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Oil Market Report - August 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 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…
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The State of Energy Innovation 2026
The second edition of The State of Energy Innovation turns the spotlight on the technologies, policies and funders at the forefront of energy technology development. It provides a comprehensive assessment of recent progress and emerging challenges in energy technology innovation, drawing on over 150 innovation highlights from 2025 and a survey of practitioners across more than 40 countries. It analyses trends in public and corporate R&D spending, venture capital flows, patenting and policy, as well as providing an update on progress towards the 18 IEA Races to First in energy innovation. This data-driven approach informs policy makers, industry…
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Demand- and Supply-Side Measures for the Industry Transition
Policy brief As governments look to scale up lead markets for near-zero and low-emissions steel and cement, targeted policy measures can help overcome commercialisation barriers, capture emerging market opportunities and support broader government objectives. This policy brief explores a variety of possible policy instruments to stimulate demand and supply of such industrial materials, providing options that governments could adopt and adapt as part of their industrial policy framework – tailored to their unique circumstances to enhance effectiveness – along with practical next steps towards implementation.
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Manufacturing and Trade Model
The IEA’s Manufacturing and Trade (MaT) Model was first developed for the 2024 edition of Energy Technology Perspectives (ETP) to produce scenario projections of manufacturing and trade across six key energy technology supply chains. These cover solar photovoltaics (PV), wind turbines, electric cars, batteries, electrolysers and heat pumps. This model is now used to generate detailed sector-by-sector and region-by-region long-term scenarios in IEA publications such as the World Energy Outlook and Global EV Outlook.The MaT model is part of the IEA’s broader modelling framework and is closely linked to the Global Energy…
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Advancing Methane Emissions Reductions by National Oil Companies
National oil companies (NOCs) are responsible for around half of all global oil and gas production today and their actions strongly influence methane abatement prospects. More than 30 NOCs have joined the Oil and Gas Decarbonization Charter (OGDC) and are engaging in initiatives to tackle methane emissions and flaring. There is a major opportunity for NOCs looking to implement best practices in methane management to learn from the experience of peers in order to deploy strategies that are adapted and tailored to their circumstances. Best practices include adopting measures to limit flaring and venting, implementing leak detection and repair programmes…
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Renewables 2025
Analysis and forecasts to 2030 Renewables 2025 Renewables 2025 is the IEA's main annual report on the sector. It presents the latest forecasts and analysis, based on recent policy and market developments, while also exploring key challenges and opportunities facing the sector.This year’s edition provides forecasts for the deployment of renewable energy technologies in electricity, transport and heat through 2030. It also examines notable developments in key areas of the sector, including policy changes, manufacturing trends, and the financial health of different parts of the industry.
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Jobs
…and manufacturing tend to be more concentrated, sectors such as buildings, which require the deployment of technicians to install and repair equipment or energy auditors, can also boost local employment. Investments in qualification and upskilling can decrease the risk of skills and labour shortages and enable the economy to benefit from the full potential of energy efficiency job creation. In the United States, IEA analysis shows that energy efficiency offers more jobs than other energy sectors – such as fossil fuel supply, power generation, or transmission and distribution – across a variety of locations. For instance, in areas with high unemployment rates…
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Oil Market Report - March 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 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…
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Energy and AI in East Asia
This report was commissioned by the Korea Energy Economics Institute and was carried out jointly by the International Energy Agency (IEA) and the Korea Energy Economics Institute. The study has three objectives in the context of East Asia. First is to explore the possibilities presented by AI for the energy sector. Second is to examine the expected increase in electricity demand by data centres, and the impact on grid planning and operation. Third is to provide policy recommendations for embracing the opportunities presented by the application of AI to energy, as well as policies for proactively managing the challenges presented by…
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Global Methane Tracker 2025
Methane is responsible for around 30% of the rise in global temperatures since the Industrial Revolution, and rapid and sustained reductions in methane emissions are key to limiting near-term global warming and improving air quality. The energy sector – including oil, natural gas, coal and bioenergy – accounts for more than 35% of methane emissions from human activity and has some of the best opportunities to cut these emissions. The annually updated Global Methane Tracker is an essential tool for raising awareness about methane emissions across the energy sector and the opportunities to bring them down.The Tracker presents our latest…
