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Oil Market Report - March 2026
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 The war in the Middle East is creating the largest supply disruption in the history of the global oil market. With crude and oil product flows through the Strait of Hormuz plunging from around 20 mb/d before the war to a trickle currently, limited capacity…
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Energy Management for Industry
Driving efficiency implementation This report demonstrates the value of energy management for industry and governments. It illustrates how more systematic approaches to energy efficiency can contribute to ensure continual, durable, and increasing improvements that support competitiveness and energy security. It shows how new advances in energy management, such as increased digitalisation and artificial intelligence, can provide further benefits at speed and at scale. Building on best practices and innovative approaches, the report provides policy guidance on effective policy packages, giving insights into possible actions for policy makers irrespective of the maturity of existing programmes.
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Responding to Satellite Notifications from the Methane Alert and Response System
In 2023, the International Methane Emissions Observatory launched the Methane Alert and Response System, the first global system to provide free satellite-based alerts on major emission events to governments. Prompt reaction to MARS notifications has led to the successful mitigation of methane leaks in several countries. However, the global response rate to MARS notifications remains relatively low, suggesting that further measures may be required to transform satellite alerts into actionable responses for governments.The IEA, in collaboration with IMEO, has prepared this technical guidance document to assist governments seeking to improve action on MARS notifications and reduce methane emissions…
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The Value of Demand Flexibility
…the value of demand flexibility as a core component of modern electricity systems, with a strong emphasis on its role in improving energy efficiency. As electricity demand grows and power systems become more electrified, decentralised and renewable-rich, managing when and how electricity is used is increasingly as important as expanding supply.The brief sets out a clear framework for understanding demand flexibility and highlights its contribution to an efficiency-first approach to power system planning and operation. By shifting or adjusting electricity use in response to system conditions, demand flexibility improves the utilisation of existing generation and network assets…
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Asset values
…This is often known as a “split incentive.” However, evidence from the United States suggests that energy efficiency improvements are associated with reduced vacancy and tenant turnover, which reduces associated transaction costs and provide an incentive for landlords to invest. Need more information? Eichholtz, P. (2024), The Impact of Minimum Energy Performance Standards on the Commercial Real Estate Market.Zitouny, S. (2024), On the capitalization of energy labels on the French housing market.Amaral, F. et al., (2024), Green Signals: Energy Efficiency and German Housing Markets.Pigman, M. (2022), How Does Home Energy Score Affect Home Value and Mortgage Performance?
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Financing the ASEAN Power Grid
The Association of Southeast Asian Nations (ASEAN) has a long history of electricity system connectivity, and the development of the ASEAN Power Grid (APG) is central to achieving a sustainable, secure and affordable energy transition across the region. Delivering the APG will require a significant step‑change in investment over the coming 15 years, and unlocking financing from a diverse range of sources will be essential for this to happen. Yet financing approaches and business models have not evolved at the pace required to support an increasingly ambitious and complex pipeline of interconnector projects.This report examines how interconnectors are approached…
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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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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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Jobs
…energy sector jobs are more prevalent in areas with lower unemployment rates. Energy efficiency investments also contribute to enhance the quality of jobs in other industries. Firms that invest in energy efficiency can significantly improve the quality of the working environment, with efficient lighting that provides increased visual comfort, or efficient ventilation systems that enhance air quality. By freeing up businesses’ spending through reduced energy bills, energy efficiency helps minimise cost pressures and supports employers in safeguarding jobs. Need more information? IEA (2020), World Energy Outlook Special Report - Sustainable Recovery.MICAT (2024), Empirical basis factsheet on Economic impacts – Employment effects.
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Gaining an Edge
The Role of Energy Efficiency in Enhancing Competitiveness Energy efficiency delivers more than energy savings and emission reductions – it can also improve the competitiveness of countries and firms. From increased profitability to job creation, energy efficiency helps firms compete amid high costs, growing demand, and rising trade pressures. In today’s global context, energy efficiency is not only a matter of energy policy, but also of economic policy.The report analyses historical progress in industrial energy efficiency and its role in enhancing industrial competitiveness. It includes comparisons of firm-level energy efficiency, identifying performance gaps and opportunities for further improvement. Drawing…
