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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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Energy Efficiency Policy Toolkit
The Energy Efficiency Policy Toolkit is an interactive online tool that has been updated and expanded ahead of the 11th Annual Global Conference on Energy Efficiency in Montreal, Canada. It aims to support governments in designing and implementing effective energy efficiency measures by combining policies across three core pillars: regulation, information and incentives. It also features a wide range of case studies, offering practical insights into the successful implementation of energy efficiency policies across diverse national and sectoral contexts.The Toolkit builds on earlier IEA work to advance energy efficiency policy. In 2022, the IEA introduced Policy Packages for Energy…
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Oil Market Report - January 2026
…North Sea Dated fell by $0.99/bbl m-o-m in December to an average $62.64/bbl, as markets remained well supplied. This was the benchmark’s sixth consecutive monthly decline, with prices hitting a low of $60.07/bbl mid-month – the weakest since early 2021. Buffer zone The new year got off to a turbulent start as geopolitical tensions rose around Iran and Venezuela, bringing new uncertainties regarding their future oil exports. Brent crude oil prices jumped by $6/bbl to around $66/bbl in the early weeks of January before easing to $64/bbl at…
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Oil Market Report - May 2026
…accounts for 930 kb/d and the non-OECD for 1.5 mb/d. The petrochemical and aviation sectors are currently most affected, but higher prices, a weaker economic environment and demand-saving measures will increasingly impact fuel use.Global oil supply declined by a further 1.8 mb/d in April to 95.1 mb/d, taking total losses since February to 12.8 mb/d. Output from Gulf countries affected by the closure of the Strait of Hormuz was 14.4 mb/d below pre-war levels. Higher production and exports from the Atlantic Basin provide some relief…
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Gas Market Report, Q1-2026
Natural gas markets continued to rebalance in 2025. Global LNG supply returned to double-digit growth in the second half of the year, supported by the ramping-up of new LNG liquefaction projects in the United States, Canada and Africa. This strong growth is gradually easing market fundamentals and contributing to a more secure and resilient global gas market.Global LNG supply growth is set to accelerate further in 2026, fostering a stronger increase in natural gas demand, which is expected to reach a new all-time high. Although the LNG supply growth is reducing market tightness, geopolitical tensions and…
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Vehicle software and software-defined vehicles
GEVO 2026 - Chapter 8 The transition from mechanical to software-based vehicle control has been underway for decades and has accelerated dramatically with the rise of EVs. Pure-play EV makers have pioneered the shift towards high-level, continuously updateable software-based vehicle control, speeding up the development and rollout of new features. Vehicles are evolving into software platforms for which users can access subscription‑based premium features, in the same way as for smartphones. A new design paradigm is emerging, with EVs at the forefront The digital transformation of the car industry is most evident in the emergence of software…
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Oil Market Report - February 2026
…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 than half of this year’s gains, compared with only a third in 2025 when transport fuels dominated growth.World oil supply plunged by 1.2 mb/d in January to 106.6 mb/d, as severe winter weather disrupted North American operations, while outages and export constraints curtailed Kazakh, Russian and Venezuelan flows. Following gains of nearly 3.1 mb/d in 2025, world oil output is now…
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Tracking SDG7: The Energy Progress Report, 2026
This report is published by the SDG 7 custodian agencies, the International Energy Agency (IEA), the International Renewable Energy Agency (IRENA), the Statistics Division of the United Nations Department of Economic and Social Affairs (UN DESA), the World Bank, and the World Health Organization (WHO), and aims to provide the international community with a global dashboard to register progress on energy access, energy efficiency, renewable energy and international cooperation to advance SDG 7.
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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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Efficient Grid-Interactive Buildings in India
…s clean energy transition. EGIBs unite energy efficiency, smart digital technologies and demand-side flexibility, allowing them to optimise energy use, shift or reduce peak demand and better align consumption with renewable energy generation.The buildings sector is central to clean energy transitions in a context where rapidly increasing electricity demand is driven by cooling and appliance use, and the share of variable renewable energy in electricity generation is continuously growing. Without targeted action, unmanaged peak loads and variable supply could jeopardise grid stability and increase system costs. EGIBs offer an important solution for optimising electricity use, reducing peak demand…
