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World Energy Outlook

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The IEA co-organised the International Energy Workshop in June 2013. Please click below for details:

World Energy Investment Outlook 2014

RELEASED 3 JUNE 2014Investment Report Cover

Questions about the reliability, affordability and sustainability of our energy future often boil down to questions about investment. But are investors ready to commit capital in a fast-changing energy world? This special report in the World Energy Outlook series takes up this question in a full and comprehensive update of the energy investment picture to 2035 – a first full update since the 2003 World Energy Investment Outlook.

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Press Quotes

28 July 2014, DAWN

Ever since generating bold headlines globally when energy guru, dear friend, Fatih Birol pointed out while presenting the IEA World Energy Outlook 2012 that the US was on its way to overtake Saudi Arabia in crude output, the agency has been attempting to tame expectations. A year later, unveiling the WEO-2013 last November in London, Birol insisted on terming the US shale “a surge, rather than revolution.”

27 July 2014, Saudi Gazette

“I think not only in the United States, but also in Europe, many people believe that after the shale revolution, the importance of the Middle East is diminishing,” Birol told Houston Chronicle earlier this year. “I think this is not only wrong from an economic point of view, but also from a policy point of view. It is misleading.” The result of downplaying the significance of the Middle East could be substantial, he underlined.

18 July 2014, Forbes

Long held tenets of the oil and gas sector are being rewritten, but the Middle East remains central to the wider market, according to Dr Fatih Birol, Chief Economist and Director of Global Energy Economics at the International Energy Agency (IEA).


World Energy Outlook 2014

WEO-2014 cover‌(TO BE RELEASED ON 12 NOVEMBER 2014)

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Table of Contents

The global energy landscape is evolving at a rapid pace, reshaping long-held expectations for our energy future. The 2014 edition of the World Energy Outlook will incorporate all the latest data and developments to produce a comprehensive and authoritative analysis of medium- and longer-term energy trends. It will complement a full set of energy projections with strategic insights into their meaning for energy security, the economy and the environment. Oil, natural gas, coal, renewables and energy efficiency will be covered, along with updates on trends in energy-related CO2 emissions, fossil-fuel and renewable energy subsidies, and universal access to modern energy services. The WEO-2014 will also provide in-depth analysis of some topical energy sector issues:

  • Energy sector investment: The analysis will provide a detailed assessment of current flows and future investment needs along the entire energy value chain, examining the scale of investment required and financing options. The report will also show how barriers to investment vary according to the strength of decarbonisation policies. (WEO Special Report  released 3 June)
  • Africa: This continent-wide focus, paying particular attention to the energy outlook for sub-Saharan Africa, will include data and projections for the entire region as well as for its key energy-producing and consuming countries. Key elements for analysis will be the prospects for improving access to modern energy services and for developing the region’s huge resource potential in a way that contributes not only to regional and global energy balances but also to local economic and social well-being. (WEO Special Report to be released 13 October)
  • Nuclear power: Uncertainties continue to cloud the future for nuclear – government policy, public confidence, financing in liberalised markets, competitiveness versus other sources of generation and the looming retirement of a large fleet of older plants. The study will assess the outlook for nuclear power and its implications.

World Energy Outlook 2013

WEO-2013 cover

Released on 12 November 2013

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. 

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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:

- Special Report Redrawing the energy-climate map released 10 June
- Special Report Southeast Asia Energy Outlook released on 2 October

WEO User Survey

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!

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.

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