoema.com://pt.knoema.com/user/1000220
Global Petrol Prices

All world countries have an access to the same petroleum prices as on international markets. However, countries' governments decide to impose different taxes according to their economic policies. As a result, the retail prices of gasoline differ considerably across countries. Explore latest global petrol prices on the charts and a map below and see how low gasoline can cost in producing countries in South America and the Middle East in contrast with the other world. In some cases, like in Venezuela, the government even subsidizes gasoline and therefore people over there pay close to nothing to drive their cars.

Balaji S pt.knoema.com://pt.knoema.com/user/1000220
Industrial Efficiency Conference 2017 //pt.knoema.com/ilkntnd/industrial-efficiency-conference-2017 2017-11-01T12:17:01Z Alina Buzanakova pt.knoema.com://pt.knoema.com/user/1293450
Industrial Efficiency Conference 2017

Save the date for the biennial Industrial Efficiency Conference 2017, presented at no cost to support industry in the transition to a low carbon economy. Date of Event: 14-15 September 2017 Event Holder: The National Cleaner Production Center of South Africa (NCC-SA) Venue: Century City Conference Centre, Cape Town Source of data: International Energy Statistics

Alina Buzanakova pt.knoema.com://pt.knoema.com/user/1293450
North American Oil and Gas Bankruptcies //pt.knoema.com/otsvwed/north-american-oil-and-gas-bankruptcies 2017-10-16T13:51:53Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
North American Oil and Gas Bankruptcies

With the slump in crude oil and natural gas prices dozens of North American oil and gas companies have commenced Chapter 11 bankruptcy. According to the law firm Haynes & Boone, 42 companies in exploration & production (E&P) and 39 companies in middle-market oilfield services have filed for bankruptcy protection during 2015 in the US and Canada. The total amount of aggregate debt involved in filed cases reached $17.2 billion for E&P and $5.3 billion for oilfield services companies. Texas leads North America in both sectors by number of filings, while Delaware has been the venue with most bankruptcy filings by amount of debt, with the largest reported bankruptcies attributed to Samson Resources Co. ($4.3B) in E&P and Vantage Drilling ($2.7B) in oilfield services. As many as one third of American oil-and-gas producers could tip toward bankruptcy and restructuring by mid-2017, according to Wolfe Research (WSJ). While amounts of debt under the threat in oil & gas sector seem small relative to the overall size of the US economy, the rising tide of corporate bankruptcies can create undesirable effects indirectly through the transmission of elevated implied risk premiums across financial markets. US high yield corporate bonds spreads have already risen to the  highest levels in recent years as global oil prices have declined, fueling weakness for domestic and global equities. Sources: North America Oil Patch Bankruptcy Monitor, January 2016; North American Oilfield Services Bankruptcy Tracker, January 2016; Interest Rate-Monthly, January 2016

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Fossil Fuel Reserves //pt.knoema.com/knqzhjb/fossil-fuel-reserves 2017-10-16T13:46:23Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Fossil Fuel Reserves

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Crude Oil Reserves //pt.knoema.com/ppsxhyg/crude-oil-reserves 2017-10-16T13:43:09Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Crude Oil Reserves

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Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
CO2 Emissions by country in 2012 //pt.knoema.com/rtbjuce/co2-emissions-by-country-in-2012 2017-10-16T13:43:04Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
CO2 Emissions by country in 2012

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Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Total Primary Energy Consumption in 2012 //pt.knoema.com/zxbypyf/total-primary-energy-consumption-in-2012 2017-10-16T13:43:03Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Total Primary Energy Consumption in 2012

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Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Wind Energy Consumption in 2012 //pt.knoema.com/eqlsisb/wind-energy-consumption-in-2012 2017-10-16T13:43:03Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Wind Energy Consumption in 2012

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Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Solar Energy Consumption in 2012 //pt.knoema.com/llqzjrb/solar-energy-consumption-in-2012 2017-10-16T13:43:02Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Solar Energy Consumption in 2012

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Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Nuclear Energy Consumption in 2012 //pt.knoema.com/qsjxgyb/nuclear-energy-consumption-in-2012 2017-10-16T13:43:02Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Nuclear Energy Consumption in 2012

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Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Natural Gas Consumption in 2012 //pt.knoema.com/iwuffzb/natural-gas-consumption-in-2012 2017-10-16T13:43:01Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Natural Gas Consumption in 2012

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Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Hydroelectricity Consumption in 2012 //pt.knoema.com/wokrav/hydroelectricity-consumption-in-2012 2017-10-16T13:43:01Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Hydroelectricity Consumption in 2012

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Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Crude Oil Consumption in 2012 //pt.knoema.com/xukjoag/crude-oil-consumption-in-2012 2017-10-16T13:43:00Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Crude Oil Consumption in 2012

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Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Coal Consumption in 2012 //pt.knoema.com/tsgeojb/coal-consumption-in-2012 2017-10-16T13:42:59Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Coal Consumption in 2012

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Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Electricity Generation in 2012 //pt.knoema.com/vscjkfc/electricity-generation-in-2012 2017-10-16T13:42:58Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Electricity Generation in 2012

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Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Natural Gas production in 2012 //pt.knoema.com/tojwcd/natural-gas-production-in-2012 2017-10-16T13:42:58Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Natural Gas production in 2012

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Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Crude Oil production in 2012 //pt.knoema.com/uftgfjd/crude-oil-production-in-2012 2017-10-16T13:42:57Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Crude Oil production in 2012

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Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Coal production in 2012 //pt.knoema.com/pjyslxb/coal-production-in-2012 2017-10-16T13:42:57Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Coal production in 2012

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Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Natural Gas Reserves in 2012 //pt.knoema.com/xdprtzb/natural-gas-reserves-in-2012 2017-10-16T13:42:56Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Natural Gas Reserves in 2012

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Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Crude Oil Reserves in 2012 //pt.knoema.com/okgwpn/crude-oil-reserves-in-2012 2017-10-16T13:42:55Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Crude Oil Reserves in 2012

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Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Statistical Review of World Energy by Indicator //pt.knoema.com/oraibxe/statistical-review-of-world-energy-by-indicator 2017-10-16T13:42:54Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Statistical Review of World Energy by Indicator

 More Energy Statistics ...                                                                                                         Select your indicator in the drop-down window above

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
US Solar Eclipse Review, 2017 //pt.knoema.com/gstgavg/us-solar-eclipse-review-2017 2017-07-14T07:24:24Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
US Solar Eclipse Review, 2017

In 1991 total solar eclipse passed over the United States. In 2017, on 20 August total solar eclipse will cross the US again. This time the US might need to prepare for this year eclipse because solar is an important source of energy for some US areas. In 2017, The US took 3rd place in the World by the Installed solar generating capacity that means strong dependence from the sun, about 26,4 GigaWatts of Solar Energy generated by the US. This Viz illustrates potential consequences of the total solar eclipse on the bulk power system.  In this case, utility operators must be ahead of the game, when a steep drop in solar power will be. As reported by The Arizona Solar Center, because of the eclipse, when the shadow of the moon will darken the skies, it is expected that more than 70 MW a minute will be knocked.The moon's shadow will move from west to east, as NASA data reported the solar eclipse will pass through Central America: from Oregon to South Carolina.And the duration of the total solar eclipse in the cities that lie close to the center of the path will be approximately 1-3 minutes. Peak hours by forecasted energy ending load are from 4 am to 5 am for California, for example. California, Nevada, South Carolina and other states are in the top 10 states with the greatest amount of total system PV nameplate capacities. The chart bellow compares total system solar generator nameplate capacities in the noted states with the forecasted noncoincident peak load of the states. This states will experience maximum obscuration among all US areas. California, North Carolina, Utah and Nevada are expected to generate PV that coincides with their respective forecasted peak load. You can view relevant statistics in the visualizations below. For this 4 states nameplate percent change was calculated as ratio of basecase difference to forecasted peak load multiplied by 100). Utah's percent change will be the most severe, namely 27,9 %, whereas for Texas it is only 1.1%. This is the fact, that in 2014, California produced no fewer than 5 percent of state's electricity from utility-scale solar plants, it is so called generators with at least one MegaWatt (MW) of capacity. Utility-scale facilities are almost two-thirds from total solar energy generation in California in February 2017, At the same time, more than 40% from total US solar energy is generated by California. That's why California is in the risk zone, where the transmission installed nameplate capacity for solar generation is very high, namely 11,444 MegaWatts.    Read also:  BP: Renewable Energy Consumption || Renewable Energy || US Solar Energy Profile   Choose the state:

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
A view on India Electricity Stats //pt.knoema.com/orgqjgd/a-view-on-india-electricity-stats 2017-07-05T12:58:59Z Balaji S pt.knoema.com://pt.knoema.com/user/1000220
A view on India Electricity Stats

Only 2/3 of generated electricity is available for consumption. Where is the remaining 1/3? It is just getting lost in Transmission. Industries are consuming nearly 40% of electricity and domestic consumption is around 24%. For Agriculture, the consumption is 20%.Renewable Energy installaed capacity is only 14485MW in 2009.Source:Central Electricity Authority,Ministry of Power & Central Statistical Organisation.

Balaji S pt.knoema.com://pt.knoema.com/user/1000220
US Electric Generator Inventory (Sample Page CAT) //pt.knoema.com/dtpfkeb/us-electric-generator-inventory-sample-page-cat 2017-05-10T16:32:27Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
US Electric Generator Inventory (Sample Page CAT)

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
International Day of Forests - Forests and Energy //pt.knoema.com/wwnqitb/international-day-of-forests-forests-and-energy 2017-04-13T06:39:05Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
International Day of Forests - Forests and Energy

The theme of International Day of Forests in 2017 will be "Forests and Energy" as decided by the Collaborative Partnership on Forests (pdf). Recently a UNECE/FAO video on the topic of wood energy efficiency was released. In the video efficient heating technologies, combustion, pyrolysis, thermal insulation, wood storage as well as aspects of consumer health and behaviour related to wood use are visualised and explained in an easy to understand manner.   Event Holder: Food and Agriculture Organization of the United Nations Source of data: Global Forest Resources Database, 2015, Forestry / Forestry Trade Flows, 1997 - 2013, World Development Indicators (WDI), July 2016, World Energy Trilemma Index, 2015

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Industrial Efficiency 2016 //pt.knoema.com/zafyvhc/industrial-efficiency-2016 2017-04-13T06:38:55Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Industrial Efficiency 2016

Regardless of the sector, energy efficiency is key to productivity, energy security, job creation and lower carbon intensity. The European Council for an Energy Efficient Economy (ECEEE) and partners will hold its Industrial Efficiency 2016 conference from 12-14 September 2016, in Berlin, Germany. The conference will bring together policy makers, energy managers and other decision makers in energy-using industries, academics and experts in energy efficiency financing. The event offers a mix of formal presentations and informal events, plenaries, solutions workshops as well as networking opportunities.      Event Holder: International Institute for Sustainable Development Source of data: World Development Indicators (WDI), July 2016, World Energy Trilemma Index, 2015

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Population and Energy - Forecasting Data //pt.knoema.com/qjtfxlb/population-and-energy-forecasting-data 2017-02-17T12:26:37Z Anil Kumar TN pt.knoema.com://pt.knoema.com/user/1563900
Population and Energy - Forecasting Data

Humanity is not going to go extinct. They are going to be massive and ever-growing numbers of people in dire need for the foreseeable future. The World is growing at an amazing rate. The operation of our present industrial civilization is wholly dependent on access to a very large amount of energy of various types. If the availability of this energy were to decline significantly it could have serious repercussions for civilization and the human population it supports.

Anil Kumar TN pt.knoema.com://pt.knoema.com/user/1563900