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Oil Market Report - June 2025
…Conversely, plans by OPEC+ to accelerate the unwinding of voluntary output cuts added to the prospect of comfortable 2H25 balances. Geopolitical risk in focus Global oil markets were roiled by a rapid escalation in geopolitical tensions after Israel launched a series of air strikes on targets in Iran on 13 June and Tehran retaliated. The two countries have fought a shadow war for decades, but the current conflict is the most severe, with energy infrastructure also targeted for the first time. While there was no impact on Iranian oil flows at the time of writing, fears of a widening regional…
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Oil Market Report - May 2026
The May edition of the IEA’s Oil Market Report is exceptionally provided free of charge in an abridged format.For access to the full report, subscribers can visit their Products page.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 World oil demand is forecast to contract by 420 kb/d y-o-y in…
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Sheltering From Oil Shocks
…of supply is having significant impacts in global markets, pushing up prices for crude oil above $100/barrel, and leading to much higher prices for some refined products – notably diesel, jet fuel and liquefied petroleum gas (LPG). Concerns are growing about the impacts of higher prices on households, businesses and the broader economy.In this report, the IEA details 10 demand-side options open to households, businesses and governments to shelter themselves from today’s oil shock and relieve the strains on affordability. These are based on the IEA’s longstanding expertise on energy security and on specific country examples…
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Household Energy Affordability: Data and Indicators
A methodological framework for national monitoring Effective policy requires robust monitoring of household energy affordability, yet no unified methodological approach currently exists. The upcoming IEA report Household Energy Affordability: Data and Indicators, to be published in July, addresses this gap. This executive summary presents its key elements, including a robust methodological framework structured around dimensions, indicators and data to support policy discussions and national monitoring efforts.
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Electrification
Country and regional highlights
Electrification gains momentum across countries and sectors
CO2 emissions
In the Net Zero by 2050 Scenario, from now to 2030 most electrification-related emission reductions occur in transport
Energy
The share of electricity in energy demand will need to increase by 4% per year to get on track with the Net Zero by 2050 Scenario
Technology deployment
New cars and new houses are the main areas for deployment of electrification technologies
Policy
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China
China’s growing energy needs are increasingly met by renewables, natural gas and electricity. The scale of China’s future electricity demand and the challenge of decarbonising the power supply help explain why global investment in electricity overtook that of oil and gas for the first time in 2016, and why electricity security is moving firmly up the policy agenda. That said, cost reductions for renewables are not sufficient on their own to secure efficient decarbonisation or reliable supply.
Between 2019 and 2024, China will account for 40% of global renewable capacity expansion, driven by improved system integration, lower curtailment…- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
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World Energy Outlook 2025 Implications of CPS and STEPS
…ten years, reaching USD 1.2 trillion by 2035. Although total energy investment is marginally lower in the CPS than in the STEPS, energy prices and overall energy bills are generally higher. Supplies of key critical minerals are catching up with demand growth to 2035 if anticipated projects come through on time, with the important exception of copper. But the high level of market concentration means that there is a risk of significant shortfalls if supply from the largest producing countries is disrupted for any reason. By 2035, electricity is responsible for around 25% of total final consumption in both scenarios, compared…
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Oil Market Report - April 2025
…water.Global oil prices tumbled by around $10/bbl in March and early April as risk sentiment soured in the wake of proliferating US tariffs and mounting recession fears. The decision by some OPEC+ members to accelerate the unwinding of extra voluntary production cuts added to the bearish momentum. At the time of writing, Brent futures were trading at around $65/bbl, after earlier hitting their lowest levels in more than four years to below $60/bbl. Buckle up After a period of relative calm, global oil markets were roiled by a barrage of trade tariff announcements in early April…
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Oil Market Report - September 2025
…hopes for a near-term peace deal between Russia and Ukraine. However, the prospect of looming oversupply dampened any positive price impetus, as investor sentiment towards oil remained strongly bearish. Pushed and pulled Oil markets are being pulled in different directions by a range of forces, with the potential for supply losses stemming from new sanctions on Russia and Iran coming against a backdrop of higher OPEC+ supply and the prospect of increasingly bloated oil balances. China continues to stockpile crude oil, helping keep Brent crude futures in slight backwardation. Prices moved in a narrow band since August and at…
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World Energy Investment 2025 India
…However, foreign portfolio investment in energy has declined in the past two years due to a range of macroeconomic and sectoral factors, even as the longer-term trend has been one of steady growth.India’s cost of capital for grid-scale renewable energy is one of the lowest among its emerging market and developing economy counterparts. However, it is still 80% higher than in advanced economies. Higher financing costs affect the financial viability of projects, leading to higher energy prices. Furthermore, real and perceived risks affect the attractiveness of projects to investors. One such risk is off-taker risk…
