Sharp rise in crude oil production in the USA.
In December 2018, the OPEC and Russia agreed to jointly reduce crude oil production to put a downward pressure on oil prices and limit the global glut. Under this OPEC+ agreement (as of January 2019, extended and strengthened in 2020), crude oil production declined by 4.9% in Saudi Arabia and stabilised in Russia (+0.8%), whereas Nigeria kept on raising its production (+4.8%).
International prices steadied but remained below their 2018 levels (-10% for the Brent, at US$64/bbl), as crude oil production in the USA set a new record (+11%) thanks to a boom in non-conventional output (mainly in the Permian region) and new projects coming online. This surge in US oil production widened the gap with Saudi Arabia, with the US producing 37% more oil than Saudi Arabia in 2019.
The Middle East experienced an overall decline (-6.1%), due to rising regional tensions, culminating in a drone attack in Saudi Arabia, and sanctions against Iran, where oil production fell by 34%. Similarly, oil production in Latin America dipped (-5.2%), due to political issues including the US sanctions in Venezuela (-32%) and the continuous decline in Mexico’s output (-7%), and despite a 7% growth in oil production in Brazil (surging pre-salt production).
According to the Spanish wind association Asociación Empresarial Eólica (AEE), Spain’s installed wind capacity increased by 1,720 MW in 2020 and reached 27,446 MW at the end of 2020. In 2020, the autonomous communities with the largest wind capacity additions were Aragón (+1,051 MW to 4,159 MW), followed by Navarra (+263 MW to 1,302 MW), Castilla y León (+216 MW to 6,300 MW), Castilla La Mancha (+65 MW to 3,885 MW), Canary Islands (+29 MW to 450 MW), Andalusia (+24 MW to 3,478 MW) and Galicia (+24 MW to 3,829 MW). In total, there are 1,267 wind farms in Spain, with 21,431 installed wind turbines and wind power accounted for 21.9% of the electricity consumed in 2020.
According to the French Renewable Energy Association, France’s installed renewable capacity, including hydropower, increased by more than 2 GW in 2020 (+1,105 MW of wind and +820 MW of solar) and reached 55.9 GW at the end of 2020. Hydropower capacity accounting for over half of the capacity, with 25.7 GW, followed by wind (17.6 GW), solar (10.4 GW) and bio-energies (2.2 GW). Renewable accounted for 26.9% of electricity consumption in mainland France in 2020, compared to 23.1% in 2019. This increase is due to a higher renewable production of 120.7 TWh (+10.4% compared to 2019) and to a lower electricity consumption due to the public health situation.
According to the Brazilian wind association ABEEólica, Brazil had 17.7 GW of installed wind capacity at the end of 2020 (up from 928 MW at the end of 2010), with 695 wind power plants and more than 8,300 wind turbines. In 2020, Brazil installed nearly 2.3 GW of wind capacity. Most of Brazil’s installed wind capacity is located in Nordeste, with, most notably, 5.2 GW in Rio Grande do Norte, 4.9 GW in Bahia, 2.3 GW in Piauí and 2.2 GW in Ceará.
ABEEólica expects the Brazilian wind capacity to increase by nearly 11 GW by 2024, when it should reach 28.7 GW.
According to the Irish wind association Wind Energy Ireland, wind power generation increased by 13% to over 10.7 TWh in 2020 and accounted for 36.3% of electricity demand in Ireland. Eight new wind plants were connected with a combined capacity of 135 MW, raising the installed wind capacity to 4,255 MW at the end of 2020. In addition, the authorities confirmed planning permissions for seven new wind power plants with a total capacity of 307 MW.