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Statement by IEA Executive Director Fatih Birol on meeting of G7 Energy Ministers at IEA headquarters
…currently hold over 1.2 billion barrels of public emergency oil stocks, with a further 600 million barrels of industry stocks held under government obligation.Given conditions in oil markets, I have convened an extraordinary meeting of IEA Member governments, which will take place later today to assess the current security of supply and market conditions to inform a subsequent decision on whether to make emergency stocks of IEA countries available to the market.As well as IEA Members, I am also in close contact about the situation with energy ministers from key energy producers and consumers around the world.
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Austria can build on its strong energy ambitions through targeted reforms and faster delivery
…next phase of its energy transition with some notable strengths. It already has a higher share of renewables in its electricity mix than any other country in the European Union – supported by a large hydropower fleet that accounts for around 60% of electricity generation and significant pumped hydro storage capacity. Austria is also a leader in developing an integrated plan for electricity, gas, hydrogen and storage infrastructure.The IEA report finds that Austria’s efforts to bolster energy security and reduce emissions reinforce one another. The review also highlights the major shift in Austria’s energy security position since 2022…
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Average annual energy bill for gasoline car and battery electric car, 2025
Europe Energy Security Trucks and Buses Electricity Transport
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Energy demand and CO2 emissions in Southeast Asia in the Announced Pledges Scenario, 2015-2025
Asia Pacific Energy Security
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Executive Director meets with King and Prime Minister of Sweden to discuss energy priorities
…on energy security and industrial competitiveness and a seminar on the role of competition in the Age of Electricity. Dr Birol delivered a keynote speech at the seminar, which was attended by the King of Sweden and over 150 prominent figures from government, industry and academia. The speech focused on the opportunities for Europe of electrifying more areas of its economy to achieve its strategic priorities.Dr Birol had a bilateral meeting with the King after the event. They spoke about current energy and geopolitical topics, including innovation and the role of nuclear power in the Sweden’s energy mix…
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Decision makers discuss strategies for achieving energy priorities at COP31-IEA High-Level Dialogue in London
Participants from 20 countries exchange views on ways to simultaneously improve energy security, affordability and sustainability – including by accelerating electrification, cutting waste and expanding clean cooking access The IEA and the COP31 Presidency today convened the second in a series of High-Level Energy Transition Dialogues taking place ahead of the COP31 summit in Antalya, Türkiye in November.Taking place during London Climate Action Week, the event brought together government ministers from around the world, as well as a broad range of other high-level stakeholders, including leaders from five previous COP Presidencies, private sector executives and civil society figures…
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Joint Statement by the Heads of the International Energy Agency, International Monetary Fund, World Bank Group, and World Trade Organization
…If shipping flows do not return to normal, continued rapid depletion of global oil inventories ahead of peak summer oil demand in the Northern Hemisphere would present increasing risks for fuel security, market conditions, and broader economic resilience.“We met to take stock of the impacts, discuss the situation in the most affected countries and regions, and coordinate our support to those in need. We also explored options to further enhance collective support through multilateral and bilateral actions.“We highlighted the importance of closely monitoring fertilizer supply chains, energy and economic developments as well as policy responses. In this regard…
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Strait of Hormuz crisis reinforces need for Southeast Asia to tackle major energy vulnerabilities
…Strait of Hormuz have exposed major structural risks in Southeast Asia’s energy sector, a new IEA report finds, with stronger action needed to bolster energy security and affordability as the region’s energy use soars.The 2026 edition of the Southeast Asia Energy Outlook, out today, provides a comprehensive assessment of the latest energy developments across the region, as well as updated projections for the coming decades. It examines energy trends across the 11 countries that make up the Association of Southeast Asian Nations (ASEAN).As energy security concerns move ever higher on the policy agenda for countries in…
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11th Annual Global Conference on Energy Efficiency
…top priority for governments worldwide as they work to ensure energy security and affordability while reducing emissions. Despite this, global progress has slowed over the past few years, locking in wasted energy, higher costs, and increased emissions.The IEA Annual Global Conference on Energy Efficiency is the leading international forum for advancing energy efficiency. Each year, it brings together ministers, CEOs, and senior leaders from government, finance, and business sectors across the globe.Many governments are implementing policies to boost energy efficiency, and the IEA’s Global Conference on Energy Efficiency aims to provide policy makers with real-world solutions…
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Critical Minerals Security Programme
…advanced manufacturing, making them central not only to energy security but also to broader national and economic resilience. The IEA Critical Minerals Security Programme is the Agency’s flagship framework designed to help countries strengthen mineral security. Building on the IEA’s leading analytical capabilities in critical minerals markets and its long-standing experience in safeguarding energy security, the Programme was first established at the 2022 IEA Ministerial and has since been substantially expanded. In 2026, IEA Ministers commended the significant progress made under the Programme and adopted a Declaration Supporting the IEA’s Work on Critical Minerals Security, directing…