Aenert news. Energy Market & Energy StatisticsAccording to recently published Eurostat data, the EU GDP grew by 0.3% in the second quarter of this year compared to the previous quarter and by 0.7% compared to the same quarter last year. Significant GDP growth continues after the minimum values in 2023Q3. Of course, first of all, we should pay attention to the state of the GDP in Germany, as the largest...
Aenert news. Energy CompaniesThe second quarter of each year is a good time for solar power, when generation in the most populated northern hemisphere increases sharply after short, cloudy winter days. According to our calculations from the Ember analytical center database, global electricity demand in 2024Q2 was approximately 7,095 TWh, which is 4.5% more than in the same period last year. The...
Aenert news. Energy CompaniesWind power continues to expand quite confidently in the global electricity market despite the very difficult financial situation of many companies. According to statistics from the Ember analytical center, in the second quarter of 2024, the global demand for electricity amounted to 7093 TWh, which is 4.5% more than in the same period last year. At the same time,...
Aenert news. Energy CompaniesCanada has huge oil reserves, the volume of which exceeds 160 billion barrels. However, the basis of these reserves is oil sands. At the same time, to obtain oil of traditional quality from this raw material, special expensive technologies are required. This significantly increases operating costs compared to the extraction of traditional oil. Therefore, the...
Aenert news. Energy Market & Energy StatisticsEurostat has presented statistical data on the production and consumption of electricity and heat generated in the European Union. Although these materials mainly relate to the end of 2022 and only partially cover the previous year, the trends observed in them are undoubtedly important. This primarily concerns the ratio of electricity generation from renewable...
Aenert news. Energy Market & Energy StatisticsThis commentary provides brief statistical indicators of the Chinese economy for the second quarter of this year, published by The National Bureau of Statistics of China and mainly related to energy. Of the list of general economic indicators, the most important is the dynamics of change in Gross Domestic Product. Traditionally, the Chinese statistical office uses...
Aenert news. Energy CompaniesU.S. crude oil and natural gas production remained relatively strong in 2024Q2, although they did not exceed last year’s peak. According to the U.S. Energy Information Administration’s Short-Term Energy Outlook-August 2024, oil production in the second quarter of this year was 13.2 million barrels per day, up 2% from the previous quarter and nearly 3.5% from a year...
Aenert news. Energy CompaniesHalliburton, Schlumberger and Baker Hughes released their second-quarter financial statements in July. Below is a brief excerpt from those materials. Each of them specializes mainly in the development of highly efficient technologies and equipment for oil and gas exploration and production, decarbonization of the industry, as well as ensuring a sustainable energy...
Aenert news. Energy Market & Energy StatisticsEurostat published statistics on production and consumption of hard coal and brown coal in the EU. In general, over the last 30 years, a steady downward trend in coal production and consumption can be observed. Compared to 1990, hard coal production in the EU decreased from 277 to 50 million tons, a drop of 82%. Hard coal consumption was 128 million tons in...
Aenert news. Energy Market & Energy StatisticsAccording to Eurostat, in the first quarter of 2024, the GDP of EU countries grew by 0.3% compared to the previous quarter, which is the highest achievement over the past year. Moreover, this figure increased by 0.5% when compared with the same quarter last year. Among the largest economies of the EU countries, Spain demonstrated relatively good results, where the...
