The BP Statistical Review of World Energy provides high-quality objective and globally consistent data on world energy markets. In this edition, we note that growth in global primary energy consumption remained low in 2016; and the fuel mix shifted away from coal towards lower carbon fuels. Energy markets were buffeted by two separate forces: the continued adjustment to the short-run cyclical shocks that have rocked energy markets in recent years, particularly the oil market; and the growing gravitational pull of the longer-run energy transition that is under way. 2016 was a year of both short-run adjustments and long-run transition, and this year’s Statistical Review shines a light on both influences.
About the Speaker: Dr. Kaushik Deb is an economist at BP in India where he is responsible for overseeing the analysis of natural gas markets in Group Economics, with a focus on LNG markets. Before BP, Kaushik was a Director at IDFC. He has two decades of research, consulting and teaching experience in a variety of infrastructure sectors, including sector restructuring studies, energy-environment-economy modeling, energy and environmental economics. Dr. Deb holds a D.Sc. in Applied Economics from ETH, Zurich and an MA in Economics from the Delhi School of Economics.
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