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            • Oil Market Report - June 2026

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                Buildings Technology collaborationTechnology collaboration

                Innovation activities relating to efficiency gains in buildings, such as heat pumps, district heating and cooling and energy storage

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                G20 International collaborationsInternational collaborations

                A global forum of major economies The G20 is a global forum of major economies (Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, and the United States of America) and the European Union. It was started as a meeting of Finance Ministers in 1999 but was later elevated to a Leader’s meeting at the Washington Summit in 2008. The G20 discusses and respon...

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                Energy Data Centre (EDC) online training TrainingTraining

                Background information Understanding the methods used to produce accurate data is vital to producing the meaningful energy statistics that help guide energy industry and policy makers. The world-recognized global energy statistics of the IEA are the result of its abundant data resources and a powerful team of experts.The IEA Energy Data Centre has designed a bi-annual virtual training course to teach the essential definitions, methods and tools for developing and reporting a wide range of compr...

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                Mission Innovation International collaborationsInternational collaborations

                Working to reinvigorate and accelerate global clean energy innovation Mission Innovation (MI) is a global initiative of 24 countries and the European Commission (on behalf of the European Union) working to reinvigorate and accelerate global clean energy innovation with the objective to make clean energy widely affordable. MI was announced at COP21 on 30 November 2015, as world leaders came together in Paris to commit to seek to double their governmental and/or state-directed clean energy re...

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                Data and statistics

                Energy data collection and training is at the heart of the IEA’s work IEA: A Global Authority on Energy Statistics Consistent, accurate and timely energy data and statistics are fundamental to developing effective energy policies and advancing global energy security, affordability and sustainability. The IEA is the world’s most authoritative and comprehensive source of energy data, supporting governments, industry, investors, researchers, civil society and other decision makers around the world....

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                Asian Development Bank International collaborationsInternational collaborations

                Supporting economic and social growth across Asia The Asian Development Bank is an international development finance organisation supporting economic and social growth across Asia.In 2007, the Asian Development Bank and IEA held joint workshops and cooperated on events such as the first Methane to Markets Partnership Conference and Expo in 2007 that took place in China. More recently, in 2017 the IEA and the Asian Development Bank expanded their co-operatio...

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                United Kingdom 2021 International collaborations - G7International collaborations - G7

                IEA Contributions to the G7 G7 Summit, Carbis Bay, 11-13 June At the G7 Summit in Cornwall, England in June 2021, the leaders of Canada, Germany, France, Italy, Japan, the United Kingdom, and the United States – plus the European Union – committed to reach “an overwhelmingly decarbonised” power system in the 2030s and net zero emissions across their economies no later than 2050.Under the UK Presidency, the G7 issued a communiqué in which it set out its net zero commitments and called on all coun...

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                Structure

                The IEA is an autonomous inter-governmental organisation within the OECD framework Governance The Governing Board is the decision-making body of the IEA. It has a Chair and three vice-Chairs, who, together, compose the Bureau. The administrative Secretariat is led by the Executive Director who is appointed by the Governing Board every four years. The Governing Board is composed of energy ministers or their senior representatives from each IEA Member country. The Governing Board at ministeri...

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                Strait of Hormuz Oil security and emergency responseOil security and emergency response

                Factsheet Last updated: February 2026 Overview The Strait of Hormuz is a narrow sea passage, separating the Arabian Peninsula and Iran, and connecting the Persian Gulf with the Gulf of Oman and the Arabian Sea. At its narrowest point, the Strait is only 29 nautical miles wide (54 km) and it consists of 2-mile-wide navigable channels (3.7 km) for inbound and outbound shipping as well as a 2-mile-wide buffer zone. The Strait of Hormuz, through which an average of 20 million barrels per day (mb/d) ...

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