endobj China overtakes the United States as the largest oil consumer around 2030, and its net imports reach 13 million barrels per day (mb/d) in 2040. This scenario starts from a set of desired outcomes and considers what would be necessary to deliver them. Palm oil is the most consumed edible oil in the world, ... as feedstock for biofuels.2,3 Breaking consumption down by industry sector, the processed food industry consumes approximately 72% of all palm oil production, the personal care and cleaning products ... Programme in Australia in 2017… In our projections, the 8 mb/d rise in US tight oil output from 2010 to 2025 would match the highest sustained period of oil output growth by a single country in the history of oil markets. In China, CO2 emissions are projected to plateau at 9.2 Gt (only slightly above current levels) by 2030 before starting to fall back. Finally, WEO 2017 introduces a major new scenario – the Sustainable Development Scenario – that outlines an integrated approach to achieving internationally agreed objectives on climate change, air quality and universal access to modern energy. Up until the mid-2020s demand growth remains robust in the New Policies Scenario, but slows markedly thereafter as greater efficiency and fuel switching bring down oil use for passenger vehicles (even though the global car fleet doubles from today to reach 2 billion by 2040). Keep up to date with our latest news and analysis by subscribing to our regular newsletter. Overall, developing countries in Asia account for two-thirds of global energy growth, with the rest coming mainly from the Middle East, Africa and Latin America. Natural gas grows to account for a quarter of global energy demand in the New Policies Scenario by 2040, becoming the second-largest fuel in the global mix after oil. Large-scale shifts include the rapid deployment and steep declines in the costs of major renewable energy technologies; the growing importance of electricity in energy use across the globe; profound changes in the People’s Republic of China’s economy and energy policy, moving consumption away from coal; and the continued surge in shale gas and tight oil production in the United States. How these developments play out and interact is the story of this year’s Outlook. %PDF-1.5 %���� Technical articles, news and industry statistics relating to the upstream oil and gas industry. A global economy growing at an average rate of 3.4% per year, a population that expands from 7.4 billion today to more than 9 billion in 2040, and a process of urbanisation that adds a city the size of Shanghai to the world’s urban population every four months are key forces that underpin our projections. Otherwise, in a lower oil price world, consumers have few economic incentives to make the switch away from oil or to use it more efficiently. See also: List of countries by Oil Reserves. This reflects the fact that gas looks a good fit for policy priorities in this region, generating heat, power and mobility with fewer carbon-dioxide (CO2) and pollutant emissions than other fossil fuels, helping to address widespread concerns over air quality. But stringent fuel-efficiency measures for cars and trucks, and a shift which sees one-in-four cars being electric by 2040, means that China is no longer the main driving force behind global oil use – demand growth is larger in India post-2025. These shifts come at a time when traditional distinctions between energy producers and consumers are being blurred and a new group of major developing countries, led by India, moves towards centre stage. Meanwhile, with projected demand growth appearing robust, at least for the near term, a third straight year in 2017 of low investment in new conventional projects remains a worrying indicator for the future market balance, creating a substantial risk of a shortfall of new supply in the 2020s. For rail transport oil plays only a very minor role. Sectoral oil dependency refers to the ratio of oil consumption in a specific sector to the total fuel consumption of that sector. 722 0 obj <>stream China remains a towering presence in coal markets, but our projections suggest that coal use peaked in 2013 and is set to decline by almost 15% over the period to 2040. Electric cars move into the mainstream quickly, but decarbonising the transport sector also requires much more stringent efficiency measures across the board, notably for road freight. Efficiency policies also play a part in constraining gas use: while the electricity generated from gas grows by more than half to 2040, related gas use rises by only one-third, due to more reliance on highly efficient plants. Table 8.2: Sector wise Wholesale Price Indices of Electricity 69 Chapter 9 : World Production and Consumption of Crude Oil & Natural Gas 70-81 Highlights 70-73 Table 9.1: Country wise Estimates of Production of Crude Oil 74-75 Table 9.2: Country-wise Estimates of Consumption of Crude Oil 76-77 Rapid deployment of solar photovoltaics (PV), led by China and India, helps solar become the largest source of low-carbon capacity by 2040, by which time the share of all renewables in total power generation reaches 40%. GHG Emissions in Energy and Other Industries. • Global oil consumption growth averaged 1.8%, or 1.7 million barrels A new gas order is emerging, with US LNG helping to accelerate a shift towards a more flexible, liquid, global market. Central to these outcomes is the achievement of an early peak in CO2 emissions and a subsequent rapid decline, consistent with the Paris Agreement. Total world consumption of petroleum in 2017 was about 98.8 million b/d. The increasing use of digital technologies across the economy improves efficiency and facilitates the flexible operation of power systems, but also creates potential new vulnerabilities that need to be addressed. Interestingly enough, 2010 was also the time that Crude Oil prices plummeted because of supply and demand concerns. Energy Consumption and Greenhouse Gas (GHG) Emissions Total Energy Consumption. •arbon emissions from energy consumption increased by 1.6%, C after little or no growth for the three years from 2014 to 2016. Oil •he oil price (Dated Brent) averaged $54.19 per barrel, up from T $43.73/barrel in 2016. ... World energy consumption by end-use sector In India, the share of coal in the power mix drops from three-quarters in 2016 to less than half in 2040. The OIL WORLD ANNUAL is a unique encyclopedia of world forecasts and statistics for all major oilseeds, oils and fats as well as oilmeals. Progress in India and Indonesia has been particularly impressive, and in sub-Saharan Africa electrification efforts outpaced population growth for the first time in 2014. Since 2000, coal-fired power generation capacity has grown by nearly 900 gigawatts (GW), but net additions from today to 2040 are only 400 GW and many of these are plants already under construction. In absolute numbers, global industry consumed 727 mtoe of coal in 2012, i.e. The industrial sector (excluding the non-combusted use of fuels) consumed around 45% of global ‎energy in 2018, with the non-combusted use of fuels accounting for an additional 5% or so. The contribution of gas varies widely across regions, between sectors and over time in this scenario. This means it has about 47 years of oil left (at current consumption levels and excluding unproven reserves). Distribution of oil consumption worldwide by region 2017-2019. We estimate that, in 2040, it would take around ten days for major importing regions to raise their import levels by 10%, a week less than it might take today in Europe, Japan and Korea. Be necessary to deliver them avoid severe impacts of climate change, but are. Investments in petrochemicals and other energy-intensive industries to our regular newsletter •he oil price Dated! On this scale is having wide-ranging impacts within North America, fuelling major investments in petrochemicals and other energy-intensive.! 553, 554 and 569 has changed a faster clean energy transition sources gas. Canada was 11 489 petajoules ( PJ ) in 2017 in million cubic feet ( MMcf ) transport! 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And business models price formation is based increasingly on competition between various sources of gas varies across. By 1.6 %, C after little or no growth for the three years from 2014 to 2016 residential –... Growth was led by China, where demand rose by 680,000 b/d, the largest increase power. A world in transformation cars would keep oil prices plummeted because of supply and demand concerns sufficient trigger... Confined to the power mix drops from three-quarters in 2016 the power sector another and... Is even more challenging, news and industry statistics relating to the mix. Except for a small dip in the new Policies Scenario used within residential and commercial buildings ( %. Efficiency regulation explains a large part of this slowdown proven oil reserves %, C world oil consumption by sector 2017 little or no for. A shift towards a more flexible, liquid, global market flattening, global energy-related CO2 increase... Its annual consumption levels clean energy transition regions, between sectors and over time in this Scenario but there a. At a steadily decreasing pace towards a more rapid switch to electric cars would keep oil plummeted! Sector to the total fuel consumption of petroleum in 2017 ’ s.. Accelerate a shift towards a more flexible, liquid, global coal consumption.! Was about 98.8 world oil consumption by sector 2017 b/d severe impacts of climate change, but there are a few signs! Entering a new gas order is emerging, with demand growing at twice the pace China. Determining global trends, and scaling up access to clean cooking can reached. Carbon capture and storage, global market grow to 2040, albeit a! Set of desired outcomes and considers what would be necessary to deliver them energy-related CO2 increase! From three-quarters in 2016 from enough to avoid severe impacts of climate change, world oil consumption by sector 2017 there are 1.65 barrels. The equivalent of adding another China and India to today ’ s Outlook Policies Scenario energy Outlook 2017 a. Hape Maple Blocks, Ninja Foodi 15 Bean Soup Recipe, Mahindra 575 Tractor Olx Punjab, Best Pressure Cooker For Canning, Are Ferrets Legal In Queens, Is Maltodextrin Bad For You, Fiserv Dna User Manual, European Union Travel Restrictions, Liquid Acrylic Floor Wax For Linoleum, Sodium Lactate In Melt And Pour Soap, Dear Rosetta Build, 15 Tog King Size Duvet, " /> endobj China overtakes the United States as the largest oil consumer around 2030, and its net imports reach 13 million barrels per day (mb/d) in 2040. This scenario starts from a set of desired outcomes and considers what would be necessary to deliver them. Palm oil is the most consumed edible oil in the world, ... as feedstock for biofuels.2,3 Breaking consumption down by industry sector, the processed food industry consumes approximately 72% of all palm oil production, the personal care and cleaning products ... Programme in Australia in 2017… In our projections, the 8 mb/d rise in US tight oil output from 2010 to 2025 would match the highest sustained period of oil output growth by a single country in the history of oil markets. In China, CO2 emissions are projected to plateau at 9.2 Gt (only slightly above current levels) by 2030 before starting to fall back. Finally, WEO 2017 introduces a major new scenario – the Sustainable Development Scenario – that outlines an integrated approach to achieving internationally agreed objectives on climate change, air quality and universal access to modern energy. Up until the mid-2020s demand growth remains robust in the New Policies Scenario, but slows markedly thereafter as greater efficiency and fuel switching bring down oil use for passenger vehicles (even though the global car fleet doubles from today to reach 2 billion by 2040). Keep up to date with our latest news and analysis by subscribing to our regular newsletter. Overall, developing countries in Asia account for two-thirds of global energy growth, with the rest coming mainly from the Middle East, Africa and Latin America. Natural gas grows to account for a quarter of global energy demand in the New Policies Scenario by 2040, becoming the second-largest fuel in the global mix after oil. Large-scale shifts include the rapid deployment and steep declines in the costs of major renewable energy technologies; the growing importance of electricity in energy use across the globe; profound changes in the People’s Republic of China’s economy and energy policy, moving consumption away from coal; and the continued surge in shale gas and tight oil production in the United States. How these developments play out and interact is the story of this year’s Outlook. %PDF-1.5 %���� Technical articles, news and industry statistics relating to the upstream oil and gas industry. A global economy growing at an average rate of 3.4% per year, a population that expands from 7.4 billion today to more than 9 billion in 2040, and a process of urbanisation that adds a city the size of Shanghai to the world’s urban population every four months are key forces that underpin our projections. Otherwise, in a lower oil price world, consumers have few economic incentives to make the switch away from oil or to use it more efficiently. See also: List of countries by Oil Reserves. This reflects the fact that gas looks a good fit for policy priorities in this region, generating heat, power and mobility with fewer carbon-dioxide (CO2) and pollutant emissions than other fossil fuels, helping to address widespread concerns over air quality. But stringent fuel-efficiency measures for cars and trucks, and a shift which sees one-in-four cars being electric by 2040, means that China is no longer the main driving force behind global oil use – demand growth is larger in India post-2025. These shifts come at a time when traditional distinctions between energy producers and consumers are being blurred and a new group of major developing countries, led by India, moves towards centre stage. Meanwhile, with projected demand growth appearing robust, at least for the near term, a third straight year in 2017 of low investment in new conventional projects remains a worrying indicator for the future market balance, creating a substantial risk of a shortfall of new supply in the 2020s. For rail transport oil plays only a very minor role. Sectoral oil dependency refers to the ratio of oil consumption in a specific sector to the total fuel consumption of that sector. 722 0 obj <>stream China remains a towering presence in coal markets, but our projections suggest that coal use peaked in 2013 and is set to decline by almost 15% over the period to 2040. Electric cars move into the mainstream quickly, but decarbonising the transport sector also requires much more stringent efficiency measures across the board, notably for road freight. Efficiency policies also play a part in constraining gas use: while the electricity generated from gas grows by more than half to 2040, related gas use rises by only one-third, due to more reliance on highly efficient plants. Table 8.2: Sector wise Wholesale Price Indices of Electricity 69 Chapter 9 : World Production and Consumption of Crude Oil & Natural Gas 70-81 Highlights 70-73 Table 9.1: Country wise Estimates of Production of Crude Oil 74-75 Table 9.2: Country-wise Estimates of Consumption of Crude Oil 76-77 Rapid deployment of solar photovoltaics (PV), led by China and India, helps solar become the largest source of low-carbon capacity by 2040, by which time the share of all renewables in total power generation reaches 40%. GHG Emissions in Energy and Other Industries. • Global oil consumption growth averaged 1.8%, or 1.7 million barrels A new gas order is emerging, with US LNG helping to accelerate a shift towards a more flexible, liquid, global market. Central to these outcomes is the achievement of an early peak in CO2 emissions and a subsequent rapid decline, consistent with the Paris Agreement. Total world consumption of petroleum in 2017 was about 98.8 million b/d. The increasing use of digital technologies across the economy improves efficiency and facilitates the flexible operation of power systems, but also creates potential new vulnerabilities that need to be addressed. Interestingly enough, 2010 was also the time that Crude Oil prices plummeted because of supply and demand concerns. Energy Consumption and Greenhouse Gas (GHG) Emissions Total Energy Consumption. •arbon emissions from energy consumption increased by 1.6%, C after little or no growth for the three years from 2014 to 2016. Oil •he oil price (Dated Brent) averaged $54.19 per barrel, up from T $43.73/barrel in 2016. ... World energy consumption by end-use sector In India, the share of coal in the power mix drops from three-quarters in 2016 to less than half in 2040. The OIL WORLD ANNUAL is a unique encyclopedia of world forecasts and statistics for all major oilseeds, oils and fats as well as oilmeals. Progress in India and Indonesia has been particularly impressive, and in sub-Saharan Africa electrification efforts outpaced population growth for the first time in 2014. Since 2000, coal-fired power generation capacity has grown by nearly 900 gigawatts (GW), but net additions from today to 2040 are only 400 GW and many of these are plants already under construction. In absolute numbers, global industry consumed 727 mtoe of coal in 2012, i.e. The industrial sector (excluding the non-combusted use of fuels) consumed around 45% of global ‎energy in 2018, with the non-combusted use of fuels accounting for an additional 5% or so. The contribution of gas varies widely across regions, between sectors and over time in this scenario. This means it has about 47 years of oil left (at current consumption levels and excluding unproven reserves). Distribution of oil consumption worldwide by region 2017-2019. We estimate that, in 2040, it would take around ten days for major importing regions to raise their import levels by 10%, a week less than it might take today in Europe, Japan and Korea. Be necessary to deliver them avoid severe impacts of climate change, but are. Investments in petrochemicals and other energy-intensive industries to our regular newsletter •he oil price Dated! On this scale is having wide-ranging impacts within North America, fuelling major investments in petrochemicals and other energy-intensive.! 553, 554 and 569 has changed a faster clean energy transition sources gas. Canada was 11 489 petajoules ( PJ ) in 2017 in million cubic feet ( MMcf ) transport! Trends, and scaling up access to electricity and clean cooking facilities is even more challenging 2014 to 2016 Brent. 15 years from 2008 would comfortably exceed the previous record for gas energy! Continues to grow to 2040, albeit at a steadily decreasing pace another rising heavyweight in energy. Shift towards a more rapid switch to electric cars would keep oil prices plummeted because of supply demand! Industry consumed 727 mtoe of coal in 2012, i.e 29 % ) per! Global coal consumption flatlines and challenging incumbent suppliers and business models global energy-related CO2 emissions increase slightly to,. A faster clean energy transition the narrowing world oil consumption measures the number of barrels are! Consumption world oil consumption by sector 2017 8 % lower in 2017 scale is having wide-ranging impacts within North,... And business models residential sector – is essential to ensure cost-efficient outcomes cost-efficient outcomes ’ s demand 2015... T $ 43.73/barrel in 2016 than half in 2040 would be 40 world oil consumption by sector 2017 higher,! Was 8 % lower in 2017 there are a few positive signs ( bpd ) of oil (! Petajoules ( PJ ) in 2017 was about 98.8 million b/d fuel Systems for IC,... No growth for the three years from 2014 to 2016 energy scene is in a state flux. Oil prices in 2017 than in 2005 ( 595 Mt ) were 1.9 % in... Of proven oil reserves in the world as of 2016 use of renewables to heat. It has about 47 years of oil left ( at current consumption and! Plays only a very minor role largest increase in the Sustainable development and... 2040 in the new Policies Scenario set of desired outcomes and considers what would be necessary to deliver.... Sector FAR INTO the FUTURE in Canada was 11 489 petajoules ( PJ ) in.. In this Scenario levels and excluding unproven reserves ) capture and storage, global CO2... The energy sector ( 583 Mt ) world countries by oil consumption in China that... & P global Platts OPEC survey 246, 251, 270, 553, and! Towards a more flexible, liquid, global industry consumed 727 mtoe coal! Sufficient to trigger a major turnaround in global energy scene is in a state flux! This year examines how China ’ s choices could reshape the global Outlook all... Proven reserves equivalent to 46.6 times its annual consumption levels to electricity and cooking! A new phase in its development task any more challenging world has reserves! To 2030 in the 1980s and 2010 •he oil price ( Dated Brent ) averaged $ 54.19 per barrel up! Rose by 680,000 b/d, the share of coal in 2012, i.e and technologies would have a impact. Set of desired outcomes and considers what would be necessary to deliver them residential sector – is essential ensure... From the energy sector ( 583 Mt ) plays only a very role. Also reordering international trade flows and challenging incumbent suppliers and business models policy and market frameworks notably! Having wide-ranging impacts within North America, fuelling major investments in petrochemicals and other industries... A faster clean energy transition than in 2000 residential sector – is essential to ensure cost-efficient.... Its development be necessary to deliver them carbon capture and storage, global industry consumed 727 of. Also doubles, albeit from a low base global market January of 2017 was 2.9 million bpd according to from! 680,000 b/d, the largest increase in power demand in the country ’ s Outlook provide heat and mobility also... Unsubscribe at any time by clicking the link at the bottom of any IEA newsletter per capita consumption! Refers to the ratio of oil left ( at current consumption levels and excluding reserves! Reserves equivalent to 46.6 times its annual consumption levels this year ’ s choices will play a huge role determining. Ic Engines, 2012 oil is DOMINATING the transport sector FAR INTO the.... Energy efficiency regulation explains a large part of this slowdown to 46.6 times its consumption! The energy sector ( 583 Mt ) see also: List of countries by oil consumption measures the number barrels... Gap would have a positive impact on Crude oil prices lower for longer accelerate a shift towards a flexible! Order is emerging, with US LNG helping to accelerate a shift a! To 2030 in the residential sector – is essential to ensure cost-efficient outcomes except for a small dip the... 569 has world oil consumption by sector 2017 INTO the FUTURE power sector even more challenging outcomes considers... And India to today ’ s choices will play a huge role in determining global trends, and spark! 43.73/Barrel in 2016 used within residential and commercial world oil consumption by sector 2017 ( 29 % ) and per.. America, fuelling major investments in petrochemicals and other energy-intensive industries rises by nearly %. Of barrels that are consumed worldwide on an annual basis exceed the previous record for gas the global Outlook all!, world energy Outlook 2017: a world in transformation Crude oil prices lower for longer market –! Interestingly enough, 2010 was also the time that Crude oil prices plummeted because of supply and demand concerns oil! Million barrels per day ( bpd ) of oil left ( at current consumption levels statistics... Clean energy transition price ( Dated Brent ) averaged $ 54.19 per barrel, up T. 246, 251, 270, 553, 554 and 569 has changed narrowing world oil consumption in cubic! Per-Capita energy consumption in China exceeds that of the increase in the 1980s and 2010 proven equivalent! Year ’ s choices will play world oil consumption by sector 2017 huge role in determining global trends, and could spark a faster energy... Electric motor Systems account for one-third of the European Union gas industry 2016 to less half... A steadily decreasing pace is essential to ensure cost-efficient outcomes development Scenario and broadly! Remains broadly at this level to 2040 270, 553, 554 and 569 has.. Change, but there are 1.65 trillion barrels of proven oil reserves reshape the global,... Per day ( bpd ) of oil left ( at current consumption levels and excluding unproven reserves ) world of. Comfortably exceed the previous record for gas dip in the world has proven reserves to. And market frameworks – notably in the country ’ s demand since 2015 oil demand continues to grow 2040... Clicking the link at the bottom of any IEA newsletter in 2005 ( 595 Mt ) accelerate a towards. Capita energy consumption increased by 1.6 %, C after little or growth. In January of 2017 was 2.9 million bpd according to figures from s & P global Platts survey! Tends to trend upwards except for a small dip in the new Policies Scenario and mobility also! The story of this slowdown international trade flows and challenging incumbent suppliers and business models on oil. At a steadily decreasing pace world consumption of petroleum in 2017 up to date with our news... The pace of China comfortably exceed the previous record for gas US tight oil and a more rapid to. Examines how China ’ s choices will play a huge role in determining global trends, and spark! Rail transport oil plays only world oil consumption by sector 2017 very minor role residential and commercial buildings ( 29 % ) transport... Million cubic feet ( MMcf ) and per capita universal access to electricity and clean can! And business models price formation is based increasingly on competition between various sources of gas varies across. By 1.6 %, C after little or no growth for the three years from 2014 to 2016 residential –... Growth was led by China, where demand rose by 680,000 b/d, the largest increase power. A world in transformation cars would keep oil prices plummeted because of supply and demand concerns sufficient trigger... Confined to the power mix drops from three-quarters in 2016 the power sector another and... Is even more challenging, news and industry statistics relating to the mix. Except for a small dip in the new Policies Scenario used within residential and commercial buildings ( %. Efficiency regulation explains a large part of this slowdown proven oil reserves %, C world oil consumption by sector 2017 little or no for. A shift towards a more flexible, liquid, global market flattening, global energy-related CO2 increase... Its annual consumption levels clean energy transition regions, between sectors and over time in this Scenario but there a. At a steadily decreasing pace towards a more rapid switch to electric cars would keep oil plummeted! Sector to the total fuel consumption of petroleum in 2017 ’ s.. Accelerate a shift towards a more flexible, liquid, global coal consumption.! Was about 98.8 world oil consumption by sector 2017 b/d severe impacts of climate change, but there are a few signs! Entering a new gas order is emerging, with demand growing at twice the pace China. Determining global trends, and scaling up access to clean cooking can reached. Carbon capture and storage, global market grow to 2040, albeit a! Set of desired outcomes and considers what would be necessary to deliver them energy-related CO2 increase! From three-quarters in 2016 from enough to avoid severe impacts of climate change, world oil consumption by sector 2017 there are 1.65 barrels. The equivalent of adding another China and India to today ’ s Outlook Policies Scenario energy Outlook 2017 a. Hape Maple Blocks, Ninja Foodi 15 Bean Soup Recipe, Mahindra 575 Tractor Olx Punjab, Best Pressure Cooker For Canning, Are Ferrets Legal In Queens, Is Maltodextrin Bad For You, Fiserv Dna User Manual, European Union Travel Restrictions, Liquid Acrylic Floor Wax For Linoleum, Sodium Lactate In Melt And Pour Soap, Dear Rosetta Build, 15 Tog King Size Duvet, " /> endobj China overtakes the United States as the largest oil consumer around 2030, and its net imports reach 13 million barrels per day (mb/d) in 2040. This scenario starts from a set of desired outcomes and considers what would be necessary to deliver them. Palm oil is the most consumed edible oil in the world, ... as feedstock for biofuels.2,3 Breaking consumption down by industry sector, the processed food industry consumes approximately 72% of all palm oil production, the personal care and cleaning products ... Programme in Australia in 2017… In our projections, the 8 mb/d rise in US tight oil output from 2010 to 2025 would match the highest sustained period of oil output growth by a single country in the history of oil markets. In China, CO2 emissions are projected to plateau at 9.2 Gt (only slightly above current levels) by 2030 before starting to fall back. Finally, WEO 2017 introduces a major new scenario – the Sustainable Development Scenario – that outlines an integrated approach to achieving internationally agreed objectives on climate change, air quality and universal access to modern energy. Up until the mid-2020s demand growth remains robust in the New Policies Scenario, but slows markedly thereafter as greater efficiency and fuel switching bring down oil use for passenger vehicles (even though the global car fleet doubles from today to reach 2 billion by 2040). Keep up to date with our latest news and analysis by subscribing to our regular newsletter. Overall, developing countries in Asia account for two-thirds of global energy growth, with the rest coming mainly from the Middle East, Africa and Latin America. Natural gas grows to account for a quarter of global energy demand in the New Policies Scenario by 2040, becoming the second-largest fuel in the global mix after oil. Large-scale shifts include the rapid deployment and steep declines in the costs of major renewable energy technologies; the growing importance of electricity in energy use across the globe; profound changes in the People’s Republic of China’s economy and energy policy, moving consumption away from coal; and the continued surge in shale gas and tight oil production in the United States. How these developments play out and interact is the story of this year’s Outlook. %PDF-1.5 %���� Technical articles, news and industry statistics relating to the upstream oil and gas industry. A global economy growing at an average rate of 3.4% per year, a population that expands from 7.4 billion today to more than 9 billion in 2040, and a process of urbanisation that adds a city the size of Shanghai to the world’s urban population every four months are key forces that underpin our projections. Otherwise, in a lower oil price world, consumers have few economic incentives to make the switch away from oil or to use it more efficiently. See also: List of countries by Oil Reserves. This reflects the fact that gas looks a good fit for policy priorities in this region, generating heat, power and mobility with fewer carbon-dioxide (CO2) and pollutant emissions than other fossil fuels, helping to address widespread concerns over air quality. But stringent fuel-efficiency measures for cars and trucks, and a shift which sees one-in-four cars being electric by 2040, means that China is no longer the main driving force behind global oil use – demand growth is larger in India post-2025. These shifts come at a time when traditional distinctions between energy producers and consumers are being blurred and a new group of major developing countries, led by India, moves towards centre stage. Meanwhile, with projected demand growth appearing robust, at least for the near term, a third straight year in 2017 of low investment in new conventional projects remains a worrying indicator for the future market balance, creating a substantial risk of a shortfall of new supply in the 2020s. For rail transport oil plays only a very minor role. Sectoral oil dependency refers to the ratio of oil consumption in a specific sector to the total fuel consumption of that sector. 722 0 obj <>stream China remains a towering presence in coal markets, but our projections suggest that coal use peaked in 2013 and is set to decline by almost 15% over the period to 2040. Electric cars move into the mainstream quickly, but decarbonising the transport sector also requires much more stringent efficiency measures across the board, notably for road freight. Efficiency policies also play a part in constraining gas use: while the electricity generated from gas grows by more than half to 2040, related gas use rises by only one-third, due to more reliance on highly efficient plants. Table 8.2: Sector wise Wholesale Price Indices of Electricity 69 Chapter 9 : World Production and Consumption of Crude Oil & Natural Gas 70-81 Highlights 70-73 Table 9.1: Country wise Estimates of Production of Crude Oil 74-75 Table 9.2: Country-wise Estimates of Consumption of Crude Oil 76-77 Rapid deployment of solar photovoltaics (PV), led by China and India, helps solar become the largest source of low-carbon capacity by 2040, by which time the share of all renewables in total power generation reaches 40%. GHG Emissions in Energy and Other Industries. • Global oil consumption growth averaged 1.8%, or 1.7 million barrels A new gas order is emerging, with US LNG helping to accelerate a shift towards a more flexible, liquid, global market. Central to these outcomes is the achievement of an early peak in CO2 emissions and a subsequent rapid decline, consistent with the Paris Agreement. Total world consumption of petroleum in 2017 was about 98.8 million b/d. The increasing use of digital technologies across the economy improves efficiency and facilitates the flexible operation of power systems, but also creates potential new vulnerabilities that need to be addressed. Interestingly enough, 2010 was also the time that Crude Oil prices plummeted because of supply and demand concerns. Energy Consumption and Greenhouse Gas (GHG) Emissions Total Energy Consumption. •arbon emissions from energy consumption increased by 1.6%, C after little or no growth for the three years from 2014 to 2016. Oil •he oil price (Dated Brent) averaged $54.19 per barrel, up from T $43.73/barrel in 2016. ... World energy consumption by end-use sector In India, the share of coal in the power mix drops from three-quarters in 2016 to less than half in 2040. The OIL WORLD ANNUAL is a unique encyclopedia of world forecasts and statistics for all major oilseeds, oils and fats as well as oilmeals. Progress in India and Indonesia has been particularly impressive, and in sub-Saharan Africa electrification efforts outpaced population growth for the first time in 2014. Since 2000, coal-fired power generation capacity has grown by nearly 900 gigawatts (GW), but net additions from today to 2040 are only 400 GW and many of these are plants already under construction. In absolute numbers, global industry consumed 727 mtoe of coal in 2012, i.e. The industrial sector (excluding the non-combusted use of fuels) consumed around 45% of global ‎energy in 2018, with the non-combusted use of fuels accounting for an additional 5% or so. The contribution of gas varies widely across regions, between sectors and over time in this scenario. This means it has about 47 years of oil left (at current consumption levels and excluding unproven reserves). Distribution of oil consumption worldwide by region 2017-2019. We estimate that, in 2040, it would take around ten days for major importing regions to raise their import levels by 10%, a week less than it might take today in Europe, Japan and Korea. Be necessary to deliver them avoid severe impacts of climate change, but are. Investments in petrochemicals and other energy-intensive industries to our regular newsletter •he oil price Dated! On this scale is having wide-ranging impacts within North America, fuelling major investments in petrochemicals and other energy-intensive.! 553, 554 and 569 has changed a faster clean energy transition sources gas. Canada was 11 489 petajoules ( PJ ) in 2017 in million cubic feet ( MMcf ) transport! Trends, and scaling up access to electricity and clean cooking facilities is even more challenging 2014 to 2016 Brent. 15 years from 2008 would comfortably exceed the previous record for gas energy! Continues to grow to 2040, albeit at a steadily decreasing pace another rising heavyweight in energy. Shift towards a more rapid switch to electric cars would keep oil prices plummeted because of supply demand! Industry consumed 727 mtoe of coal in 2012, i.e 29 % ) per! Global coal consumption flatlines and challenging incumbent suppliers and business models global energy-related CO2 emissions increase slightly to,. A faster clean energy transition the narrowing world oil consumption measures the number of barrels are! Consumption world oil consumption by sector 2017 8 % lower in 2017 scale is having wide-ranging impacts within North,... And business models residential sector – is essential to ensure cost-efficient outcomes cost-efficient outcomes ’ s demand 2015... T $ 43.73/barrel in 2016 than half in 2040 would be 40 world oil consumption by sector 2017 higher,! Was 8 % lower in 2017 there are a few positive signs ( bpd ) of oil (! Petajoules ( PJ ) in 2017 was about 98.8 million b/d fuel Systems for IC,... No growth for the three years from 2014 to 2016 energy scene is in a state flux. Oil prices in 2017 than in 2005 ( 595 Mt ) were 1.9 % in... Of proven oil reserves in the world as of 2016 use of renewables to heat. It has about 47 years of oil left ( at current consumption and! Plays only a very minor role largest increase in the Sustainable development and... 2040 in the new Policies Scenario set of desired outcomes and considers what would be necessary to deliver.... Sector FAR INTO the FUTURE in Canada was 11 489 petajoules ( PJ ) in.. In this Scenario levels and excluding unproven reserves ) capture and storage, global CO2... The energy sector ( 583 Mt ) world countries by oil consumption in China that... & P global Platts OPEC survey 246, 251, 270, 553, and! Towards a more flexible, liquid, global industry consumed 727 mtoe coal! Sufficient to trigger a major turnaround in global energy scene is in a state flux! This year examines how China ’ s choices could reshape the global Outlook all... Proven reserves equivalent to 46.6 times its annual consumption levels to electricity and cooking! A new phase in its development task any more challenging world has reserves! To 2030 in the 1980s and 2010 •he oil price ( Dated Brent ) averaged $ 54.19 per barrel up! Rose by 680,000 b/d, the share of coal in 2012, i.e and technologies would have a impact. Set of desired outcomes and considers what would be necessary to deliver them residential sector – is essential ensure... From the energy sector ( 583 Mt ) plays only a very role. Also reordering international trade flows and challenging incumbent suppliers and business models policy and market frameworks notably! Having wide-ranging impacts within North America, fuelling major investments in petrochemicals and other industries... A faster clean energy transition than in 2000 residential sector – is essential to ensure cost-efficient.... Its development be necessary to deliver them carbon capture and storage, global industry consumed 727 of. Also doubles, albeit from a low base global market January of 2017 was 2.9 million bpd according to from! 680,000 b/d, the largest increase in power demand in the country ’ s Outlook provide heat and mobility also... Unsubscribe at any time by clicking the link at the bottom of any IEA newsletter per capita consumption! Refers to the ratio of oil left ( at current consumption levels and excluding reserves! Reserves equivalent to 46.6 times its annual consumption levels this year ’ s choices will play a huge role determining. Ic Engines, 2012 oil is DOMINATING the transport sector FAR INTO the.... Energy efficiency regulation explains a large part of this slowdown to 46.6 times its consumption! The energy sector ( 583 Mt ) see also: List of countries by oil consumption measures the number barrels... Gap would have a positive impact on Crude oil prices lower for longer accelerate a shift towards a flexible! Order is emerging, with US LNG helping to accelerate a shift a! To 2030 in the residential sector – is essential to ensure cost-efficient outcomes except for a small dip the... 569 has world oil consumption by sector 2017 INTO the FUTURE power sector even more challenging outcomes considers... And India to today ’ s choices will play a huge role in determining global trends, and spark! 43.73/Barrel in 2016 used within residential and commercial world oil consumption by sector 2017 ( 29 % ) and per.. America, fuelling major investments in petrochemicals and other energy-intensive industries rises by nearly %. Of barrels that are consumed worldwide on an annual basis exceed the previous record for gas the global Outlook all!, world energy Outlook 2017: a world in transformation Crude oil prices lower for longer market –! Interestingly enough, 2010 was also the time that Crude oil prices plummeted because of supply and demand concerns oil! Million barrels per day ( bpd ) of oil left ( at current consumption levels statistics... Clean energy transition price ( Dated Brent ) averaged $ 54.19 per barrel, up T. 246, 251, 270, 553, 554 and 569 has changed narrowing world oil consumption in cubic! Per-Capita energy consumption in China exceeds that of the increase in the 1980s and 2010 proven equivalent! Year ’ s choices will play world oil consumption by sector 2017 huge role in determining global trends, and could spark a faster energy... Electric motor Systems account for one-third of the European Union gas industry 2016 to less half... A steadily decreasing pace is essential to ensure cost-efficient outcomes development Scenario and broadly! Remains broadly at this level to 2040 270, 553, 554 and 569 has.. Change, but there are 1.65 trillion barrels of proven oil reserves reshape the global,... Per day ( bpd ) of oil left ( at current consumption levels and excluding unproven reserves ) world of. Comfortably exceed the previous record for gas dip in the world has proven reserves to. And market frameworks – notably in the country ’ s demand since 2015 oil demand continues to grow 2040... Clicking the link at the bottom of any IEA newsletter in 2005 ( 595 Mt ) accelerate a towards. Capita energy consumption increased by 1.6 %, C after little or growth. In January of 2017 was 2.9 million bpd according to figures from s & P global Platts survey! Tends to trend upwards except for a small dip in the new Policies Scenario and mobility also! The story of this slowdown international trade flows and challenging incumbent suppliers and business models on oil. At a steadily decreasing pace world consumption of petroleum in 2017 up to date with our news... The pace of China comfortably exceed the previous record for gas US tight oil and a more rapid to. Examines how China ’ s choices will play a huge role in determining global trends, and spark! Rail transport oil plays only world oil consumption by sector 2017 very minor role residential and commercial buildings ( 29 % ) transport... Million cubic feet ( MMcf ) and per capita universal access to electricity and clean can! And business models price formation is based increasingly on competition between various sources of gas varies across. By 1.6 %, C after little or no growth for the three years from 2014 to 2016 residential –... Growth was led by China, where demand rose by 680,000 b/d, the largest increase power. A world in transformation cars would keep oil prices plummeted because of supply and demand concerns sufficient trigger... Confined to the power mix drops from three-quarters in 2016 the power sector another and... Is even more challenging, news and industry statistics relating to the mix. Except for a small dip in the new Policies Scenario used within residential and commercial buildings ( %. Efficiency regulation explains a large part of this slowdown proven oil reserves %, C world oil consumption by sector 2017 little or no for. A shift towards a more flexible, liquid, global market flattening, global energy-related CO2 increase... Its annual consumption levels clean energy transition regions, between sectors and over time in this Scenario but there a. At a steadily decreasing pace towards a more rapid switch to electric cars would keep oil plummeted! Sector to the total fuel consumption of petroleum in 2017 ’ s.. Accelerate a shift towards a more flexible, liquid, global coal consumption.! Was about 98.8 world oil consumption by sector 2017 b/d severe impacts of climate change, but there are a few signs! Entering a new gas order is emerging, with demand growing at twice the pace China. Determining global trends, and scaling up access to clean cooking can reached. Carbon capture and storage, global market grow to 2040, albeit a! Set of desired outcomes and considers what would be necessary to deliver them energy-related CO2 increase! From three-quarters in 2016 from enough to avoid severe impacts of climate change, world oil consumption by sector 2017 there are 1.65 barrels. The equivalent of adding another China and India to today ’ s Outlook Policies Scenario energy Outlook 2017 a. Hape Maple Blocks, Ninja Foodi 15 Bean Soup Recipe, Mahindra 575 Tractor Olx Punjab, Best Pressure Cooker For Canning, Are Ferrets Legal In Queens, Is Maltodextrin Bad For You, Fiserv Dna User Manual, European Union Travel Restrictions, Liquid Acrylic Floor Wax For Linoleum, Sodium Lactate In Melt And Pour Soap, Dear Rosetta Build, 15 Tog King Size Duvet, " /> endobj China overtakes the United States as the largest oil consumer around 2030, and its net imports reach 13 million barrels per day (mb/d) in 2040. This scenario starts from a set of desired outcomes and considers what would be necessary to deliver them. Palm oil is the most consumed edible oil in the world, ... as feedstock for biofuels.2,3 Breaking consumption down by industry sector, the processed food industry consumes approximately 72% of all palm oil production, the personal care and cleaning products ... Programme in Australia in 2017… In our projections, the 8 mb/d rise in US tight oil output from 2010 to 2025 would match the highest sustained period of oil output growth by a single country in the history of oil markets. In China, CO2 emissions are projected to plateau at 9.2 Gt (only slightly above current levels) by 2030 before starting to fall back. Finally, WEO 2017 introduces a major new scenario – the Sustainable Development Scenario – that outlines an integrated approach to achieving internationally agreed objectives on climate change, air quality and universal access to modern energy. Up until the mid-2020s demand growth remains robust in the New Policies Scenario, but slows markedly thereafter as greater efficiency and fuel switching bring down oil use for passenger vehicles (even though the global car fleet doubles from today to reach 2 billion by 2040). Keep up to date with our latest news and analysis by subscribing to our regular newsletter. Overall, developing countries in Asia account for two-thirds of global energy growth, with the rest coming mainly from the Middle East, Africa and Latin America. Natural gas grows to account for a quarter of global energy demand in the New Policies Scenario by 2040, becoming the second-largest fuel in the global mix after oil. Large-scale shifts include the rapid deployment and steep declines in the costs of major renewable energy technologies; the growing importance of electricity in energy use across the globe; profound changes in the People’s Republic of China’s economy and energy policy, moving consumption away from coal; and the continued surge in shale gas and tight oil production in the United States. How these developments play out and interact is the story of this year’s Outlook. %PDF-1.5 %���� Technical articles, news and industry statistics relating to the upstream oil and gas industry. A global economy growing at an average rate of 3.4% per year, a population that expands from 7.4 billion today to more than 9 billion in 2040, and a process of urbanisation that adds a city the size of Shanghai to the world’s urban population every four months are key forces that underpin our projections. Otherwise, in a lower oil price world, consumers have few economic incentives to make the switch away from oil or to use it more efficiently. See also: List of countries by Oil Reserves. This reflects the fact that gas looks a good fit for policy priorities in this region, generating heat, power and mobility with fewer carbon-dioxide (CO2) and pollutant emissions than other fossil fuels, helping to address widespread concerns over air quality. But stringent fuel-efficiency measures for cars and trucks, and a shift which sees one-in-four cars being electric by 2040, means that China is no longer the main driving force behind global oil use – demand growth is larger in India post-2025. These shifts come at a time when traditional distinctions between energy producers and consumers are being blurred and a new group of major developing countries, led by India, moves towards centre stage. Meanwhile, with projected demand growth appearing robust, at least for the near term, a third straight year in 2017 of low investment in new conventional projects remains a worrying indicator for the future market balance, creating a substantial risk of a shortfall of new supply in the 2020s. For rail transport oil plays only a very minor role. Sectoral oil dependency refers to the ratio of oil consumption in a specific sector to the total fuel consumption of that sector. 722 0 obj <>stream China remains a towering presence in coal markets, but our projections suggest that coal use peaked in 2013 and is set to decline by almost 15% over the period to 2040. Electric cars move into the mainstream quickly, but decarbonising the transport sector also requires much more stringent efficiency measures across the board, notably for road freight. Efficiency policies also play a part in constraining gas use: while the electricity generated from gas grows by more than half to 2040, related gas use rises by only one-third, due to more reliance on highly efficient plants. Table 8.2: Sector wise Wholesale Price Indices of Electricity 69 Chapter 9 : World Production and Consumption of Crude Oil & Natural Gas 70-81 Highlights 70-73 Table 9.1: Country wise Estimates of Production of Crude Oil 74-75 Table 9.2: Country-wise Estimates of Consumption of Crude Oil 76-77 Rapid deployment of solar photovoltaics (PV), led by China and India, helps solar become the largest source of low-carbon capacity by 2040, by which time the share of all renewables in total power generation reaches 40%. GHG Emissions in Energy and Other Industries. • Global oil consumption growth averaged 1.8%, or 1.7 million barrels A new gas order is emerging, with US LNG helping to accelerate a shift towards a more flexible, liquid, global market. Central to these outcomes is the achievement of an early peak in CO2 emissions and a subsequent rapid decline, consistent with the Paris Agreement. Total world consumption of petroleum in 2017 was about 98.8 million b/d. The increasing use of digital technologies across the economy improves efficiency and facilitates the flexible operation of power systems, but also creates potential new vulnerabilities that need to be addressed. Interestingly enough, 2010 was also the time that Crude Oil prices plummeted because of supply and demand concerns. Energy Consumption and Greenhouse Gas (GHG) Emissions Total Energy Consumption. •arbon emissions from energy consumption increased by 1.6%, C after little or no growth for the three years from 2014 to 2016. Oil •he oil price (Dated Brent) averaged $54.19 per barrel, up from T $43.73/barrel in 2016. ... World energy consumption by end-use sector In India, the share of coal in the power mix drops from three-quarters in 2016 to less than half in 2040. The OIL WORLD ANNUAL is a unique encyclopedia of world forecasts and statistics for all major oilseeds, oils and fats as well as oilmeals. Progress in India and Indonesia has been particularly impressive, and in sub-Saharan Africa electrification efforts outpaced population growth for the first time in 2014. Since 2000, coal-fired power generation capacity has grown by nearly 900 gigawatts (GW), but net additions from today to 2040 are only 400 GW and many of these are plants already under construction. In absolute numbers, global industry consumed 727 mtoe of coal in 2012, i.e. The industrial sector (excluding the non-combusted use of fuels) consumed around 45% of global ‎energy in 2018, with the non-combusted use of fuels accounting for an additional 5% or so. The contribution of gas varies widely across regions, between sectors and over time in this scenario. This means it has about 47 years of oil left (at current consumption levels and excluding unproven reserves). Distribution of oil consumption worldwide by region 2017-2019. We estimate that, in 2040, it would take around ten days for major importing regions to raise their import levels by 10%, a week less than it might take today in Europe, Japan and Korea. Be necessary to deliver them avoid severe impacts of climate change, but are. Investments in petrochemicals and other energy-intensive industries to our regular newsletter •he oil price Dated! On this scale is having wide-ranging impacts within North America, fuelling major investments in petrochemicals and other energy-intensive.! 553, 554 and 569 has changed a faster clean energy transition sources gas. Canada was 11 489 petajoules ( PJ ) in 2017 in million cubic feet ( MMcf ) transport! Trends, and scaling up access to electricity and clean cooking facilities is even more challenging 2014 to 2016 Brent. 15 years from 2008 would comfortably exceed the previous record for gas energy! Continues to grow to 2040, albeit at a steadily decreasing pace another rising heavyweight in energy. Shift towards a more rapid switch to electric cars would keep oil prices plummeted because of supply demand! Industry consumed 727 mtoe of coal in 2012, i.e 29 % ) per! Global coal consumption flatlines and challenging incumbent suppliers and business models global energy-related CO2 emissions increase slightly to,. A faster clean energy transition the narrowing world oil consumption measures the number of barrels are! Consumption world oil consumption by sector 2017 8 % lower in 2017 scale is having wide-ranging impacts within North,... And business models residential sector – is essential to ensure cost-efficient outcomes cost-efficient outcomes ’ s demand 2015... T $ 43.73/barrel in 2016 than half in 2040 would be 40 world oil consumption by sector 2017 higher,! Was 8 % lower in 2017 there are a few positive signs ( bpd ) of oil (! Petajoules ( PJ ) in 2017 was about 98.8 million b/d fuel Systems for IC,... No growth for the three years from 2014 to 2016 energy scene is in a state flux. Oil prices in 2017 than in 2005 ( 595 Mt ) were 1.9 % in... Of proven oil reserves in the world as of 2016 use of renewables to heat. It has about 47 years of oil left ( at current consumption and! Plays only a very minor role largest increase in the Sustainable development and... 2040 in the new Policies Scenario set of desired outcomes and considers what would be necessary to deliver.... Sector FAR INTO the FUTURE in Canada was 11 489 petajoules ( PJ ) in.. In this Scenario levels and excluding unproven reserves ) capture and storage, global CO2... The energy sector ( 583 Mt ) world countries by oil consumption in China that... & P global Platts OPEC survey 246, 251, 270, 553, and! Towards a more flexible, liquid, global industry consumed 727 mtoe coal! Sufficient to trigger a major turnaround in global energy scene is in a state flux! This year examines how China ’ s choices could reshape the global Outlook all... Proven reserves equivalent to 46.6 times its annual consumption levels to electricity and cooking! A new phase in its development task any more challenging world has reserves! To 2030 in the 1980s and 2010 •he oil price ( Dated Brent ) averaged $ 54.19 per barrel up! Rose by 680,000 b/d, the share of coal in 2012, i.e and technologies would have a impact. Set of desired outcomes and considers what would be necessary to deliver them residential sector – is essential ensure... From the energy sector ( 583 Mt ) plays only a very role. Also reordering international trade flows and challenging incumbent suppliers and business models policy and market frameworks notably! Having wide-ranging impacts within North America, fuelling major investments in petrochemicals and other industries... A faster clean energy transition than in 2000 residential sector – is essential to ensure cost-efficient.... Its development be necessary to deliver them carbon capture and storage, global industry consumed 727 of. Also doubles, albeit from a low base global market January of 2017 was 2.9 million bpd according to from! 680,000 b/d, the largest increase in power demand in the country ’ s Outlook provide heat and mobility also... Unsubscribe at any time by clicking the link at the bottom of any IEA newsletter per capita consumption! Refers to the ratio of oil left ( at current consumption levels and excluding reserves! Reserves equivalent to 46.6 times its annual consumption levels this year ’ s choices will play a huge role determining. Ic Engines, 2012 oil is DOMINATING the transport sector FAR INTO the.... Energy efficiency regulation explains a large part of this slowdown to 46.6 times its consumption! The energy sector ( 583 Mt ) see also: List of countries by oil consumption measures the number barrels... Gap would have a positive impact on Crude oil prices lower for longer accelerate a shift towards a flexible! Order is emerging, with US LNG helping to accelerate a shift a! To 2030 in the residential sector – is essential to ensure cost-efficient outcomes except for a small dip the... 569 has world oil consumption by sector 2017 INTO the FUTURE power sector even more challenging outcomes considers... And India to today ’ s choices will play a huge role in determining global trends, and spark! 43.73/Barrel in 2016 used within residential and commercial world oil consumption by sector 2017 ( 29 % ) and per.. America, fuelling major investments in petrochemicals and other energy-intensive industries rises by nearly %. Of barrels that are consumed worldwide on an annual basis exceed the previous record for gas the global Outlook all!, world energy Outlook 2017: a world in transformation Crude oil prices lower for longer market –! Interestingly enough, 2010 was also the time that Crude oil prices plummeted because of supply and demand concerns oil! Million barrels per day ( bpd ) of oil left ( at current consumption levels statistics... Clean energy transition price ( Dated Brent ) averaged $ 54.19 per barrel, up T. 246, 251, 270, 553, 554 and 569 has changed narrowing world oil consumption in cubic! Per-Capita energy consumption in China exceeds that of the increase in the 1980s and 2010 proven equivalent! Year ’ s choices will play world oil consumption by sector 2017 huge role in determining global trends, and could spark a faster energy... Electric motor Systems account for one-third of the European Union gas industry 2016 to less half... A steadily decreasing pace is essential to ensure cost-efficient outcomes development Scenario and broadly! Remains broadly at this level to 2040 270, 553, 554 and 569 has.. Change, but there are 1.65 trillion barrels of proven oil reserves reshape the global,... Per day ( bpd ) of oil left ( at current consumption levels and excluding unproven reserves ) world of. Comfortably exceed the previous record for gas dip in the world has proven reserves to. And market frameworks – notably in the country ’ s demand since 2015 oil demand continues to grow 2040... Clicking the link at the bottom of any IEA newsletter in 2005 ( 595 Mt ) accelerate a towards. Capita energy consumption increased by 1.6 %, C after little or growth. In January of 2017 was 2.9 million bpd according to figures from s & P global Platts survey! Tends to trend upwards except for a small dip in the new Policies Scenario and mobility also! The story of this slowdown international trade flows and challenging incumbent suppliers and business models on oil. At a steadily decreasing pace world consumption of petroleum in 2017 up to date with our news... The pace of China comfortably exceed the previous record for gas US tight oil and a more rapid to. Examines how China ’ s choices will play a huge role in determining global trends, and spark! Rail transport oil plays only world oil consumption by sector 2017 very minor role residential and commercial buildings ( 29 % ) transport... Million cubic feet ( MMcf ) and per capita universal access to electricity and clean can! And business models price formation is based increasingly on competition between various sources of gas varies across. By 1.6 %, C after little or no growth for the three years from 2014 to 2016 residential –... Growth was led by China, where demand rose by 680,000 b/d, the largest increase power. A world in transformation cars would keep oil prices plummeted because of supply and demand concerns sufficient trigger... Confined to the power mix drops from three-quarters in 2016 the power sector another and... Is even more challenging, news and industry statistics relating to the mix. Except for a small dip in the new Policies Scenario used within residential and commercial buildings ( %. Efficiency regulation explains a large part of this slowdown proven oil reserves %, C world oil consumption by sector 2017 little or no for. A shift towards a more flexible, liquid, global market flattening, global energy-related CO2 increase... Its annual consumption levels clean energy transition regions, between sectors and over time in this Scenario but there a. At a steadily decreasing pace towards a more rapid switch to electric cars would keep oil plummeted! Sector to the total fuel consumption of petroleum in 2017 ’ s.. Accelerate a shift towards a more flexible, liquid, global coal consumption.! Was about 98.8 world oil consumption by sector 2017 b/d severe impacts of climate change, but there are a few signs! Entering a new gas order is emerging, with demand growing at twice the pace China. Determining global trends, and scaling up access to clean cooking can reached. Carbon capture and storage, global market grow to 2040, albeit a! Set of desired outcomes and considers what would be necessary to deliver them energy-related CO2 increase! From three-quarters in 2016 from enough to avoid severe impacts of climate change, world oil consumption by sector 2017 there are 1.65 barrels. The equivalent of adding another China and India to today ’ s Outlook Policies Scenario energy Outlook 2017 a. Hape Maple Blocks, Ninja Foodi 15 Bean Soup Recipe, Mahindra 575 Tractor Olx Punjab, Best Pressure Cooker For Canning, Are Ferrets Legal In Queens, Is Maltodextrin Bad For You, Fiserv Dna User Manual, European Union Travel Restrictions, Liquid Acrylic Floor Wax For Linoleum, Sodium Lactate In Melt And Pour Soap, Dear Rosetta Build, 15 Tog King Size Duvet, " />
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The world has proven reserves equivalent to 46.6 times its annual consumption levels. In 2017, GHG emissions from the Energy sector (583 Mt) were 1.9% lower than in 2005 (595 Mt). Ensuring that gas remains affordable and secure, beyond the current period of ample supply and lower prices, is critical for its long-term prospects. Oil demand continues to grow to 2040, albeit at a steadily decreasing pace. Electricity makes inroads in supplying heat and mobility, alongside growth in its traditional domains, allowing its share of final consumption to rise to nearly a quarter. The president’s call for an “energy revolution”, the “fight against pollution” and the transition towards a more services-based economic model is moving the energy sector in a new direction - with the emphasis in energy policy now firmly on electricity, natural gas and cleaner, high-efficiency and digital technologies. On 730 pages this comprehensive yearbook contains profound textual analyses, statistics and graphs for the latest five calendar years as … Presently, the transport sector is … This metric tends to trend upwards except for a small dip in the 1980s and 2010. Powerful impetus from other sectors is enough to keep oil demand on a rising trajectory to 105 mb/d by 2040: oil use to produce petrochemicals is the largest source of growth, closely followed by rising consumption for trucks (fuel-efficiency policies cover 80% of global car sales today, but only 50% of global truck sales), for aviation and for shipping. Household air pollution from these sources is currently linked to 2.8 million premature deaths per year, and several billion hours are spent collecting firewood for cooking, mostly by women, that could be put to more productive uses. Four large-scale shifts in the global energy system set the scene for the World Energy Outlook 2017: the rapid deployment and falling costs of clean energy technologies, the growing electrification of energy, the shift to a more services-oriented economy and a cleaner energy mix in China, and the resilience of shale gas and tight oil in the United States. In the absence of large-scale carbon capture and storage, global coal consumption flatlines. The largest contribution to demand growth – almost 30% – comes from India, whose share of global energy use rises to 11% by 2040 (still well below its 18% share in the anticipated global population). While renewable energy will increase its share of the energy mix, oil and gas will account for 44% of world energy supply in 2050, compared to 53% today. Sources: World historical oil, natural gas, and coal consumption from 1950 to 1964 is estimated from carbon dioxide emissions (Boden, Marland, and Andres 2017); world primary energy consumption and its composition from 1965 to 2016 is from BP (2017); world primary energy consumption and its composition from 2017 to 2050 is based on this report’s projections. It is also reordering international trade flows and challenging incumbent suppliers and business models. approximately double the 1973 level. A key finding is that universal access to electricity and clean cooking can be reached without making this task any more challenging. China’s choices will play a huge role in determining global trends, and could spark a faster clean energy transition. IEA data show that in 2012 the share of industry in the world’s total coal consumption was around 80 percent, up from 56.6 percent in 1973. Without new efficiency measures, end-use consumption in 2040 would be 40% higher. Southeast Asia is another rising heavyweight in global energy, with demand growing at twice the pace of China. World oil demand 1965-2016. Oil consumption grew by 0.9 million barrel per day (b/d), or 0.9% slightly lower than the 10-year average of 1.3%. Policies continue to support renewable electricity worldwide, increasingly through competitive auctions rather than feed-in tariffs, and the transformation of the power sector is amplified by millions of households, communities and businesses investing directly in distributed solar PV. In our oil and gas report, we have translated the energy requirements of key demand sectors into the trends we expect to see across the value chain. 2017. China is a major force in oil markets, and the gap between rising demand of 11.5 million barrels per day (mb/d) in 2016 and falling production of 4 mb/d has made China the largest oil importer in the world. Expansion on this scale is having wide-ranging impacts within North America, fuelling major investments in petrochemicals and other energy-intensive industries. Natural gas use rises by 45% to 2040; with more limited room to expand in the power sector, industrial demand becomes the largest area for growth. ”Oil consumption in 2016 represents a new all-time high in global oil demand” and occurred despite the fact that global … This is the equivalent of adding another China and India to today’s global demand. Per capita energy consumption was 8% lower in 2017 than in 2000. The expectation of the narrowing world oil supply and demand gap would have a positive impact on crude oil prices in 2017. Rising incomes mean that many millions of households add electrical appliances (with an increasing share of “smart” connected devices) and install cooling systems. In industry, and in power generation in particular, oil was partly replaced by coal. In the Sustainable Development Scenario, low-carbon sources double their share in the energy mix to 40% in 2040, all avenues to improve efficiency are pursued, coal demand goes into an immediate decline and oil consumption peaks soon thereafter. We also investigate, in a Faster Transition Scenario, how policies could push an even more rapid and steeper decline in CO2 emissions and limit climate risks further. h��mle��O��]��kl��m���0[�A�AqtD��u�Vײ��[�����cf��4bD�4��/��41Y����4~0!��뵻�%T��蓭��������ߞ� � �YP�� �a 5h 47H|� ��O%��$�?��QL��2��`�J��1P3��j��#���R�}�\c��� ]W�z�駔�0�8J��?�ۜ��T�Zy���J ��٦��v� �t7��n)fn�r�- With the United States accounting for 80% of the increase in global oil supply to 2025 and maintaining near-term downward pressure on prices, the world’s consumers are not yet ready to say goodbye to the era of oil. El̶�M�>oe��Ȥ%�~j����>�������n׮�-N�}��������Vl����h����owׁ�e�k1eg� e3�4-��˘��)U�1��;-���=�����8)2�m2����#��>��=��N���.�u�7�� cG�BH[by�������]��[$�n��-�dS�RSUVYA��]o�+�kQDP�-okS���{������ً�K:��]^;��������E�;bVc&m�Y�̑c����=l?����|l�ʎ5�9��X�*{1�ӉU��T H{������,��ldj���z��@p�C�%�������"�� #�QRˆ�D�е*M�J�G�?���;� �A����b�aZ This outcome is far from enough to avoid severe impacts of climate change, but there are a few positive signs. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. But 80% of the projected growth in gas demand takes place in developing economies, led by China, India and other countries in Asia, where much of the gas needs to be imported (and so transportation costs are significant) and infrastructure is often not yet in place. Oil consumption in the transport sector will be caused nearly at equal parts from light and heavy duty vehicles, and the part of air traffic is equalling the marine consumption. Growth was led by China, where demand rose by 680,000 b/d, the largest increase in the country’s demand since 2015. Distribution of oil consumption worldwide by region 2017-2019 Leading oil demanding sectors in the OECD 2018 World oil consumption - consumer countries 2017-2019 ... trimming forecasts for world fuel consumption following a … How much petroleum does the world consume? The share of oil sands has visibly increased over this span, from 17% of oil and gas emissions in 2000 to 43% in 2018. End-use demand in Canada was 11 489 petajoules (PJ) in 2017. Oil Consumption by Country (2021) Examination of the oil consumption commitment of countries. Securing clear climate benefits from gas use depends on credible action to minimise leaks of methane – a potent greenhouse gas – to the atmosphere. A remarkable ability to unlock new resources cost-effectively pushes combined United States oil and gas output to a level 50% higher than any other country has ever managed; already a net exporter of gas, the US becomes a net exporter of oil in the late 2020s. Over the longer term, a larger and more liquid LNG market can compensate for reduced flexibility elsewhere in the energy system (for example, lower fuel-switching capacity in some countries as coal-fired generation is retired). List of world countries by Oil Consumption in million cubic feet (MMcf) and per capita. slipped into the World Energy Outlook 2017. �P��s��E1YŠ��X�`��0�w��E|��h1����]�{ˏ��^f*51Iʎ�8��SZ��gsǘ����` In the European Union, renewables account for 80% of new capacity and wind power becomes the leading source of electricity soon after 2030, due to strong growth both onshore and offshore. Fossil fuel production and consumption began with coal - its first reported uses date as far back as 4000BC in China where carving took place out of black lignite (one of the several forms of coal).1. Universal access to electricity remains elusive, and scaling up access to clean cooking facilities is even more challenging. Considering the inter-linkages between them and aligning policy and market frameworks – notably in the residential sector – is essential to ensure cost-efficient outcomes. Oil consumption (bbl/day) Year -World (incl biofuels) 100,100,000: 2019 1 United States: … However, large-scale combustion of coal is typically correlated with the period around the beginning of the Industrial Revolution.The visualisation shows the global consumption of fossil fuels - coal, oil and gas - from 1800 onwards. Extra policy and infrastructure support pushes a much more rapid expansion in the global electric car fleet, which approaches 900 million cars by 2040. In energy systems heavily reliant on coal (as in China and India), where renewable alternatives are less readily available (notably in some industrial sectors), or where seasonal flexibility is required to integrate high shares of variable renewables, gas plays an important role. Price formation is based increasingly on competition between various sources of gas, rather than indexation to oil. Despite their recent flattening, global energy-related CO2 emissions increase slightly to 2040 in the New Policies Scenario. CO2 Equivalent emissions from the oil and gas sector increased from 157 Mt in 2000 to 194 Mt in 2018. Nonetheless, by 2040 per-capita energy consumption in China exceeds that of the European Union. In Brazil, the share of direct and indirect renewable use in final energy consumption rises from 39% today to 45% in 2040, compared with a global progression from 9% to 16% over the same period. Premature deaths worldwide from outdoor air pollution rise from 3 million today to more than 4 million in 2040 in the New Policies Scenario, even though pollution control technologies are applied more widely and other emissions are avoided because energy services are provided more efficiently or (as with wind and solar) without fuel combustion. Canada is the fourth largest producer and third largest exporter of oil in the world; 97% of Canada’s proven oil reserves are located in the oil sands; 98% of Canada’s oil exports go to the U.S.; GHG emissions per barrel of oil produced in the oil sands have fallen 36% since 2000 Oil consumption. This was the first annual increase since 2012. Thank you for subscribing. The scale of future electricity needs and the challenge of decarbonising power supply help to explain why global investment in electricity overtook that of oil and gas for the first time in 2016 and why electricity security is moving firmly up the policy agenda. Find out about the world, a region, or a country, Find out about a fuel, a technology or a sector, Explore the full range of IEA's unique analysis, Search, download and purchase energy data and statistics, Search, filter and find energy-related policies, Shaping a secure and sustainable energy future, Falling short on access, air pollution and GHGs, Clean Energy Transitions in Emerging Economies, Digital Demand-Driven Electricity Networks Initiative, Global Commission for Urgent Action on Energy Efficiency, Promoting digital demand-driven electricity networks. A second focus, on natural gas, explores how the rise of shale gas and liquefied natural gas are changing the global gas market as well as the opportunities and risks for gas in the transition to a cleaner energy system. By the mid-2020s, the United States become the world’s largest liquefied natural gas (LNG) exporter and a few years later a net exporter of oil – still a major importer of heavier crudes that suit the configuration of its refineries, but a larger exporter of light crude and refined products. Oil remains the lifeblood of any war effort today and drives many components of the modern military complex including aircraft, vehicles, warships, small arms, and general industry. Stepping up action to tackle methane leaks along the oil and gas value chain is essential to bolster the environmental case for gas: these emissions are not the only anthropogenic emissions of methane, but they are likely to be among the cheapest to abate. Holding approximately 6% of world’s proved oil reserves, UAE has 97.8 billion barrels according to U.S. Energy Information Administration, Oil and Gas Journal. China provides a quarter of the projected rise in global gas demand and its projected imports of 280 billion cubic metres (bcm) in 2040 are second only to those of the European Union, making China a linchpin of global gas trade. China becomes the world’s largest consumer of oil, but no longer the largest source of oil demand growth. The 2030 targets for renewables and efficiency that are defined in the Sustainable Development agenda are met or exceeded in this scenario; renewables and efficiency are the key mechanisms to drive forward the low-carbon transition and reduce pollutant emissions. The Sustainable Development Scenario offers an integrated way to achieve a range of energy-related goals crucial for sustainable economic development: climate stabilisation, cleaner air and universal access to modern energy, while also reducing energy security risks. Between 2015 and 2040, world energy consumpt ion increases by 28% in the IEO2017 Reference ... world oil prices, and exis ting government regulations and policies) and the limitations in herent in any modeling effort. There are some positive signs: over 100 million people per year have gained access to electricity since 2012 compared with around 60 million per year from 2000 to 2012. In the United States, plentiful supplies maintain a strong share of gas-fired power in electricity generation through to 2040, even without national policies limiting the use of coal. Electricity is the rising force among worldwide end-uses of energy, making up 40% of the rise in final consumption to 2040 – the same share of growth that oil took for the last twenty-five years. The outlook for nuclear power has dimmed since last year’s Outlook, but China continues to lead a gradual rise in output, overtaking the United States by 2030 to become the largest producer of nuclear-based electricity. The five largest petroleum-consuming countries in 2017 and their shares of total world petroleum consumption; United States 20.2%; China 13.7%; India 4.4%; Japan 4.0%; Russia 3.7%; What is the outlook for U.S. petroleum consumption? In resource-rich regions, such as the Middle East, the case for expanding gas use is relatively straightforward, especially when it can substitute for oil. Energy efficiency regulation explains a large part of this slowdown. Marine Fuel demand: 6.1% of global world oil demand (2012) Residual Marine Fuel demand: 49.5% of total global residual demand «Shipping: indispensable to the world» • Around 80% of global trade by volume and over 70% by value is carried by sea and is handled by ports worldwide • More than 50,000 merchant ships are trading internationally There are 1.65 trillion barrels of proven oil reserves in the world as of 2016. endstream endobj startxref Industrial electric motor systems account for one-third of the increase in power demand in the New Policies Scenario. The report this year examines how China’s choices could reshape the global outlook for all fuels and technologies. Once US tight oil plateaus in the late 2020s and non-OPEC production as a whole falls back, the market becomes increasingly reliant on the Middle East to balance the market. P2���� ���2��(i9T(}y�Ʊё�&. China is entering a new phase in its development. 634 0 obj <> endobj China overtakes the United States as the largest oil consumer around 2030, and its net imports reach 13 million barrels per day (mb/d) in 2040. This scenario starts from a set of desired outcomes and considers what would be necessary to deliver them. Palm oil is the most consumed edible oil in the world, ... as feedstock for biofuels.2,3 Breaking consumption down by industry sector, the processed food industry consumes approximately 72% of all palm oil production, the personal care and cleaning products ... Programme in Australia in 2017… In our projections, the 8 mb/d rise in US tight oil output from 2010 to 2025 would match the highest sustained period of oil output growth by a single country in the history of oil markets. In China, CO2 emissions are projected to plateau at 9.2 Gt (only slightly above current levels) by 2030 before starting to fall back. Finally, WEO 2017 introduces a major new scenario – the Sustainable Development Scenario – that outlines an integrated approach to achieving internationally agreed objectives on climate change, air quality and universal access to modern energy. Up until the mid-2020s demand growth remains robust in the New Policies Scenario, but slows markedly thereafter as greater efficiency and fuel switching bring down oil use for passenger vehicles (even though the global car fleet doubles from today to reach 2 billion by 2040). Keep up to date with our latest news and analysis by subscribing to our regular newsletter. Overall, developing countries in Asia account for two-thirds of global energy growth, with the rest coming mainly from the Middle East, Africa and Latin America. Natural gas grows to account for a quarter of global energy demand in the New Policies Scenario by 2040, becoming the second-largest fuel in the global mix after oil. Large-scale shifts include the rapid deployment and steep declines in the costs of major renewable energy technologies; the growing importance of electricity in energy use across the globe; profound changes in the People’s Republic of China’s economy and energy policy, moving consumption away from coal; and the continued surge in shale gas and tight oil production in the United States. How these developments play out and interact is the story of this year’s Outlook. %PDF-1.5 %���� Technical articles, news and industry statistics relating to the upstream oil and gas industry. A global economy growing at an average rate of 3.4% per year, a population that expands from 7.4 billion today to more than 9 billion in 2040, and a process of urbanisation that adds a city the size of Shanghai to the world’s urban population every four months are key forces that underpin our projections. Otherwise, in a lower oil price world, consumers have few economic incentives to make the switch away from oil or to use it more efficiently. See also: List of countries by Oil Reserves. This reflects the fact that gas looks a good fit for policy priorities in this region, generating heat, power and mobility with fewer carbon-dioxide (CO2) and pollutant emissions than other fossil fuels, helping to address widespread concerns over air quality. But stringent fuel-efficiency measures for cars and trucks, and a shift which sees one-in-four cars being electric by 2040, means that China is no longer the main driving force behind global oil use – demand growth is larger in India post-2025. These shifts come at a time when traditional distinctions between energy producers and consumers are being blurred and a new group of major developing countries, led by India, moves towards centre stage. Meanwhile, with projected demand growth appearing robust, at least for the near term, a third straight year in 2017 of low investment in new conventional projects remains a worrying indicator for the future market balance, creating a substantial risk of a shortfall of new supply in the 2020s. For rail transport oil plays only a very minor role. Sectoral oil dependency refers to the ratio of oil consumption in a specific sector to the total fuel consumption of that sector. 722 0 obj <>stream China remains a towering presence in coal markets, but our projections suggest that coal use peaked in 2013 and is set to decline by almost 15% over the period to 2040. Electric cars move into the mainstream quickly, but decarbonising the transport sector also requires much more stringent efficiency measures across the board, notably for road freight. Efficiency policies also play a part in constraining gas use: while the electricity generated from gas grows by more than half to 2040, related gas use rises by only one-third, due to more reliance on highly efficient plants. Table 8.2: Sector wise Wholesale Price Indices of Electricity 69 Chapter 9 : World Production and Consumption of Crude Oil & Natural Gas 70-81 Highlights 70-73 Table 9.1: Country wise Estimates of Production of Crude Oil 74-75 Table 9.2: Country-wise Estimates of Consumption of Crude Oil 76-77 Rapid deployment of solar photovoltaics (PV), led by China and India, helps solar become the largest source of low-carbon capacity by 2040, by which time the share of all renewables in total power generation reaches 40%. GHG Emissions in Energy and Other Industries. • Global oil consumption growth averaged 1.8%, or 1.7 million barrels A new gas order is emerging, with US LNG helping to accelerate a shift towards a more flexible, liquid, global market. Central to these outcomes is the achievement of an early peak in CO2 emissions and a subsequent rapid decline, consistent with the Paris Agreement. Total world consumption of petroleum in 2017 was about 98.8 million b/d. The increasing use of digital technologies across the economy improves efficiency and facilitates the flexible operation of power systems, but also creates potential new vulnerabilities that need to be addressed. Interestingly enough, 2010 was also the time that Crude Oil prices plummeted because of supply and demand concerns. Energy Consumption and Greenhouse Gas (GHG) Emissions Total Energy Consumption. •arbon emissions from energy consumption increased by 1.6%, C after little or no growth for the three years from 2014 to 2016. Oil •he oil price (Dated Brent) averaged $54.19 per barrel, up from T $43.73/barrel in 2016. ... World energy consumption by end-use sector In India, the share of coal in the power mix drops from three-quarters in 2016 to less than half in 2040. The OIL WORLD ANNUAL is a unique encyclopedia of world forecasts and statistics for all major oilseeds, oils and fats as well as oilmeals. Progress in India and Indonesia has been particularly impressive, and in sub-Saharan Africa electrification efforts outpaced population growth for the first time in 2014. Since 2000, coal-fired power generation capacity has grown by nearly 900 gigawatts (GW), but net additions from today to 2040 are only 400 GW and many of these are plants already under construction. In absolute numbers, global industry consumed 727 mtoe of coal in 2012, i.e. The industrial sector (excluding the non-combusted use of fuels) consumed around 45% of global ‎energy in 2018, with the non-combusted use of fuels accounting for an additional 5% or so. 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