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:
4 December 2013, The Epoch Times
Fatih Birol, chief economist of the International Energy Agency (IEA) reiterated his positive outlook on U.S. energy production in a speech at the Council on Foreign Relations in New York Wednesday. “The United States will be the largest oil producer in the world in 2017, larger than Saudi Arabia. This year’s findings confirm this trend; maybe even in 2015. This is good news,” he said, adding that most of the oil will be shale-based. Shale oil and gas can only be recovered by using advanced technology such as hydraulic fracturing or “fracking.” This is part of a global theme where countries that previously imported energy will become exporters.
3 December 2013, Financial Times
Fatih Birol, the chief economist of the International Energy Agency, and others have recently pointed out that shale gas production in Europe is unlikely to close more than marginally the gap between natural gas prices in the EU and the US (as well as Russia, the Middle East and other major producers).
29 November 2013, Reuters
Europe's energy prices will stay up to three times higher than in the United States for the next 20 years, unless the region can develop domestic supplies and increase efficiency, the International Energy Agency's chief economist 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
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