International Energy Outlook 2014 For Columbia University Center on Global Energy Policy September 22, 2014 Washington, D.C. By Adam Sieminski, Administrator U.S. Energy Information Administration U.S. Energy Information…
Key takeaways IEO 2014 examines long-term global petroleum and other liquid fuels markets in this shortened IEO release IEO2015 will return to full version Three price scenarios examine a range of potential interactions of supply,…
Results from the IEO2014 Reference case World petroleum and other liquid fuels use increases by 38% between 2010 and 2040, all in the non-OECD Developing Asia (including China and India) and the Middle East account for 85% of the…
The IEO2014 uses the same price paths as the AEO2014 North Sea Brent crude oil spot price 2012 dollars per barrel history 2012 projections 250 200 High Oil Price 150 Reference 100 Low Oil Price 50 0 1990 1995 2000 2005…
All of the growth in liquid fuels consumption occurs in the emerging non-OECD nations petroleum and other liquid fuels consumption, 1990-2040 million barrels per day history 2010 projections 90 Non-OECD 60 OECD 30 0 1990…
Non-OECD Asia and the Middle East account for 85% of the worlds growth in liquids consumption over the projection non-OECD petroleum and other liquid fuels consumption, Reference case, 1990-2040 million barrels per day history…
China, India, and the Middle East lead liquids demand growth liquid fuels consumption, Reference case million barrels per day select non-OECD select OECD 25 2010 2025 2040 20 15 10 5 0 China India Middle East United OECD…
Chinas use of liquid fuels exceeds the United States by 2035 liquid fuels consumption in China and the United States, Reference case million barrels per day history 2010 projections 25 United States 20 15 China 10 5 0…
Middle East use of liquids in the electric power sector declines, but still accounts for 12% of total consumption in 2040 Middle East liquid fuels consumption by end-use sector million barrels per day 12 Other Electric Power 9…
Supply composition changes more than demand across cases liquids consumption and production in three price cases, 2040 million barrels per day 125 Other Liquids OECD 100 75 Non-OPEC crude and lease condensate Non-OECD…
Over the projection, OPEC crude and lease condensate suppliers produce an additional 14 MMbbl/d petroleum and other liquid fuels production, Reference case million barrels per day history projections 60 53 50 46 non-OPEC crude and…
Future growth in OPEC crude and lease condensate production is centered in the Middle East OPEC crude and lease condensate production by region, Reference case million barrels per day 35 2010 2025 2040 28 21 14 7 0…
Most significant contributors to non-OPEC crude and lease condensate production: Canada, Brazil, U.S., Kazakhstan, Russia non-OPEC crude and lease condensate production, Reference case million barrels per day 24 2010 2025 2040…
We are cautiously optimistic in our revised Mexican liquids production outlook given the legislative changes underway Mexican liquid fuels production, IEO2014 and IEO2013 million barrels per day 4 IEO2014 IEO2013 3 2…
NGPL and biofuels account for most of the other liquid fuels world production of selected other liquid fuels, Reference case million barrels per day 15 12 2010 2025 2040 9 6 3 0 Gas-to-liquids Coal-to-liquids Biofuels…
EIA Reference scenario shows world tight oil production increasing to almost 8 million b/d in 2025 tight oil production million barrels per day history 2012 projections 10 World (IEO2014 Reference case) 8 6 U.S. (AEO2014 &…
Tight oil production will spread to nations outside of the United States and Canada over the projection tight oil production, Reference case million barrels per day 8 AEO2014 High Resource case 7 2010 2025 2040 6 5 5.0 MMbbl/d…
While the outlook for total liquids production is similar with IEA and OPEC, there are different perspectives on sources of supply petroleum and other liquid fuels production million barrels per day Other liquid fuels 2012 2035 Crude…
Areas of uncertainty in the outlook Chinas energy demand growth; particularly in transportation EIA is working with MIT and others to upgrade the structural and macroeconomic determinates of transportation demand in all regions for…
For more information U.S. Energy Information Administration home page www.eia.gov Annual Energy Outlook www.eia.gov/aeo Short-Term Energy Outlook www.eia.gov/steo International Energy Outlook www.eia.gov/ieo Monthly Energy Review…