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Oil Market Report - December 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 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…
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Oil Market Report - November 2025
…2 mb/d, with OPEC+ leading a 440 kb/d monthly decline. Global oil supply was nevertheless up by a massive 6.2 mb/d since January, with gains divided evenly between non-OPEC+ and OPEC+. World oil supply is set to rise by 3.1 mb/d in 2025 and 2.5 mb/d in 2026 on average to reach 108.7 mb/d. Non-OPEC+ accounts for 1.7 mb/d and 1.2 mb/d of the growth, respectively.A slew of unplanned outages, scheduled maintenance and continued disruptions to Russia’s downstream operations, pushed refinery margins…
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Cost of Capital Observatory
Tracking the cost of capital for clean energy projects in emerging and developing economies The Cost of Capital Observatory is an initiative from the IEA, the World Economic Forum, ETH Zurich and Imperial College London. The aim of the Observatory is to increase transparency in the energy sector and inspire investor confidence, especially in emerging and developing countries where data on financing costs is scarcer.The Observatory is divided into three sections:A Dashboard that provides free data on the cost of capital for energy projects in emerging and developing economies, updated with 2023 and 2024 data in July and…
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Oil Market Report - October 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 rose by 750 kb/d y-o-y in 3Q25, as petrochemical feedstocks led a rebound from 2Q25’s tariff-afflicted 420 kb/d pace. Still, oil use will remain subdued over the remainder of 2025 and in 2026, resulting in annual gains…
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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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Oil Market Report - March 2025
…and early March as macro sentiment soured amid escalating trade tensions, clouding the outlook for oil demand growth. Plans by OPEC+ to start unwinding voluntary production cuts in April added to the expectation of comfortable crude balances in 2025. At the time of writing, Brent futures were trading near three-year lows around $70/bbl. Shifting sands Benchmark crude oil prices fell in February and early March as concerns mounted over the outlook for the economy and global oil demand growth amid escalating trade tensions and as OPEC+ announced it would start unwinding production cuts in April. Against this backdrop…
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Oil Market Report - September 2025
…into contraction in the remainder of the year, leaving 2025 annual oil use broadly flat.Global oil supply inched up in August to a record 106.9 mb/d as OPEC+ continued unwinding output cuts and non-OPEC+ supply hovered near all-time highs. World oil production is now projected to rise by 2.7 mb/d to 105.8 mb/d this year and 2.1 mb/d to 107.9 mb/d next year, of which non-OPEC+ countries account for 1.4 mb/d and just over 1 mb/d, respectively.Refinery crude throughputs surged by 400…
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Clean Energy Transitions Programme 2025
Annual report 2025 The IEA’s Clean Energy Transitions Programme (CETP) helps countries around the world accelerate their transition to clean energy, with a focus on emerging markets and developing economies. By combining global analysis, high-level convening and hands-on technical support, the CETP ensures that evidence, policy guidance and practical tools reach those shaping energy strategies on the ground.In 2025, the CETP has supported almost 350 high-level bilateral meetings with policy makers, over 700 workshops and technical exchanges, involving almost 13 000 participants, and 26 capacity-building events with over 1 700 policy professionals on energy efficiency, data…
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Oil Market Report - January 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 growth is forecast to average 930 kb/d in 2026, up from 850 kb/d in 2025, reflecting a normalisation of economic conditions after last year’s tariff turmoil and lower oil prices than a year ago. A recovery in petrochemical feedstocks demand…
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Household Energy Affordability
Energy is one of the top expenses for millions of households, making energy affordability an important policy concern for governments. The impacts of the global energy crisis on consumer prices have been significantly felt in household budgets. Despite coming down from their peak in 2022, prices remain elevated compared to pre-crisis levels and households continue to grapple with higher living costs.This report sets out to identify key trends that are shaping the state of energy affordability around the world today. It explores how system drivers and household energy consumption influence the makeup of energy bills and opens a…
