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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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Gas Market Report, Q2-2025
…expected to keep market fundamentals tight. Supported by higher storage injection needs, Europe’s LNG imports are forecast to increase in 2025 to near their all-time highs. In contrast, China’s LNG imports are forecast to decline due to weaker domestic demand growth and the strong competition from Europe for flexible LNG cargoes. With the global gas 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…
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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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Oil Market Report - November 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 growth rebounded to 920 kb/d in 3Q25, mainly due to stronger deliveries in China. The third-quarter increase was more than double 2Q25’s 430 kb/d y-o-y expansion, as the macroeconomic picture broadly improved on easing trade tensions. Worldwide…
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Oil Market Report - April 2025
…the non-OECD and oil on water.Global oil prices tumbled by around $10/bbl in March and early April as risk sentiment soured in the wake of proliferating US tariffs and mounting recession fears. The decision by some OPEC+ members to accelerate the unwinding of extra voluntary production cuts added to the bearish momentum. At the 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…
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World Energy Investment 2025
…World Energy Investment report, marks the 10th edition of this flagship analysis and provides a full update on the investment picture in 2024 and an initial reading of the emerging picture for 2025.The report provides a global benchmark for tracking capital flows in the energy sector and examines how investors are assessing risks and opportunities across all areas of fuel and electricity supply, critical minerals, efficiency, research and development and energy finance.The report highlights several key aspects of the current investment landscape in the context of recent policy and macroeconomic developments and a heightened focus on energy security…
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Coal Mid-Year Update 2025
…for energy security, affordability and sustainability, especially as coal remains the single largest contributor to energy-related carbon dioxide emissions. While the large majority of the world’s coal use is concentrated in Asia, particularly China, consumption in Europe and North America remains considerable. Coal’s influence therefore remains global in both energy and climate discussions.The International Energy Agency’s 2025 Coal Mid-Year Update reviews the latest trends in coal demand, production, trade and prices. It includes preliminary data for the first half of 2025 and provides updated forecasts for 2025 and 2026, grounded in recent market developments…
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Electricity Mid-Year Update 2025
…continues to grow, with all set to reach new milestones.This mid-year update follows the extensive Electricity 2025 report released in February, examining the latest trends and the outlook for the remainder of the year. It includes updated data for 2024 along with new forecasts for 2025 and 2026 covering areas such as global electricity demand, supply by fuel type, and carbon dioxide (CO2) emissions from electricity generation. The report also analyses the latest developments in major economies including China, the European Union, India and the United States and provides updated tracking of wholesale electricity prices across markets worldwide.
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China’s Official Energy Finance in Emerging and Developing Economies
…Emerging market and developing economies (EMDE) outside China attracted just 27% of total energy investment and 18% of clean energy spending, despite accounting for nearly two-thirds of the global population and the bulk of future demand. Addressing this imbalance requires mobilising more capital from diverse sources into EMDE energy systems.China continues to play a central role in global energy investment flows because of its large domestic investments and its large external capital spending on energy. Since 2015, its official-sector institutions have committed on average over USD 55 billion annually to energy-related projects in EMDE – equivalent to…
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Oil Market Report - August 2025
…Beneath the calm Oil prices have been caught in the crosshairs of fast-changing market dynamics. While new sanctions on Russia and Iran threaten to impact trade flows, weaker economic growth is poised to temper demand. Volatility in oil markets slumped to near all-time lows in July as Brent crude oil futures hovered around $70/bbl. However, the early August OPEC+ supply agreement and the prospects for untenable stock builds later in the year saw Brent crude futures slip to around $67/bbl.Global oil supply growth has been revised up by 370 kb/d to 2.5 mb…
