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Oil Market Report - May 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 Global oil demand growth is projected to slow from 990 kb/d in 1Q25 to 650 kb/d for the remainder of the year as economic headwinds and record EV sales curb use. Demand growth averages 740 kb/d in 2025 and 760 kb/d in…
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Oil Market Report - June 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 decline 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…
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Oil 2025
…the short-term horizon covered in the IEA’s monthly Oil Market Report (OMR) to provide a comprehensive overview of evolving oil supply, demand, refining and trade dynamics through 2030. This Report presents detailed forecasts and analysis of oil demand fundamentals across fuels, sectors and regions as well as the supply outlook from planned upstream and downstream projects around the world. The results provide valuable insights on the prospects for spare oil production capacity, product supply and trade flows through 2030. Oil 2025 also explores the implications of surging output of natural gas liquids (NGLs) in an era of petrochemical-driven demand…
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Oil Market Report - March 2026
…1.5 mb/d of LPG in 2025. More than 3 mb/d of refining capacity in the region has already shut due to attacks and a lack of viable export outlets. Runs elsewhere will be increasingly limited due to feedstock availability.IEA Member countries unanimously agreed on 11 March to make 400 mb of oil from their emergency reserves available to the market to address disruptions stemming from the war in the Middle East. Global observed oil stocks were 8 210 mb in January, their highest level since February 2021. The OECD accounted for 50%, Chinese crude stocks 15%…
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Financing the Modernisation of Power Systems Beyond Coal
…energy security, complicates efforts to accelerate coal transitions. Recent volatility in international gas markets has reinforced the short‑term economic and security value of existing coal assets, adding complexity to national transition strategies. The region’s young coal fleet also implies substantial long‑term emissions if plants continue operating at current utilisation rates.Against this backdrop, new approaches are being explored to support coal transitions while maintaining secure and reliable power systems. This report examines the potential role of transition credits as a market‑based instrument to support coal transitions in Southeast Asia. It analyses the scale of emissions from existing coal fleets, options…
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Global Energy Review 2025
…including oil, natural gas, coal, renewables and nuclear power. This growth was led by the power sector, with demand for electricity rising almost twice as fast as wider energy demand due to higher demand for cooling, rising consumption by industry, the electrification of transport and the growth of data centres and artificial intelligence. Nearly all of the rise in electricity demand was met by low-emissions sources, led by the record-breaking expansion of solar PV capacity, with further growth in other renewables and nuclear power. Gas demand also picked up substantially, while oil and coal consumption increased more slowly…
- Key findings
- Global trends
- Oil
- Natural gas
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+ 3 pages
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Electricity Mid-Year Update 2025
…At the same time, electricity supply from renewables, natural gas and nuclear 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…
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Global Methane Tracker 2026
…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 most recent data from satellites and measurement campaigns – and discusses different abatement options along with their associated costs. This year's edition includes a chapter…
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The Implications of Oil and Gas Field Decline Rates
…affecting the future evolution of oil and natural gas demand, with less consideration given to how the supply picture could develop. However, understanding decline rates – the annual rate at which production declines from existing oil and gas fields – is crucial for assessing the 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…
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Global Energy Review 2026
…Energy Review 2026 This edition of the Global Energy Review provides the first full assessment of trends across the entire energy sector in 2025, with data for all fuels and technologies, all regions and major countries, and energy-related carbon dioxide (CO2) emissions.The report covers estimates of energy demand by region and by source and fuel in 2025; developments in electricity demand and supply; deployment of selected energy technologies; and estimates of energy-related CO2 emissions. The report also assesses trends in energy intensity and analyses the impact of factors, such as weather effects, on energy demand and emissions.
- Key findings
- Global trends
- Oil
- Natural gas
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+ 9 pages
