Large differences in regional energy prices are set to affect industrial competitiveness, influencing investment decisions and company strategies. The extraordinary rise of light tight oil in the United States will play a major role in meeting global demand growth over the next decade, but the Middle East – the only large source of low-cost oil – will remain at the centre of the longer-term oil outlook. India is set to overtake China in the 2020s as the principal source of growth in global energy demand.
Bringing together the latest data and policy developments, the World Energy Outlook 2013 presents up to date, projections of energy trends through to 2035, fuel by fuel, sector by sector, region by region and scenario by scenario. Oil is analysed in-depth: resources, production, demand, refining and international trade. Energy efficiency is treated in much the same way as conventional fuels: Its prospects and contribution are presented in a dedicated chapter. The report examines the outlook for Brazil's energy sector and provides updates on three key areas of critical importance to energy and climate trends: (i) achieving universal energy access; (ii) developments in subsidies to fossil fuels and renewables; and (iii) the impact of energy use on climate change.
World Energy Outlook 2013 - special early reports:
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Thank you to all WEO readers who participated in the online user survey. Your feedback was greatly appreciated. A random draw was held to determine the recipients of five copies of WEO-2014. Congratulations to the winners: Peter Knutzen, Bengt Johansson, Kevin Noone, Henk Reimink and Toshio Sagane!
26 February 2014, Downstream Today
The U.S. shale revolution has helped reshape the global energy market, but Middle Eastern oil will remain vital for meeting future Asian energy demand, Fatih Birol, chief economist for the International Energy Agency (IEA), told attendees Feb. 21 at an event at Rice University in Houston.
13 February 2014, Mother Jones
Europe's hydrocarbons production is in decline," noted Fatih Birol, the chief economist at the International Energy Agency, but "there may be some opportunities…to slow down and perhaps reverse some of these trends"—notably by imitating the "revolution in hydrocarbon production" now under way in the United States.
12 February 2014, The Jordan Times
The IEA’s chief economist told Reuters on the sidelines of the World Economic Forum in Davos that Europe’s high gas prices risk driving away a big share of its energy-intensive industries such as cement and steel unless countries boost shale gas output and trim green subsidies. “These industries are critical for the European economy as they employ over 30 million people and it could have a major knock-on effect on the European Union economy,” the IEA’s Fatih Birol said.
The 2012 edition of the World Energy Outlook was released on 12 November 2012. Drawing on the latest data and policy developments the report presents analytical insights into trends in energy markets and what they mean for energy security, environmental protection and economic development. It sets out updated projections of energy demand, production, trade, investment and carbon-dioxide emissions, broken down by country, fuel and sector, to 2035. Read more about WEO-2012 | Order WEO-2012
The complete WEO-2012 chapter “Measuring progress towards energy for all” has now been published here, together with updated databases, charts and methodology information.
World Energy Outlook 2012 - special early excerpts:
- WEO special report "Iraq Energy Outlook" released on 9 October 2012
- WEO special report "Golden Rules for a Golden Age of Gas" released on 29 May 2012
The IEA Energy Business Council is an executive-level group, with members from a wide variety of companies involved in energy exploration, production and consumption, ranging from commodities companies to automobile manufacturers to wind and solar producers and industry associations. Click here to visit the Energy Business Council website.