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Oil Market Report - June 2026
…by 1.1 mb/d y-o-y in 2026. This represents a downgrade of 700 kb/d compared with our May Report, as 2Q26 deliveries plunged by 5 mb/d y-o-y in the face of higher fuel prices and disruptions to product availability. We see growth rebounding to 2 mb/d in 2027, as a normalisation of trade flows, lower oil prices and an improving economic outlook contribute to the recovery.Global supply is set to fall by 3.9 mb/d to 102.4 mb/d in 2026 before rebounding by 8 mb/d to 110…
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Global Methane Tracker 2026
Around the world, many countries have made reductions in methane emissions a policy priority as part of their efforts to limit near-term global warming, enhance energy security, and improve air quality. The energy sector – including oil, natural gas, coal and bioenergy – accounts for around 40% of methane emissions from human activity and has some of the best opportunities to cut these emissions. The annually updated Global Methane Tracker provides essential data on methane emissions across the energy sector and the opportunities to bring them down.The Tracker presents the IEA’s latest sector-wide emissions estimates – based on the…
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Cost of Capital Observatory
Tracking the cost of capital for clean energy projects in emerging and developing economies The Cost of Capital Observatory is an initiative from the IEA, the World Economic Forum, ETH Zurich and Imperial College London. The aim of the Observatory is to increase transparency in the energy sector and inspire investor confidence, especially in emerging and developing countries where data on financing costs is scarcer.The Observatory is divided into three sections:A Dashboard that provides free data on the cost of capital for energy projects in emerging and developing economies, updated with 2023 and 2024 data in July and…
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Prospects for Natural Gas Certification
This report offers an overview of the role of certification in natural gas supply chains, provides a broad mapping of existing initiatives, highlights selected regulatory and market developments, identifies areas where improvements may be needed, and presents recommendations to support the development of credible certification frameworks.Certified natural gas refers to gas whose environmental and social attributes – such as greenhouse gas (GHG) emissions performance, water use, local community impacts and worker safety – have been independently verified against defined criteria or benchmarks. In 2024, around 7.5% of global natural gas production was certified, with volumes primarily originating from North America…
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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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Pledges to Progress 2025
An assessment of transparency of the oil and gas industry’s emissions reduction efforts At COP28, more than 50 of the world’s leading oil and gas companies launched the Oil and Gas Decarbonization Charter (OGDC), laying out a series of ambitions to achieve net zero operational emissions by 2050. As global methane and flaring emissions continue to rise, these ambitions are more important than ever to reduce energy waste and mitigate the harmful consequences of climate change.To support accountability and transparency, the International Energy Agency (IEA), the United Nations Environment Programme (UNEP) International Methane Emissions Observatory (IMEO) and…
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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…
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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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Oil Market Report - September 2025
…year and 2.1 mb/d to 107.9 mb/d next year, of which non-OPEC+ countries account for 1.4 mb/d and just over 1 mb/d, respectively.Refinery crude throughputs surged by 400 kb/d to a record 85.1 mb/d in August but is set to fall by 3.5 mb/d through October as seasonal maintenance intensifies. Global refinery crude throughputs are forecast to average 83.5 mb/d in 2025 and 84 mb/d in 2026, as growth slows from 580 kb/d to 540 kb/d, respectively. Refining margins remain strong…
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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.
