Country Wise Review |
Review by energy type | ||||||||||||||||||||||||||||||||||||||||
Detailed analysis of the various energy markets This section examines the different sectors of the energy market. Each of the energy sectors listed below provides a brief overview of data presented in the Review, along with tables, maps and charts relating to the consumption, production and proved reserves of each fuel type.
2004 was a year of rising energy prices and growing concern in many parts of the world about the security of future supplies. At $38 per barrel (Brent), the average oil price for the year was almost $10 above the 2003 level. The increase was driven mainly by demand growth, particularly in Asia, where Chinese consumption rose by 900,000 barrels per day (b/d) – almost all of which was accounted for by imports. Globally, with economic growth at a 15-year high, demand for oil grew by 2.5 million b/d... |