Global energy investment in 2017 totalled almost $1.8 trillion, accounting for 2.2% of global GDP

Energy markets focus on the trade and supply of electricity, gas and liquid fuels. They consist of three main elements: generation or production, transmission and distribution, and supply. Once electricity is generated or gas and oil is produced, it is sold on the wholesale market to suppliers, who sell it on to consumers and arrange for its delivery. It is distributed to homes and businesses through transmission and distribution systems. Depending on a country’s government policy, these elements of energy markets may be nationalised or privatised. Energy markets are closely regulated to ensure secure access to energy at fair prices, since energy is a necessity for sustained economic output and human welfare. Energy markets in the UK are privatised and regulated by the Office of Gas and Electricity Markets (Ofgem), which is responsible for protecting the interest of consumers by promoting fair competition. UK energy markets have recently experienced significant changes due to diversification of electricity generation through the rise of renewable energy sources, as well as the addition of many new suppliers.

Around the world, investments in the energy system are shifting, with increasing funds flowing into renewables, grid flexibility mechanisms, and low carbon transport. An appropriate policy and regulatory environment is required for continued investment towards a low carbon economy while maintaining energy security. The low carbon transition often requires the government to drive and guide private spending since investments in low carbon energy infrastructure are often capital-intensive and require long-term returns. There is growing need for new market structures to be defined and existing ones to play different roles in order to encourage low carbon investments across all sectors of energy, while also keeping the energy system stable and conventional sources flowing. Increased interconnection is also an option for moving towards more sustainable and cost-effective energy systems; integration of national energy systems through cross-border infrastructure can redefine investment agendas.

For the latest news and articles on energy pricing read Petroleum Review.

Learn more about markets and investment by reading our Energy Insights.

View upcoming finanace and investment consultations and policies on our Policy Milestones Calendar.

What's new?

New, fossil-free liquid fuels for the UK heating market?

1-04-2020
It is still unclear how the decarbonisation of the UK heat sector is to be achieved, but there will be no room for fossil fuels. Here, Colin Sutherland argues that a new generation of clean liquid fuels could at least replace the oil currently burned in many rural homes and some businesses, and mayb...

Read more »

Chemical and oil companies to slash capex, slowing investment wave

23-03-2020
In the wake of the coronavirus and collapse in crude oil prices, chemical, and oil and gas, and midstream companies will all slash capital spending (capex) for growth projects to preserve cash. As a result, the US and global chemical investment wave looks to slow considerably in the years ahead, wri...

Read more »

OFS sector faces bankruptcies as Covid-19 slashes $5bn off the market

17-03-2020
Around 20% of Europe’s mid- and small-sized oilfield service (OFS) companies, the vast majority of which are British or Norwegian, are set to become insolvent as the effect of the Covid-19 epidemic will hit the continent’s OFS market hard and cut purchases by about $5bn year-on-year, a Rystad Energy...

Read more »

Continued coronavirus impact on global fuel markets

12-03-2020
In its latest report calculating the effect of the coronavirus on the global fuel markets in light of increasingly stringent travel restrictions and quarantine obligations around the world, Rystad Energy now forecasts that global oil demand will see a decrease of 0.6%, or 600,000 b/d, year-on-year. ...

Read more »

OPEC+ and Russia’s ‘no deal’ shocks the oil markets

11-03-2020
The oil markets were shaken further on 6 March and oil prices plummeted after talks between Opec+ and Russia on whether to cut oil production in the wake of the coronavirus outbreak collapsed, with no agreement made. Russia rejected calls to cut production by a proposed 4%. Although Saudi Arabia had...

Read more »

Events and training

Oil and Gas Industry Fundamentals - Awareness - September 2020

10-09-2020
This 2-day awareness training course provides delegates with an overview of principal activities in the international upstream, midstream and downstream petroleum industry.

Read more »

Introduction to LNG - November 2020

9-11-2020
This 2-day training course provides an introduction to the LNG chain. Suitable for students who are new to the LNG sector and/or those with a non-technical background.

Read more »

CQRM - Certified in Quantitative Risk Management - November 2020

16-11-2020
20% off for all of March - please enter promo code HSRM20 when bookingThis 4-day CQRM - Certified in Quantitative Risk Management training course will teach delegates how to acquire updated and practical knowledge in risk management from a quantitative approach to measure, analyse and make decisions...

Read more »

Economics of the Oil and Gas Industry - November 2020

23-11-2020
A 2-day introduction to the economics of the oil and gas industry. This course is suitable for students who are new to the oil and gas industry.

Read more »

Technical guidance publications

Proceedings of the 20th World Petroleum Congress. Energy Solutions for All: Promoting Cooperation, Innovation and Investment. 4-8 December, 2011, Doha, Qatar

2012
/* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin-top:0cm; mso-para-margin-right:0cm; mso-para-marg...

Read more »

Financial investment in energy efficiency

2008
Taken from Croner's Energy Management loose-leaf manual, this 30-page module identifies a number of accountancy techniques to help energy managers quantify potential savings by investing in energy efficiency. It outlines the basic principals of investment appraisal, explains the barriers to investin...

Read more »

Visit our publishing site »

You may also be interested in