Oil includes crude oil, condensates, natural gas liquids, refinery feedstocks and additives, other hydrocarbons (including emulsified oils, synthetic crude oil, mineral oils extracted from bituminous minerals such as oil shale, bituminous sand and oils from CTL and GTL) and petroleum products (refinery gas, ethane, LPG, aviation gasoline, motor gasoline, jet fuels, kerosene, gas/diesel oil, heavy fuel oil, naphtha, white spirit, lubricants, bitumen, paraffin waxes and petroleum coke).

IEA releases Oil Market Report for January

Economic outlook restrains impact of lower prices on demand, but refinery throughputs hit record high More »»

IEA releases Oil Market Report for December

Weaker outlook for oil-exporting countries to trim 2015 demand growth More »»

Estonia is cleansing oil shale

Country's environmentally savvy oil shale technologies may trigger a fresh look at the vast global reserves of this otherwise polluting fossil fuel. More »»

About oil

The IEA makes much of this information and analysis available to governments, industry and the public in its monthly Oil Market Report, through the associated Monthly Oil Data Service and, twice per year, in the Medium Term Oil Market Report (MTOMR).

For the latest Oil Market Report available to the public, click here.
For the latest Oil Market Report available to subscribers, click here.

For more information on oil and gas emergency policies in individual IEA member countries, click here


Our focus

The IEA follows short- and medium-term developments on the international oil market to help member governments respond promptly and effectively to changes in market conditions. The IEA prepares current oil market assessments from information submitted by IEA member and non-member countries, international oil companies and via an extensive network of market intelligence contacts. Issues covered include: oil exploration and production, oil demand by main product and sector, upstream and downstream investment levels, geopolitical developments, inventory levels, oil refining and international trade in crude and products.

Fast facts

  • 99.1 mb/dNew IEA annual medium-term oil outlook sees global demand rising by 1.3%/year to 99.1 mb/d in 2019
  • 2020Unconventional supply revolution redrawing global oil map will likely expand beyond North America by 2020 But headwinds strengthening vs OPEC capacity growth + gasoline, diesel markets face regional imbalances


Energy technology initiatives

All related initiatives