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IEA calls oil and natural gas outlook very uncertain as economic crisis hits markets: Oil prices may be rebounding; Gas demand dips for first time in 50 years
29 June 2009
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Read presentation on Medium-Term Oil Market Report...
Read presentation on Natural Gas Market Review 2009...

IEA and Indonesia Agree to Closer Energy Co-Operation
17 June 2009
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IEA urges use of cogeneration and district energy for global energy security and climate change mitigation
27-28 May 2009
IEA Executive Director Nobuo Tanaka, together with Dr. R.K. Pachauri of the IPCC, joined several high-level government ministers at the carbon capture and storage (CCS) conference in Bergen/Norway. They cited the urgent need for CCS full-scale demonstration to achieve climate change mitigation goals, and toured Norway’s Sleipner, one of the pioneering CCS projects that has successfully injected CO2 since 1996. To read Mr. Tanaka’s key messages, click here. See also the IEA CCS page.

IEA expects energy use by new electronic devices to triple by 2030 but sees considerable room for more efficiency
13 May 2009
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Read Mr. Tanaka's presentation...
Read Mr. Waide's presentation...

IEA urges use of cogeneration and district energy for global energy security and climate change mitigation
21 April 2009
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IEA sees China lead the way in developing new cleaner coal technologies
20 April 2009
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For more, see our News Archive

Forthcoming Publications

09 September 2009
Electricity Transmission: Getting the Best Investments
(Autumn 2009)

25 September 2009
Energy Technology Transitions for Industry (date to be fixed)
Strategies for the Next Industrial Revolution

Latest Publications

01 July 2009
Energy Balances of OECD Countries
2009 Edition

01 July 2009
Energy Statistics of OECD Countries
2009 Edition

IEA in the Press

Platts, 30 June 2009

IEA warns of overhang in oil refining capacity In its Medium-Term Oil Market Report 2009, the IEA warned that additions to global refining capacity in coming years are likely to create a substantial overhang and could prompt some refineries to close. In view of a weak oil demand, the Head of the IEA Oil Markets Division David Fyfe believes that weaker utilisation rates would cause “a real squeeze” on refineries in OECD countries. “We seem to be heading back into boom and bust in the refining sector”.

Reuters, 30 June 2009

Europe needs easier gas flow Referring to the remaining tensions between Russia and Ukraine over gas deliveries, Ian Cronshaw, Head of the IEA Energy Diversification Division, recommended an improved European gas network as a way to limit the impact of potential supply disruption. In a Reuters interview, he said: “In North America gas moves freely and quickly, but it’s not the case in Europe.” Despite a new contract between Russian gas exporter Gazprom and Ukraine’s Naftogaz, the difficult economic situation in Ukraine makes every monthly payment a challenge; the IEA is therefore concerned about a possible interruption in Europe’s gas supply.

Wall Street Journal, 12 June 2009

IEA sees slight increase in 2009 oil demand Referring to the slight upward revision of the oil demand forecast in the June IEA Oil Market Report, the Wall Street Journal quotes David Fyfe, head of the IEA Oil Industry and Markets division, as saying, “It’s a fairly modest revision.” […] “Some first and second quarter [macroeconomic] data is slightly healthier than we expected, but it’s still very early days”. In its report the IEA projects global crude demand this year to rise by 120,000 mbd to 83.3 mbd, an increase signalling hope but not necessarily implying the beginning of a global economic recovery.

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