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Oil Market Report - November 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 World oil demand growth rebounded to 920 kb/d in 3Q25, mainly due to stronger deliveries in China. The third-quarter increase was more than double 2Q25’s 430 kb/d y-o-y expansion, as the macroeconomic picture broadly improved on easing trade tensions. Worldwide…
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Gas Market Report, Q3-2025
This quarterly Gas Market Report provides a short-term outlook for natural gas supply, demand, trade and more in 2025 and 2026. It finds that following a strong expansion in 2024, global gas demand rose at a much slower rate in the first half of 2025. Macroeconomic uncertainty, together with tight supply fundamentals and relatively high prices, weighed on natural gas consumption, particularly in price-sensitive markets in Asia. Both China and India recorded demand declines in the first half of 2025 compared with the same period in 2024. Europe’s liquefied natural gas (LNG) imports are expected to reach…
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Scaling Up Demand Flexibility
From peak management to efficient system operation This report has been developed as part of the International Energy Agency (IEA) Digital Demand-Driven Electricity Networks (3DEN) initiative to examine the growing importance of demand flexibility in electricity systems amid rising demand, increased renewable energy integration and the electrification of power systems. Case studies in chronological order to examine the changing role of demand flexibility over time from South Africa (2025), Thailand (2030) and Ireland (2035) demonstrate how demand flexibility improves reliability, reduces costs, supports renewables integration and manages network constraints. To realise these benefits, the report emphasises the role for…
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Viet Nam
In recent years, Viet Nam has increased its non-hydro renewable capacity targets in its power development plan, from 9.4% to 21% of total installed capacity in 2030, and decreased the share of coal-fired capacity from 52% to 43%.
- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
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Oil 2025
Analysis and forecast to 2030 Global oil markets have so far had a turbulent 2025. Heightened trade tensions and uncertainty have weighed on the world economy and, by extension, oil demand growth. Combined with the recent OPEC+ decision to accelerate the unwinding of oil production curbs that have been in place for several years, these factors have recently pushed international oil prices to four-year low in April and early May. At the same time, shifts in energy policies are affecting oil producers and consumers alike, with oil supply security remaining high on the international energy policy agenda.Oil 2025…
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Global Methane Tracker 2026
Around the world, many countries have made reductions in methane emissions a policy priority as part of their efforts to limit near-term global warming, enhance energy security, and improve air quality. The energy sector – including oil, natural gas, coal and bioenergy – accounts for around 40% of methane emissions from human activity and has some of the best opportunities to cut these emissions. The annually updated Global Methane Tracker provides essential data on methane emissions across the energy sector and the opportunities to bring them down.The Tracker presents the IEA’s latest sector-wide emissions estimates – based on the…
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Aluminium
Aluminium
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Canada
Canada has set an ambitious target to cut greenhouse gas emissions by 40-45% from 2005 levels by 2030 and to reach net zero emissions by 2050. Canada’s energy and economic profile presents both challenges and opportunities to achieving these targets given its profile as a major producer, consumer and exporter of energy. Energy production and use in Canada accounts for over 80% of the country’s GHG emissions, with oil and gas production alone accounting for around a quarter. Canada’s electricity system is already among the cleanest in the world, with heavy dominance of hydropower as well…
- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
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Land-Use Competition between Biodiversity and Net Zero Goals
A case study of Canada Meeting global targets for energy, climate, and biodiversity conservation has major implications for land use. To ensure that the tripling of renewable energy capacity by 2030 aligns with the goal of protecting 30% of the planet’s land and water by the same date, robust mechanisms that direct solar and wind projects away from the world’s most biodiverse areas are needed. To address the potential impacts of renewable development on biodiversity, the IEA developed the Renewable Energy and Land-Use Model (REALM), which identifies areas of overlap between renewable projects, critical mineral mining, and…
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Oil Market Report - March 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 Growth in global oil demand is set to accelerate to just over 1 mb/d this year, from 830 kb/d in 2024, reaching 103.9 mb/d. Asia accounts for almost 60% of gains, led by China where petrochemical feedstocks will provide the entirety of…
