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BP's 2019 Statistical Review Of World Energy: Comprehensive Global Energy Data And Analysis.pdf

bp-stats-review-2019-full-report.pdf
Preview of BP's 2019 Statistical Review of World Energy: Comprehensive Global Energy Data and Analysis
🔗 Source: bp.com
📊 Size: 7.66 MB
👤 Author: BP
⬇️ Downloads: 73

Summary

The 68th edition of the BP Statistical Review highlights critical challenges and developments in global energy dynamics. Key findings include:

- Increased Energy Demand: Global primary energy consumption grew by 2.9% in 2018, driven primarily by natural gas and renewables, but overall outpacing the 10-year average of 1.5%.

- Electrification and Carbon Emissions: Despite rapid growth in renewable energy, it accounted for only a third of the increase in power generation, with coal contributing significantly. This led to the highest rate of carbon emissions growth in seven years (2.0%).

- US Shale Revolution: The US recorded substantial increases in both oil and natural gas production, largely from onshore shale plays.

- Renewable Energy Growth: Renewable energy, particularly wind and solar power, continued its rapid expansion, outpacing other fuel sources.

- Regional Leaders: China, the US, and India collectively accounted for over two-thirds of global energy demand growth.

- Oil Market: The average annual oil price (Dated Brent) rose to $71.31/barrel in 2018 compared to $54.19/barrel in 2017, with China and the US leading oil consumption growth.

- Urgency for Transition: The review emphasizes the urgent need for a low-carbon energy transition, highlighting that current progress is insufficient to meet Paris climate goals. It underscores the importance of diverse technologies and fuels, including coal-to-gas switching and CCUS, in achieving decarbonization.

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Description

The 68th edition of BP's Statistical Review of World Energy (2019) offers extensive online resources, including interactive tools, historical data back to 1965, and additional data points for various energy sources. It provides customizable charts, factsheets, and multimedia content accessible via the BP World Energy app.

Technical Information

  • File Format: PDF
  • File Size: 7.66 MB
  • Pages: 64
  • Language: EN
  • Author: BP
  • Total Downloads: 73
  • Last Updated: 3 weeks ago

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