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Oil Market Report - October 2025
…September, as a looming supply surplus dampened the bullish impact of heightened Ukraine tensions and fresh sanctions against Russia and Iran. Price volatility continued to languish at historical lows. At the time of writing, ICE Brent futures were trading at around $64/bbl – down approximately $11/bbl year-to-date. Stocking up The oil market has been in surplus since the start of the year, but stock builds have so far been concentrated in crude in China and gas liquids in the United States. By September, however, a surge in Middle East production, coinciding with seasonally lower regional crude demand…
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IEA Support to Accelerating Renewable Energy Permitting (ARPE)
…five EU Member states – Finland, Ireland, Lithuania, the Netherlands, and the Slovak Republic (Focus countries) – in developing and implementing policy and regulatory measures aimed at reaching their renewable energy targets, notably through accelerating permitting of renewable energy projects.In support of this objective, the IEA organised and facilitated five workshops focused on the following topics:streamlining administrative proceduresaccelerating offshore wind deploymentfacilitating spatial planning for renewable energy deploymentensuring public engagement and acceptance, and afinal workshop summarizing the project’s findings.The objective of these workshops has been to understand the challenges and priorities of the focus countries, share international best practices…
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Global Hydrogen Review 2025
Global Hydrogen Review 2025 The Global Hydrogen Review is an annual publication by the International Energy Agency that tracks hydrogen production and demand worldwide, shedding light on the latest developments on 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 sector has progressed significantly since the first publication of the Global Hydrogen Review in 2021. Low-emissions hydrogen…
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Northwest European Hydrogen Monitor 2025
…interconnected gas network that could be partially repurposed to facilitate the transmission and distribution of low-emissions hydrogen from production sites to demand centres.The development of the low-emissions hydrogen market in Northwest Europe could gradually scale up in the short- to medium-term. Northwest European countries now have ambition to develop up to 30 to 35 gigawatts (GW) of electrolyser capacity by 2030. However, most low-emissions hydrogen projects are currently in the early stages of development. Their success will depend largely on supportive policies and regulatory frameworks. The cost-efficient development of low-emissions hydrogen markets also necessitates…
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Oil Market Report - December 2025
…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 set to rise by 830 kb/d in 2025 amid an improving macroeconomic and trade outlook. These brighter prospects extend to our 2026 forecast, which we have upgraded by 90 kb/d, to 860 kb/d y-o-y. Gasoil and jet/kerosene account for half of this year’s gains, with fuel oil losing ground to natural gas and solar in power…
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An Energy Sector Roadmap to Net Zero Emissions in Colombia
World Energy Outlook Special Report Colombia has set an ambitious goal to achieve net zero greenhouse gas emissions by 2050. The third-largest country in Latin America and the Caribbean by population, it has seen stable economic and population growth over past decades. A large part of its energy mix is made up of fossil fuels, largely oil, while hydropower provides most electricity. Colombia has abundant untapped solar and wind resources and a strong base of clean energy potential.At the request of the Government of Colombia, the IEA has developed a roadmap to net zero by 2050 for the…
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Integrating Solar and Wind in Southeast Asia
Status and outlook for secure and efficient strategies Southeast Asia is experiencing one of the fastest electricity demand growths globally, with consumption set to double by 2050. While renewable deployment has accelerated in recent years, the region’s growing reliance on imported fossil-fuels for electricity generation, exposes countries to volatile fuel prices, potential supply disruptions and rising emissions. At the same time, the region possesses vast and diverse renewable resource potential. Variable renewable energy (VRE) - solar and wind - are now among the most cost-competitive generation options and are playing an increasingly important role in the region’s power…
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Oil 2025
Analysis and forecast to 2030 Global oil markets have so far had a turbulent 2025. Heightened trade tensions and uncertainty have weighed on the world economy and, by extension, oil demand growth. Combined with the recent OPEC+ decision to accelerate the unwinding of oil production curbs that have been in place for several years, these factors have recently pushed international oil prices to four-year low in April and early May. At the same time, shifts in energy policies are affecting oil producers and consumers alike, with oil supply security remaining high on the international energy policy agenda.Oil 2025…
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Policy Toolbox for Industrial Decarbonisation
…Policy Toolbox is divided into three broad areas with nine categories in total that group policy instruments according to their objectives. These broad areas are: Framework fundamentals, including (1) Establishing plans and policies for long-term GHG emissions reductions and (2) Mobilising finance and investment; Targeted actions for specific technologies and strategies, including (3) Managing existing assets and near-term investment, (4) Creating a market for near-zero emissions materials production, (5) Developing technologies, and (6) Accelerating material efficiency and circularity; and Necessary enabling conditions, including (7) International co-operation and a level playing field, (8) Infrastructure planning and development…
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The Implications of Oil and Gas Field Decline Rates
Much attention today focuses on uncertainties 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…
