Data extracted in April 2018.
Dr Fatih Birol, the IEA’s Executive Director, arrived in New Delhi on Wednesday for an official visit to meet with government leaders and participate in the 16th International Energy Forum Ministerial.
Political uncertainty in the Middle East has returned to the fore in recent days. As we write, uncertainty about the next steps in Syria and Yemen have helped propel the price of Brent crude oil back above $70/bbl. It remains to be seen if recently elevated prices are sustained and if so what are the implications for the market demand and supply dynamics.
OECD net electricity production grew by 0.8% compared to 2016 according to IEA monthly data, natural gas production across the OECD rose by 2.4% in 2017 compared to 2016 and the total OECD annual production of crude oil, NGL, and refinery feedstocks increased by 2.6% in 2017 compared to 2016.