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Venezuela is the forgotten loser of 2018

There have been many unfulfilled expectations and disappointments in the energy market during 2018. At the beginning of the year I listed four issues for readers to watch.

• Renewables, despite continuing price falls, have failed to break through. Hydrocarbons remain entrenched as the dominant source of energy supply. 

• China’s shift to a lower carbon economy has slowed down. Coal use has increased again after two years of decline and, as a result, emissions have grown. 

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