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Gas Market Report, Q2-2025
Global natural gas demand continued to expand through the 2024/25 heating season, with growth primarily driven by Europe and North America. Underground storage facilities and reserve mechanisms provided crucial flexibility to the gas system and ensured stable and secure gas supplies over the 2024/25 heating season. In 2025, global gas demand growth is forecast to slow from the previous year amid tighter market conditions, while heightened macroeconomic uncertainties may also weigh on demand.Low gas storage levels and reduced piped gas exports from Russia to the European Union are expected to keep market fundamentals tight. Supported by higher…
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Gas Market Lessons from the 2022-2023 Energy Crisis
The 2022-2023 energy crisis tested the resilience of the global gas and LNG markets with the most severe gas supply shock in history. During the crisis, natural gas-importing markets around the world felt the pressures of record-high gas prices, including the scale-back in access to energy, the impediment to economic activity and the extra burden on government budgets. Market responses varied but governments were quick to react as the challenges of security of supply became apparent. Post-crisis, markets must continue to adapt as the effects of the crisis continue to influence security of gas supply…
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Policy Toolbox for Industrial Decarbonisation
The Policy Toolbox for Industrial Decarbonisation is a repository of policy instruments available to assist governments as they design, develop and implement their strategies for industrial decarbonisation. This work, undertaken as part of the Climate Club's Work Programme, builds on the policy toolbox outlined in IEA’s 2022 Achieving Net Zero Heavy Industry Sectors in G7 Members report, with the addition of further details on the instruments and considerations for implementation.A robust industrial decarbonisation policy strategy is likely to include multiple different instruments, as governments choose the instruments that are most suited to their individual circumstances and objectives…
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Multiple Benefits of Energy Efficiency
As energy efficiency continues to gain attention as a key resource for economic and social development across all economies, understanding its real value is increasingly important. The multiple benefits approach seeks to expand the perspective of energy efficiency beyond the traditional measure of energy savings by identifying and measuring its impacts in full bloom.
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Oil Market Report - June 2025
The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, 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…
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Renewables in District Energy
This report examines how renewables can play a larger role in district energy systems, helping to deliver cleaner, more secure and more efficient heating and cooling. District energy networks already supply heat to around 600 million people worldwide, but many systems remain heavily dependent on fossil fuels, exposing consumers and utilities to price volatility, supply risks and high emissions.The report provides a global overview of district energy systems, their fuel mixes, market conditions, governance models and affordability implications. It explores the growing opportunities offered by renewable and recovered heat sources, including bioenergy, geothermal, solar thermal, waste heat, large-scale heat…
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Key Questions on Energy and AI
Following the publication of the IEA’s landmark Energy and AI report in 2025, this report examines how the energy and AI nexus has evolved amid surging investment in data centres and rapid advances in model capabilities. Drawing on fresh datasets and analysis, it explores where electricity demand is rising, how quickly grids and supply chains can respond, and what these shifts mean for energy security, affordability and sustainability.
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Energy Technology Perspectives 2026
The 2026 edition of Energy Technology Perspectives is published against the backdrop of a fast-changing policy and technology landscape. Governments are working to establish secure and resilient supply chains for clean energy technologies while advancing key energy policy goals such as energy security, affordability and economic competitiveness, as well as climate and other environmental goals. In a landscape that is constantly evolving, this report aims to deliver timely insights into the status and outlook of technology deployment, manufacturing, project pipelines, investments, and trade of different energy technologies and materials. The aim is to provide useful analysis that can inform…
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Sheltering From Oil Shocks
Measures to reduce impacts on households and businesses The conflict in the Middle East has created the largest supply disruption in the history of the global oil market, due to the near halt in shipping traffic through the Strait of Hormuz. The loss of supply is having significant impacts in global markets, pushing up prices for crude oil above $100/barrel, and leading to much higher prices for some refined products – notably diesel, jet fuel and liquefied petroleum gas (LPG). Concerns are growing about the impacts of higher prices on households, businesses and the broader economy.In this report, the…
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Competitiveness
Multiple benefits of Energy Efficiency 2025 Energy efficiency provides multiple benefits. This page explores competitiveness. Why is energy efficiency important for competitiveness? Increasing energy efficiency can improve competitiveness at both the firm level – by reducing costs, improving operations and increasing product value – and at the country level, by reducing the amount of energy required to produce economic output. Key facts Today the world’s industries produce nearly 20% more value added with a given amount of energy, compared with two decades ago. In the industrial sector, energy management can lead to more than 10% in annual energy cost savings within…
