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Oil Market Report - October 2025
…d next year based on the current production agreement.Global crude runs will reach a seasonal low of 81.6 mb/d in October, nearly 4 mb/d below July’s record level, as maintenance and escalating attacks on Russian infrastructure cut activity. Refinery runs will rise by 600 kb/d in 2025 and 460 kb/d in 2026, to 83.5 mb/d and 84 mb/d, respectively. Refining margins increased across the board in September, led by improved diesel and jet fuel cracks following the disruption to Russian refining and exports.Global observed inventories rose by a further…
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IEA Guide to Reporting Energy Technology RD&D Budgets
…reporting and a detailed classification of energy technologies. It defines RD&D in alignment with the OECD Frascati Manual and clarifies the scope of public and private sector reporting. It also provides instructions for completing the IEA questionnaire, covering budgetary stages, metadata reporting, and common issues. The classification system spans nine major technology groups, including energy end uses, fossil fuels, renewables, nuclear, hydrogen, CO₂ capture, critical minerals, and cross-cutting technologies. This structure supports accurate data collection and policy analysis, enabling governments and stakeholders to track RD&D investments and inform strategic decisions. The manual serves as a reference tool…
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Energy and AI
…industry and international experts. It includes projections for how much electricity AI could consume over the next decade, as well as which energy sources are set to help meet it. It also analyses what the uptake of AI could mean for energy security, emissions, innovation and affordability. Videos Tips for using the AI Agent Understand the limitations: This agent has been trained on the content of the IEA's Electricity 2025 report to make it easier to explore and understand the analysis it contains. The agent has access to a general knowledge base for training purposes, but it cannot access…
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Universal Access to Clean Cooking in Africa
…a pathway for all African countries to accelerate efforts by replicating the best historic rates of progress seen in other leading countries globally. This country-by-country analysis builds on the first-ever mapping of clean cooking infrastructure across Africa, as well as an assessment of clean cooking fuel availability and affordability in each region.The report is the latest entry in the IEA’s 25-year history of tracking progress on energy access and promoting clean cooking as a crucial part of the global energy agenda. The tracking in this report will continue to be updated in the future.
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Electricity Market Design
Building on strengths, addressing gaps Electricity markets play a central role in balancing supply and demand, guiding operational decisions and shaping investment outcomes. As systems change with higher shares of variable generation, greater decentralisation and evolving patterns of electricity use, the ability of market designs to deliver secure and affordable electricity has never been more critical. If market arrangements do not keep pace with these developments, the functioning of electricity systems could become more uncertain and more costly.This report provides a cross-regional assessment of how wholesale electricity markets and their complementary policy mechanisms are performing today. We find…
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Copper
Outlook for key energy transition minerals This report provides an outlook for demand and supply for key energy minerals including copper, lithium, nickel, cobalt, graphite and rare earth elements. Demand projections encompass both key energy technologies and other uses under different IEA Scenarios. Supply projections are based on a detailed review of all announced projects. They show how today's geographical concentration evolves over time, for both mining and refining and how expected supply compares with primary supply requirements.
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Southeast Asia Indicators Handbook for Just and Inclusive Transitions
Energy demand in Southeast Asia is growing, driven by rapidly growing population and economies, industrialisation and urbanisation. Many countries in the region have set out their own national decarbonisation targets and clean energy transitions commitments.Clean energy transitions in the region present unique opportunities to deliver broad socio-economic benefits, beyond emissions reductions, such as the creation of new decent jobs, economic diversification, reduced energy poverty and improved air quality. Tracking these benefits can help ensure that all parts of society benefit from these changes.In 2024, G20 leaders endorsed ten voluntary G20 Principles for Just and Inclusive Energy Transitions…
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The Value of Demand Flexibility
…electrified, decentralised and renewable-rich, managing when and how electricity is used is increasingly as important as expanding supply.The brief sets out a clear framework for understanding demand flexibility and highlights its contribution to an efficiency-first approach to power system planning and operation. By shifting or adjusting electricity use in response to system conditions, demand flexibility improves the utilisation of existing generation and network assets, reduces peak stress, lowers losses and curtailment, and supports more efficient integration of clean energy. It also delivers wider benefits, including enhanced energy security, lower system and consumer costs, and reduced emissions, when…
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Asset values
…the retrofit should be in line with energy cost savings to maintain affordability. Policy tools, such as mandatory energy performance ratings, financial incentives and tenant protections, can help ensure that asset value gains benefit both owners and occupants, especially vulnerable groups such as low-income households. Meanwhile, a landlord may be hesitant to invest in new energy efficiency equipment, as they are responsible for the capital cost, while the tenant is the one benefiting from lower energy bills. This is often known as a “split incentive.” However, evidence from the United States suggests that energy efficiency improvements are associated with…
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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…
