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Oil Market Report - October 2025
…approximately $11/bbl year-to-date. Stocking up The oil market has been in surplus since the start of the year, but stock builds have so far been concentrated in crude in China and gas liquids in the United States. By September, however, a surge in Middle East production, coinciding with seasonally lower regional crude demand, boosted exports to two and a half-year highs. This, combined with robust flows from the Americas, swelled oil on water in September by a massive 102 mb, equivalent to 3.4 mb/d, the largest increase since the Covid-19 pandemic. Brent cru...
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Electricity Mid-Year Update 2025
…economic growth prospects, the world’s electricity consumption increased strongly in the first half of 2025, driven by rising demand from industry, appliances, cooling, data centres and electrification. At the same time, electricity supply from renewables, natural gas and nuclear continues to grow, with all set to reach new milestones.This mid-year update follows the extensive Electricity 2025 report released in February, examining the latest trends and the outlook for the remainder of the year. It includes updated data for 2024 along with new forecasts for 2025 and 2026 covering areas such as global electricity demand, supply by fuel…
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National Climate Resilience Assessment for Mozambique
…caused power outages for more than 150 000 customers due to damage to the electricity network, substations and transformers. Enhancing monitoring and early warning systems, interconnecting Mozambique’s northern and southern grids, modernising and hardening grid infrastructure could enhance the power systems’ resilience to these disruptions and enhance operators’ ability to more quickly respond to outages. In Mozambique, climate change is projected to further increase seasonal variability of precipitation, amplifying the risk of droughts and floods. The increase in variability may pose a threat to the country’s hydropower generation, which accounts for over 80% of the country’s electricity generation…
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Global Energy Review 2025
…natural gas, coal, renewables and nuclear power. This growth was led by the power sector, with demand for electricity rising almost twice as fast as wider energy demand due to higher demand for cooling, rising consumption by industry, the electrification of transport and the growth of data centres and artificial intelligence. Nearly all of the rise in electricity demand was met by low-emissions sources, led by the record-breaking expansion of solar PV capacity, with further growth in other renewables and nuclear power. Gas demand also picked up substantially, while oil and coal consumption increased more slowly than in…
- Key findings
- Global trends
- Oil
- Natural gas
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Energy security
…lower the impact of heatwaves on peak demand by 20% by 2030 and help reduce the risk of blackouts. Key analysis Energy efficiency policies in different sectors have been effective in reducing fossil fuel imports. In the European Union, the strongest reduction was in gas imports, driven by strong energy efficiency improvements in the industrial sector. Meanwhile, in Japan the strongest reductions were in oil imports, due to some of the most stringent fuel economy standards both for passenger and commercial vehicles. A closer look at electricity security Energy efficiency and demand response policies can also contribute to electricity security…
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Grid investments
…years to build on average, depending on technology, or over a decade for nuclear. Key analysis IEA analysis of nine major regions shows that increasing electricity generation and grid capacity by one terawatt-hour (TWh), will require investments of USD 30 to 110 million in emerging economies and USD 75 to 150 million in advanced economies. In order to save the same amount of electricity, energy efficiency measures would cost only between USD 10 million and 50 million. A closer look at grid management The deployment of energy efficiency measures typically requires less time than the implementation of most new generation and grid infrastructure. On average…
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The Future of Electricity in the Middle East and North Africa
…of the top contributors to global electricity demand growth. The region’s climate, characterised by extreme heat and water scarcity, implies that reliable and resilient electricity systems are integral to meeting soaring demand for cooling and water desalination. This outlook provides an unprecedented regional overview of demand patterns for cooling and water desalination including country-level data.How countries across the region meet this increased demand will have profound implications for the region’s economic future but also for global energy markets. This report also explores the challenges and opportunities to sustainably meet electricity demand growth by exploring the potential…
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Powering Ireland’s Energy Future
…while ensuring secure electricity supply to 2035.This report assesses the outlook for Ireland’s energy security to 2035, drawing on international experience and detailed power system modelling developed with EirGrid, Ireland’s transmission system operator. The Adapted Transition Pathway illustrates how climate, energy and socio-economic goals align around the electricity system, potentially doubling demand and requiring faster infrastructure delivery and deployment of renewables. We find that there is a clear need to establish a unified cross-sectoral energy strategy to set a vision that guides this transition, supported by a detailed security study on the electricity supply mix…
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Coal Mid-Year Update 2025
Coal’s role in the global energy system today remains significant. Over the past decade, the world’s demand for coal has stayed relatively stable, apart from a temporary drop during the Covid-19 pandemic and the rapid rebound that followed. Today, global coal consumption, power generation, production and trade are all at record levels.In many countries, coal continues to be the leading source of electricity generation, helping to meet growing energy needs. These trends carry major implications for energy security, affordability and sustainability, especially as coal remains the single largest contributor to energy-related carbon dioxide emissions. While…
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Energy and AI
…energy – specifically electricity for data centres. At the same time, AI could transform how the energy industry operates if it is adopted at scale. However, until now, policy makers and other stakeholders have often lacked the tools to analyse both sides of this issue due to a lack of comprehensive data. This report from the International Energy Agency (IEA) aims to fill this gap based on new global and regional modelling and datasets, as well as extensive consultation with governments and regulators, the tech sector, the energy industry and international experts. It includes projections for how much electricity AI could…
