Oil

Indian oil market outlook to 2030

The Report looks in-depth at how India’s role on the global oil market may evolve over the period through to 2030. It examines investment plans for the refining and petrochemical industry and how these developments may impact Indian crude and product net trade. The Report looks at energy transition trends …

Trump plans to relax Obama rules for oil companies put in place after BP disaster

The Trump administration is expected to give BP and other big oil companies more power to self-regulate their offshore drilling operations, years after investigators found that lax regulatory oversight was one of the leading culprits behind the BP Deepwater Horizon disaster, the worst environmental catastrophe in US history. The move …

Beyond fossil fuels: Indonesia's fiscal transition

This publication makes a first attempt at an integrated analysis of how Indonesia both taxes and subsidizes production and consumption of oil, gas, coal and electricity (most of which is generated with coal). The paper also explores lessons learned from Indonesia’s reduction of fiscal dependence on fossil fuels.

State of play of upstream investment

The consistency of oil and gas upstream investment with energy transitions is receiving increasing policy and investor attention. This paper provides a comprehensive assessment of the state of play of upstream oil and gas investment. Cyclical developments, primarily the oil price declines unfolding in 2015–2016, appear to have had a …

World energy outlook 2018

The World Energy Outlook (WEO) is the gold standard of long-term energy analysis. The 2018 edition provides updated analysis to show what the latest data, technology trends and policy announcements might mean for the energy sector to 2040. It also outlines an integrated way to meet multiple sustainable development goals: …

Outlook for producer economies: what do changing energy dynamics mean for major oil and gas exporters?

Major oil and gas exporters have weathered many upheavals in recent decades but a renewed commitment to reform and economic diversification will be vital to cope with the changing dynamics of global energy. These include rising production from new sources such as shale, uncertainties over the pace of oil demand …

Indian petroleum and natural gas statistics 2017-18

The Indian Petroleum and Natural Gas Statistics presents updated comprehensive statistics on various aspects of Indian Petroleum and Natural Gas sector. The data on international developments in respect of the key parameters of Petroleum and Natural gas sector have also been captured in the publication. The statistics presented in the …

Key world energy statistics 2018

Key World Energy Statistics (KWES) is the IEA's introduction to energy data and statistics, including energy indicators, energy balances, prices, RDD budgets, CO2 emissions and forecasts. Energy statistics are the foundation of energy policies. IEA Key World Energy Statistics is an introduction to this world of energy statistics, providing top …

Global demand for fossil fuels will peak in 2023, says thinktank

Global demand for fossil fuels will peak in 2023, an influential thinktank has predicted, posing a significant risk to financial markets because trillions of dollars’ worth of oil, coal and gas assets could be left worthless. Explosive growth in wind and solar will combine with action on climate change and …

Scientists trace atmospheric rise in CO2 during deglaciation to deep Pacific Ocean

Long before humans started injecting carbon dioxide into the atmosphere by burning fossil fuels like oil, gas, and coal, the level of atmospheric CO2 rose significantly as the Earth came out of its last ice age. Many scientists have long suspected that the source of that carbon was from the …

At 'America First Energy Conference', solar power is dumb, climate change is fake

Pumping carbon dioxide into the air makes the planet greener; the United Nations puts out fake science about climate change to control the global energy market; and wind and solar energy are simply “dumb”. These are among the messages that flowed from the America First Energy Conference in New Orleans …

Mozambique Finalizes Block 5 Oil Deals with Multinational Firms

MAPUTO - Mozambique's government on Tuesday approved contracts giving exclusive rights to energy companies to act on concessions awarded to them to explore for oil following four years of negotiations and delays that threatened to derail the projects. Cabinet spokeswoman Ana Comoana said the companies could now go ahead with …

Ireland becomes world's first country to divest from fossil fuels

A message to the Irish government to divest from fossil fuels is spelled out in lights in front of the lower house of parliament. A message to the Irish government to divest from fossil fuels is spelled out in lights in front of the lower house of parliament. Photograph: Sasko …

BP Statistical Review of World Energy 2018

The renewed upward march of global carbon emissions is worrying and a big step backwards in the fight against climate change, according to BP. Emissions rose 1.6% in 2017 after flatlining for the previous three years, which the British oil firm said was a reminder the world was not on …

G7 fossil fuel subsidy scorecard: tracking the phase-out of fiscal support and public finance for oil, gas and coal

G7 countries (and others around the world) are in the early stages of an energy transition – including, in some areas, a shift away from the production and consumption of fossil fuels. This transition is being driven by decarbonisation objectives and policies, as well as a sharp reduction in the …

Electric vehicles: the catalyst to further decarbonisation

This report looks exclusively at potential oil demand displacement from electric vehicles (EVs) and finds: EVs alone could cause peak oil demand by the late 2020’s – with annual marginal growth in oil demand (IEA New Policies Scenario) entirely offset by EVs as early as 2027. The size of the …

Not so fast on fracking, UN agency tells developing countries

A new report by UNCTAD, the UN Conference on Trade and Development, describes natural gas as a useful “bridge fuel” for States aiming to move towards more environmentally-friendly renewable power sources. But it has disadvantages too, not least the fact that its main component is methane gas, which has a …

Nigeria: Oil, Gas Reserves to Witness Drastic Reduction Over Climate Change

Abuja — The future of oil and gas across the world is coming under intense pressure following reports by Shell, which plans to empty reserves by over 80 per cent in the next 12 years. The report, hinged on the implications of climate change, came at a time when energy …

Energy statistics 2018

This publication, 25th in the series is an annual publication of CSO and is a continued effort to provide a comprehensive picture of Energy Sector in India. Energy Statistics is an integrated and updated database of reserves, installed capacity, production, consumption, import, export and whole sale prices of different sources …

Extreme' fossil fuel investments have surged under Donald Trump, report reveals

Bank holdings in “extreme” fossil fuels skyrocketed globally to $115bn during Donald Trump’s first year as US president, with holdings in tar sands oil more than doubling, a new report has found. A sharp flight from fossil fuels investments after the Paris agreement was reversed last year with a return …

Global carbon emissions hit record high in 2017

Global energy-related carbon emissions rose to a historic high of 32.5 gigatonnes last year, after three years of being flat, due to higher energy demand and the slowing of energy efficiency improvements, the International Energy Agency (IEA) said. Global energy demand rose by 2.1 percent last year to 14,050 million …

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