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How the crisis is reshaping energy investment
…report projects that global energy investment will reach $3.4 trillion in 2026, a slight increase year-on-year. Around $2.2 trillion is expected to go towards grids, storage, low-emissions fuels, nuclear, renewables, efficiency and electrification in 2026, while around $1.2 trillion is set to be invested in oil, natural gas and coal.
Despite higher oil prices, oil investment is expected to decline for a third consecutive year in 2026. The report finds that uncertainty over the duration of the price spike, long project lead times, supply chain constraints and tighter offshore rig markets are limiting near…
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How the global landscape for energy investment is changing
…To better understand how investment choices impact energy security, our analysis looked back over the past decade. It found that cumulative investments in efficiency, electrification, biofuels and electricity generation from renewables and nuclear together avoided over $260 billion in fuel import costs among energy importing countries and regions in 2025.
Another major trend has been the falling cost of key energy technologies, led by battery storage systems and solar PV, which have seen costs decline by nearly 80% since 2015 thanks to innovation and growing markets. If the costs of technologies across the energy system had remained where they stood…
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Tackling rare earth supply risks
…dysprosium and terbium, which are used in these magnets. Today, China accounts for around 60% of global mined production of these elements – and its share of refining for them is above 90%. The country also accounts for almost 95% of permanent magnet production.
When a single country controls the supply chain for a fuel, material or technology, it creates significant energy and economic security risks. For rare earths, this came into clear view last year, when China introduced export controls on numerous rare earth elements, as well as on related compounds and magnets. This resulted in significant short-term disruptions…
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7 certainties about energy for this age of uncertainty
…hazards affecting the security of oil and gas supplies are now accompanied by vulnerabilities in other areas – including electricity security and critical minerals.
States are taking the reins. As energy is elevated to a matter of economic and national security, so governments are increasingly intervening to shape outcomes, rather than leaving them to the market.
We are shifting to a ‘buyer’s market’ for key fuels and technologies. Oil prices have already come under pressure because of relatively abundant supply, and the same will soon be true in natural gas markets. There is also ample manufacturing capacity for batteries…
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Contending with the effects of the energy crisis
…Germany's Minister of Economic Affairs and Energy Katherina Reiche to discuss the latest developments in oil and gas markets, including the availability of refined products in Europe and internationally. And he met with https://x.com/fbirol/status/2047259183498789047?s=20 Germany’s Environment, Nature Conservation and Nuclear Safety Minister Carsten Schneider on the impacts of the Middle East conflict and the outlook for different fuels and technologies.
While in Berlin, our Executive Director addressed the high-level segment of the Petersberg Climate Dialogue, which was led by Chancellor Merz. Dr Birol’s remarks focused on the current energy crisis…
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IEA responding to major global energy security threat
…stock release; 10 options to ease price pressures on consumers; assessing the impacts on oil markets; a new podcast episode unpacking the IEA collective action; Romania’s request to join the IEA; and more ...
Newsletter of the International Energy Agency
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Welcome back to the Energy Mix. In today's edition: The latest on the energy crisis stemming from the Middle East conflict and our emergency oil stock release; 10 options to ease price pressures on consumers; assessing the impacts on oil markets; a new podcast episode putting the stock release in context; Romania…
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A deepening crisis in oil markets and beyond
…the steepest losses are concentrated in the petrochemical sector, where feedstock availability is becoming increasingly constrained. Aviation activity is also running well below normal levels. The report sees higher prices, a deteriorating economic environment and demand-saving measures further weighing on global oil consumption in the months ahead.
Read the report https://www.iea.org/reports/oil-market-report-may-2026 and learn more about the energy crisis and the IEA's response, visit our dedicated topic page https://www.iea.org/topics/the-middle-east-and-global-energy-markets. We also launched a new interactive data tool https://www...
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What’s driving the surge in energy jobs?
…jobs added worldwide over that period.
Within the energy industry, the electricity sector is leading the way, accounting for nearly three-quarters of employment growth between 2019 and 2024. Today, it ranks as the top employer of energy workers, overtaking fuel supply in recent years.
The expansion of low-emissions power generation – from technologies such as solar panels, wind turbines and nuclear plants – is a key driver of this trend, complemented by rapid hiring in grids and energy storage as the Age of Electricity https://www.iea.org/newsletters/energy-snapshot/17-11-2025/the-age-of-electricity-is-here…
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The energy crisis and electrification
…persist due to issues such as affordability, grid readiness or technology risk.
The IEA continues to track these developments around the world. At a recent high-level event in Bonn, the COP31 Presidencies of Türkiye and Australia announced that they had officially commissioned https://x.com/fbirol/status/2064427826934055184?s=20 the IEA to produce a special report this year on how to accelerate electrification in line with increasing electricity’s share of final energy consumption globally from around 20% today to 35% by 2035.
In the European Union, electrification is a central part of reaching goals on energy security, competitiveness…
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The energy implications of events in the Middle East
…expected to transform market dynamics. But markets remained tight in the first two months of 2026, and depleted storage coming out of the heating season in the Northern Hemisphere is set to increase the call on LNG in the months ahead.
An extended loss of output from the Ras Laffan facility in Qatar could significantly exacerbate this market tightness. Production was shut down following an Iranian attack on the facility on 2 March.
The IEA is continuously assessing the energy security implications of the current situation in coordination with governments around the world.
For more information, we have a dedicated…