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China’s Official Energy Finance in Emerging and Developing Economies
…Global energy investment exceeded USD 3.3 trillion in 2025, but capital flows remain uneven. Emerging market and developing economies (EMDE) outside China attracted just 27% of total energy investment and 18% of clean energy spending, despite accounting for nearly two-thirds of the global population and the bulk of future demand. Addressing this imbalance requires mobilising more capital from diverse sources into EMDE energy systems.China continues to play a central role in global energy investment flows because of its large domestic investments and its large external capital spending on energy. Since 2015, its official-sector institutions have committed on average…
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Integrating Distributed Energy Resources in China
…resilient power system, provided their integration is well-managed.This report analyses recent trends in DER deployment across China and highlights the emerging challenges their growth poses for power system planning and operation, calling for renewed attention to distribution grids. It puts China’s development of DERs in international perspective by drawing on experiences from jurisdictions that are further along in their DER integration journey, such as Australia, Europe, Japan and the United States. Through cross-country comparison, the analysis identifies lessons and best practices that are relevant to China’s evolving power sector and regulatory landscape. It offers insights…
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Oil Market Report - March 2025
…IEA countries. Highlights Growth in global oil demand is set to accelerate to just over 1 mb/d this year, from 830 kb/d in 2024, reaching 103.9 mb/d. Asia accounts for almost 60% of gains, led by China where petrochemical feedstocks will provide the entirety of growth. Amid an unusually uncertain macroeconomic climate, recent delivery data have been below expectations, leading to slightly lower estimates for 4Q24 and 1Q25 growth at 1.2 mb/d y-o-y.World oil supply rose by 240 kb/d in February to 103.3 mb/d, led by OPEC+. Kazakhstan…
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Gas Market Report, Q2-2025
…market fundamentals tight. Supported by higher storage injection needs, Europe’s LNG imports are forecast to increase in 2025 to near their all-time highs. In contrast, China’s LNG imports are forecast to decline due to weaker domestic demand growth and the strong competition from Europe for flexible LNG cargoes. With the global gas balance remaining fragile in an increasingly complex geopolitical context, responsible producers and consumers need to work together to reinforce efforts to ensure reliable gas supplies. This will be among the topics addressed at the international Summit on the Future of Energy Security, convened by the…
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Oil Market Report - June 2025
…inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Highlights World oil demand is forecast to increase by 720 kb/d in 2025. This is marginally below last month’s estimate, as weak 2Q25 deliveries in the United States and China undercut resilience elsewhere. Growth in 2026, at 740 kb/d, will be held back by a challenging economic outlook and the uptake of clean energy technologies.Global oil supply rose by 330 kb/d in May to 105 mb/d, 1.8 mb/d above a year ago. Monthly gains were…
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Gas Market Report, Q3-2025
…weighed on natural gas consumption, particularly in price-sensitive markets in Asia. Both China and India recorded demand declines in the first half of 2025 compared with the same period in 2024. Europe’s liquefied natural gas (LNG) imports are expected to reach an all-time high in 2025, supported by stronger storage injections, higher domestic demand and lower piped gas supplies from Russia. In contrast, China’s LNG imports are forecast to fall amid weaker natural gas demand and strong competition from Europe for flexible LNG cargoes. Geopolitical tensions have continued to fuel price volatility, while adding to the…
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Coal Mid-Year Update 2025
…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 the large majority of the world’s coal use is concentrated in Asia, particularly China, consumption in Europe and North America remains considerable. Coal’s influence therefore remains global in both energy and climate discussions.The International Energy Agency’s 2025 Coal Mid-Year Update reviews the latest trends in coal demand, production, trade and prices. It includes preliminary data for the first half of 2025 and provides…
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Electricity Mid-Year Update 2025
…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 type, and carbon dioxide (CO2) emissions from electricity generation. The report also analyses the latest developments in major economies including China, the European Union, India and the United States and provides updated tracking of wholesale electricity prices across markets worldwide.
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Oil Market Report - August 2025
…inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Highlights Global oil demand is projected to increase by 680 kb/d in 2025 and 700 kb/d in 2026, to reach 104.4 mb/d. Despite weaker-than-expected demand in China, India and Brazil in recent months, annual growth of 600 kb/d in 2Q25 occurred entirely in the non-OECD. Consumption in the OECD was flat, with Japan at multi-decade lows.Global oil supply was largely unchanged in July at 105.6 mb/d, with a 230 kb/d…
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Stepping Up the Value Chain in Africa
…manufacturing. These opportunities would enable Africa to retain a greater share of the economic value generated across energy technology supply chains, and would simultaneously contribute to global efforts to enhance supply chain diversification and resilience.The economic benefits of the new energy economy are currently distributed very unevenly. Emerging markets and developing economies other than China account for less than 5% of the value generated from producing key energy technologies today. In Africa, there are currently only a small number of facilities dedicated to the beneficiation and processing of critical minerals and resources essential for energy technologies and materials, and…
