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Sheltering From Oil Shocks
…The loss of supply is having significant impacts in global markets, pushing up prices for crude oil above $100/barrel, and leading to much higher prices for some refined products – notably diesel, jet fuel and liquefied petroleum gas (LPG). Concerns are growing about the impacts of higher prices on households, businesses and the broader economy.In this report, the IEA details 10 demand-side options open to households, businesses and governments to shelter themselves from today’s oil shock and relieve the strains on affordability. These are based on the IEA’s longstanding expertise on energy security and on specific…
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Oil Market Report - April 2026
…and analysis from the April OMR Highlights Oil demand is expected to contract by 80 kb/d this year, as the Iran war upends our global outlook. This is 730 kb/d less than in last month’s Report and a forecast 1.5 mb/d 2Q26 decline would be the sharpest since Covid-19 slashed fuel consumption. Initially, the deepest cuts in oil use have come in the Middle East and Asia Pacific, mainly for naphtha, LPG and jet fuel. However, demand destruction will spread as scarcity and higher prices persist.Global oil supply plummeted by 10.1 mb…
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Oil Market Report - February 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 Global oil demand is forecast to rise by 850 kb/d in 2026, up from 770 kb/d last year. As in 2025, non‑OECD economies will account for the entire increase, with China taking the lead on a country level. Petrochemical feedstock products will represent more…
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Southeast Asia Energy Outlook 2026
The Southeast Asia Energy Outlook 2026 is the seventh edition of this World Energy Outlook Special Report, making Southeast Asia by far the most regularly updated regional outlook compiled by the International Energy Agency (IEA). This reflects the dynamism of the region, as well as the importance of the IEA’s partnership with the eleven countries that make up the Association of Southeast Asian Nations (ASEAN) – Brunei Darussalam, Cambodia, Indonesia, Lao People’s Democratic Republic (Lao PDR), Malaysia, Myanmar, the Philippines, Singapore, Thailand, Timor-Leste (joined ASEAN in 2025) and Viet Nam.As energy security concerns move ever higher on…
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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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Energy Transition Review for Enhancing Co-operation
…of the challenges and opportunities facing the Philippine power sector, and to identify practical pathways that can help to strengthen its energy security, improve affordability and enable the country to achieve its long-term clean energy goals.This review has been prepared in collaboration with the Department of Energy (DOE) of the Philippines, the Economic Research Institute for the Association of Southeast Asian Nations (ASEAN) and East Asia (ERIA), and Japan’s Ministry of Economy, Trade and Industry (METI). It examines trends, supply and demand dynamics and the evolving regulatory environment. It also highlights key risks and vulnerabilities for the…
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Electricity 2026
Global power demand growth continues to rise rapidly as the Age of Electricity gathers pace, supported by the increasing electrification of industry, transportation, and the buildings sectors. Growing consumption is also coming from some of the most dynamic segments of global economies, such as artificial intelligence (AI), data centres, and evolving technological innovations.Against this backdrop, Electricity 2026 – the IEA’s annual report on global electricity systems and markets – provides in-depth analysis of the recent trends and policy developments underpinning this new era. It includes forecasts for electricity demand, supply and carbon dioxide (CO2) emissions for select countries, by…
- Executive summary
- Demand
- Supply
- Grids
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Global Hydrogen Review 2026
The IEA's Global Hydrogen Review 2026 provides an update on hydrogen production and demand worldwide and identifies the latest developments relating to policy, infrastructure, trade, investments and innovation.The report is an output of the Clean Energy Ministerial Hydrogen Initiative and is intended to provide an update to energy sector stakeholders on the status and future prospects of hydrogen, and to inform discussions at the Hydrogen Energy Ministerial Meeting organised by Japan.The conflict in the Middle East is impacting global supplies of hydrogen and hydrogen derivatives, such as fertilisers, exposing vulnerabilities in their supply chains. As energy security…
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Oil Market Report - March 2026
…with the remainder in other non-OECD countries.Widespread flight cancellations in the Middle East and large-scale disruptions to LPG supplies are expected to curb global oil demand by around 1 mb/d during March and April compared to previous estimates. Higher oil prices and a more precarious outlook for the global economy pose further risks to the forecast. Global oil consumption is now set to increase by 640 kb/d y-o-y in 2026 – down 210 kb/d from last month.Oil prices have gyrated wildly since the United States and Israel launched joint air strikes on…
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Financing CCUS at Scale
How to Mobilise Private Capital Carbon capture, utilisation and storage (CCUS) is an important area of attention for governments and financiers as both look to balance policy and investment goals. Recent financial investment decisions of major projects show promise in a sector that is gaining momentum, but its future success depends on viable business models and effective risk allocation across the value chain.In this context, Financing CCUS at Scale is the IEA’s latest report on what it takes to move CCUS projects from the drawing board to operation. Building on expert interviews with leading financial institutions, the report…
