Annual report issued by the International Energy Agency. This newest report examines the critical role of price for crude oil in "rebalancing" supply and demand. The authors note the process of rebalancing (getting to higher prices) is rarely a smooth adjustment. Indeed! In the central scenario of this year's report, a tightening oil balance leads to a price around $80 per barrel by 2020--just five short years away.
1. World
OutlookEnergy
2015
For more information, please visit: www.worldenergyoutlook.org
World
OutlookEnergy
2015
Together
Secure
Sustainable
E X E C U T I V E
S U M M A R Y
Big questions abound in global energy in 2015:
n Could oil prices stay lower for longer? What would it take for this to happen
and what would it mean for energy security and for the energy transition?
n India is set for a period of rapid, sustained growth in energy demand: how
could this re-shape the energy scene?
n What do new climate pledges mean for the way that the world meets its
rising needs for energy?
n What are the implications of the rising coverage of energy efficiency
policies and the growing competitiveness of renewables?
n Is the unconventional gas revolution going to go global or to remain a
North American phenomenon?
These issues – and many more – are discussed here, with a special focus on
India accompanying the customary, in-depth WEO analysis of the prospects
for all fossil fuels, renewables, the power sector and energy efficiency
around the world to 2040.
WEO_2015_ES_Cover_English.indd 1-2 21-10-2015 10:31:39
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12. World
OutlookEnergy
2015
For more information, please visit: www.worldenergyoutlook.org
World
OutlookEnergy
2015
Together
Secure
Sustainable
E X E C U T I V E
S U M M A R Y
Big questions abound in global energy in 2015:
n Could oil prices stay lower for longer? What would it take for this to happen
and what would it mean for energy security and for the energy transition?
n India is set for a period of rapid, sustained growth in energy demand: how
could this re-shape the energy scene?
n What do new climate pledges mean for the way that the world meets its
rising needs for energy?
n What are the implications of the rising coverage of energy efficiency
policies and the growing competitiveness of renewables?
n Is the unconventional gas revolution going to go global or to remain a
North American phenomenon?
These issues – and many more – are discussed here, with a special focus on
India accompanying the customary, in-depth WEO analysis of the prospects
for all fossil fuels, renewables, the power sector and energy efficiency
around the world to 2040.
WEO_2015_ES_Cover_English.indd 1-2 21-10-2015 10:31:39