Energy Market & Energy Statistics

Eurostat presented preliminary data on energy commodities, estimating the dynamics of energy supply in the EU in 2021 compared to 2020. Overall, statistics show that in 2021 many EU countries saw a rebound in economic activity, which emerged after a long period of restrictive measures imposed to limit the spread of COVID-19 in 2020. For example, oil and petroleum products rose by 5% after a steep fall in 2020, and natural gas was the...

2021 was the most successful year ever for the offshore wind industry, according to the report released by GWEC (Global Wind Energy Council). 21.1 GW of new capacity was connected to the grid globally and stated global targets indicate that there could be more record years from 2025 onwards. China with 17 GW made up 80% of offshore wind capacity added worldwide in 2021, leading the world for the fourth year in a row. The remaining 20%...

The idea to use sunlight for energy production is not new. The first modern solar cell was invented in 1954 at Bell Laboratories, an American industrial research and scientific development company now owned by Finnish company Nokia. Sunrays hitting the surface of a photovoltaic (PV) cell can be reflected, absorbed or pass through the solar cell. This is enabled by the semiconductor material of which the cell is composed. Semiconductors...

The BP Statistical Review of World Energy analyses global energy market data for 2021 and shows that energy demand rebounded to roughly pre-pandemic levels, thus reversing the temporary decline in 2020 caused by the COVID-19. Moreover, the drastic drop in carbon dioxide emissions in 2020 was unfortunately a short-lived and temporary phenomenon, due entirely to pandemic constraints. The experts emphasize that the challenges and...

REN21's annual Renewable Energy Report documents the progress made in the renewable energy sector worldwide. This year's edition publishes data for the year 2021, while noting that in 2022 the world is facing the largest energy crisis in history, exacerbated by the Russian Federation's invasion of Ukraine. In this context, the task of increasing the share of renewable energy in total energy consumption becomes increasingly urgent for...

In its latest report, the World Bank argues that progress in reducing harmful gas flaring has stalled over the past decade, which could lead to a failure in meeting the much needed targets for carbon dioxide emissions and the energy transition. One of the main reasons leading to the stagnation is the increase in liquids production by many of the major producers at a marginally lower flaring intensity. The energy sector must...

Eurostat published statistics on greenhouse gas emissions classified by technical processes and by emitting economic activities. The five major emission source sectors include: energy including transport, industrial processes and product use, agriculture, land use and forestry, and waste management. The presented data comprises emissions from international aviation and exclude emissions or removals from land use, land use change and...

The BP Energy Outlook 2022 defines aspects of the energy transition focusing on three main scenarios: Accelerated, Net Zero and New Momentum, which illustrate a wide range of possible outcomes for the energy system to 2050. The scenarios deal with carbon emissions including CO2, emissions from energy production and use, industrial processes, as well as natural gas flaring and from the production of fossil fuels. In all three cases,...

The latest energy report from U.S. Energy Information Administration (EIA) provides a comprehensive view of how the U.S. energy system has developed from 1949 till January 2022. The paper records annual and monthly data sets on energy resources, including production and consumption by sector, trading rates and emissions indicators. Below we present a brief overview of the major changes over the last three years (2019-2021) for U.S....

Eurostat presented data on trade in energy products between the European Union and the rest of the world (extra EU trade) as well as between member states (intra-EU trade). The information includes findings from 2017 to 2021, focusing on Russia as the main supplier of petroleum oils and natural gas to the EU. As can be seen from the image below, EU energy imports began a downward trend from 78.4 million tonnes in 2018, reaching their...