Sharp rise in crude oil production in the US.
OPEC members in June 2018 agreed to increase oil production to prevent a supply shortage and reduce prices after previous production cuts were deemed excessive and raised prices too much. This stabilised global prices, before rising again on anticipation of US sanctions on Iranian oil exports.
Crude oil production in the United States saw a significant increase as exploration and extraction of oil from its plentiful shale reserves grew, causing the largest ever annual increase by a single country. This was due to new projects coming online, a persistent demand for oil and higher prices (US$14 per barrel higher than 2017). Oil production also continued to increase in Russia, the Middle East (except Iran) and in Africa.
On the other hand, Latin America experienced an overall decline. Political issues mounting in Venezuela and, paired with sanctions from the United States, saw oil production drop 29%, equivalent to one third of the rise in the US. Similarly, Iranian oil production tumbled, down 7%, after international sanctions were reinstated.
According to the Ministry of New and Renewable Energy (MNRE) of India, renewable power capacity in India has exceeded the 80 GW mark, with 80,460 MW of renewable capacity operational as of 30 June 2019, including 29,550 MW of solar capacity and 36,370 MW of wind power capacity. In addition, power purchase agreements (PPAs) have already been signed for an additional 9.2 GW of solar power projects.
According to the Short-Term Energy Outlook (STEO) released by the US Energy Information Administration (EIA), energy-related CO2 emissions in the United States are expected to reverse their 2018 trend (+3%) and to decline by 2.2% in 2019. Energy-related CO2 emissions would decrease by 114 Mt in 2019 and most of the drop would come from coal-related emissions (-13%, i.e. -168 Mt); this would be the largest decline in CO2 emissions from coal since 2015. Coal-related CO2 emissions are expected to decline by a further 3.6% in 2020.
According to the latest carbon inventory submitted by the Chinese Ministry of Environment to the United Nations, greenhouse gas (GHG) emissions in China rose by more than 53% between 2005 and 2014, reaching 12.3 GtCO2eq in 2014. These estimates don't take LULUCF (land use, land use change and forestry) into account: according to the Ministry of Environment, total GHG emissions including LULUCF still would have risen by 17% between 2010 and 2014 to 11.2 GtCO2eq.
According to the US Energy Information Administration (EIA), the installed capacity of utility-scale (above 1 MW) battery energy storage systems (BESS) in the United States could reach 2.5 GW by 2023.