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The Implications of Oil and Gas Field Decline Rates
…outlook for oil and gas supply and, by extension, for market balances.The International Energy Agency (IEA) has long examined this issue, and a detailed understanding of decline rates is at the heart of IEA modelling and analysis, underpinning the insights provided by the scenarios in the World Energy Outlook.This new report – based on analysis of the production records of around 15 000 oil and gas fields around the world – explores the implications of accelerating decline rates, growing reliance on unconventional resources, and evolving project development patterns for the global oil and gas supply landscape, for energy security and for…
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Gas Market Lessons from the 2022-2023 Energy Crisis
…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. Taking stock of this new situation and how to approach it will be key to improving security of gas supply and enhancing the collective resilience to potential future natural gas market shocks. This report aims to do just that, highlighting five key gas market…
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Oil Market Report - May 2025
…In the balance Oil prices resumed their downward trajectory in late April and early May as trade tensions impacted financial and commodity markets and OPEC+ agreed to a further unwinding of production cuts. Bearish sentiment subsequently eased somewhat after the United States reached a trade deal with the United Kingdom on 8 May, and a 90-day accord with China on 12 May. Nonetheless, increased trade uncertainty is expected to weigh on the world economy and, by extension, oil demand. Brent crude oil futures slumped by $14/bbl in April to a four-year low of just above $60/bbl…
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Gas Market Report, Q2-2025
…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 IEA, in partnership with the UK Government, on 24-25 April 2025. Beyond the growing complexity of gas supply security both in the short and long term, the decarbonisation of gas and the broader energy system will require the deployment and scaling up of low-emissions gases. Part of the IEA’s Low-Emissions Gases…
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Oil Market Report - April 2025
…time of writing, Brent futures were trading at around $65/bbl, after earlier hitting their lowest levels in more than four years to below $60/bbl. Buckle up After a period of relative calm, global oil markets were roiled by a barrage of trade tariff announcements in early April. Benchmark crude oil prices plunged to their lowest levels in four years on a sharp escalation in trade tensions and the prospect of higher supplies from some OPEC+ countries. Brent futures tumbled by more than $15/bbl, to below $60/bbl, but subsequently recovered to around $65/bbl after the implementat...
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Gas 2025
Analysis and forecasts to 2030 Global gas markets are set to undergo major changes by the end of the decade, with the coming wave of liquefied natural gas (LNG) production capacity set to profoundly transform market dynamics. The unprecedented scaling up of LNG supply is expected to improve gas supply security and make natural gas more affordable – including in emerging, price-sensitive import markets. However, to account for these shifts, LNG producers and suppliers may need to adapt their medium-term strategies.The Gas 2025 medium-term report from the International Energy Agency (IEA) examines this coming transformation and its…
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Northwest European Hydrogen Monitor 2025
…This is the third edition of the Northwest European Hydrogen Monitor. It provides an annual update of low-emissions hydrogen market developments in Northwest Europe and is the result of collaboration among the countries involved in the Hydrogen Initiative of the Clean Energy Ministerial (CEM-H2I) workstream entitled “Roundtable on the North-West European Region” and the hydrogen working group of the Pentalateral Forum.The countries analysed in this Monitor are Austria, Belgium, Denmark, France, Germany, Luxemburg, the Netherlands, Norway, Switzerland and the United Kingdom. Market monitoring is accompanied by regular dialogues with key stakeholders to facilitate the exchange of…
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Czechia 2025
Energy Policy Review Government action plays a pivotal role in ensuring secure and sustainable energy transitions. Energy policy is critical not just for the energy sector but also for meeting environmental, economic and social goals. Governments need to respond to their country’s specific needs, adapt to regional contexts and help address global challenges. In this context, the International Energy Agency (IEA) conducts Energy Policy Reviews to support governments in developing more impactful energy and climate policies.This Energy Policy Review was prepared in partnership between the Government of Czechia and the IEA. It draws on the IEA’s extensive…
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Brazil 2025
Energy Policy Review Government action plays a pivotal role in ensuring secure and sustainable energy transitions. Energy policy is critical not just for the energy sector but also for meeting environmental, economic and social goals. Governments need to respond to their country’s specific needs, adapt to regional contexts and help address global challenges. In this context, the International Energy Agency (IEA) conducts Energy Policy Reviews to support governments in developing more impactful energy and climate policies.This Energy Policy Review was prepared in partnership between the Government of Brazil and the IEA. It draws on the IEA’s extensive…
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Delivering Sustainable Fuels
…They complement electrification and energy efficiency in energy transitions, and are particularly important for sectors that continue to be reliant on fuel-based solutions such as aviation, shipping, and parts of road transport and industry. Sustainable fuels can also enhance energy security, strengthen environmental sustainability and stimulate economic development, particularly in rural areas.If fully legislated and implemented, current and proposed national and international policies would put the use of sustainable liquid and gaseous fuels on a path to nearly double from 2024 levels by 2030 and quadruple by 2035. Progress must occur on multiple fronts to increase uptake and…
