Global Energy at a Glance

One of the most important trends of the global energy market in 2015 was the weak growth of energy consumption across the developed world. Thus, the aggregate energy consumption of OECD member states did not change as compared to 2014 while G7 countries even demonstrated 1% decline in energy consumption over 2015 with United States, Canada, and Japan being the main drivers of decline. On the contrary, energy consumption in European countries rebounded by 1.3% in 2015.

The trends across key energy sectors are as follows:

• In the oil sector, United States overtook Russia by the oil production and approached Saudi Arabia.
• Electricity demand in advanced economies saw a decline for the second consecutive year.
• Consumption of natural gas in the developing world fell slightly.