The IEA was founded in response to the 1973/4 oil crisis in order to help countries co-ordinate a collective response to major disruptions in oil supply through the release of emergency oil stocks to the markets.
When it was founded, the main objectives of the IEA were:
While these remain key aspects of its work, the IEA has evolved and expanded over the decades. It is at the heart of global dialogue on energy, providing authoritative statistics and analysis. The IEA examines the full spectrum of energy issues and advocates policies that will enhance the reliability, affordability and sustainability of energy in its 29 members countries and beyond.
Key historical documents
40 years of International Energy Agency history is shown in this presentation: