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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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Energy security
Multiple benefits of Energy Efficiency 2025 Energy efficiency provides multiple benefits. This page explores energy security. Why is energy efficiency important for energy security? Energy efficiency can help mitigate energy security risks by reducing the reliance on fossil fuel imports, improving grid reliability, and acting as a buffer to supply shocks. Key facts Efficiency gains from the last two decades avoided the need for 20% more fossil fuel imports in IEA countries. Energy efficiency and demand response can support grid reliability by reducing peak demand. For instance, more efficient air conditioners in India could lower the impact of heatwaves on…
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National Climate Resilience Assessment for Mozambique
Mozambique’s energy system has experienced significant disruptions due to extreme weather events, notably tropical storms and cyclones. With climate change, storms are projected to intensify, as are the risks of seasonal droughts and floods, posing a threat to the reliable operation of hydropower generation and the secure operation of the country’s coal mines. Mozambique’s plans to diversify its energy supply are an important step to enhance energy security and could be complemented by targeted measures to make its electricity system more resilient to natural hazards. Storms and tropical cyclones present the most regular extreme weather event faced…
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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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Gas 2025
Analysis and forecasts to 2030 Global gas markets are set to undergo major changes by the end of the decade, with the coming wave of liquefied natural gas (LNG) production capacity set to profoundly transform market dynamics. The unprecedented scaling up of LNG supply is expected to improve gas supply security and make natural gas more affordable – including in emerging, price-sensitive import markets. However, to account for these shifts, LNG producers and suppliers may need to adapt their medium-term strategies.The Gas 2025 medium-term report from the International Energy Agency (IEA) examines this coming transformation and its…
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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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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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Global Energy and Climate Model
Scenario analysis of future energy trends Global Energy and Climate Model Over the past four years, the IEA has worked to develop a new integrated modelling framework: the IEA’s Global Energy and Climate (GEC) Model. This model is now the principal tool used to generate detailed sector-by-sector and region-by-region long-term scenarios across IEA's publications, including the World Energy Outlook series and Energy Technology Perspectives series.In 2021, the IEA adopted for the first time a new hybrid modelling approach relying on the strengths of both models. The integrated framework of the IEA’s Global…
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Clean Energy Transitions Programme 2024
Annual report 2024 The Clean Energy Transitions Programme (CETP) is the International Energy Agency’s flagship initiative for accelerating clean energy transitions worldwide. Since its inception in 2017, the CETP has played a vital role in tackling the diverse challenges of energy transitions across the globe, fostering partnerships and providing tailored, actionable solutions. The programme is structured around three key pillars: directly supporting national transitions; strengthening multilateral co‑ordination; and delivering global analysis to inform policy dialogue.With significant milestones achieved in 2024, the CETP has supported over 320 high‑level meetings with policy makers, conducted 735 workshops and technical exchanges with…
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Competitiveness
Multiple benefits of Energy Efficiency 2025 Energy efficiency provides multiple benefits. This page explores competitiveness. Why is energy efficiency important for competitiveness? Increasing energy efficiency can improve competitiveness at both the firm level – by reducing costs, improving operations and increasing product value – and at the country level, by reducing the amount of energy required to produce economic output. Key facts Today the world’s industries produce nearly 20% more value added with a given amount of energy, compared with two decades ago. In the industrial sector, energy management can lead to more than 10% in annual energy cost savings within…
