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            • Oil Market Report - June 2026

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                • News

                • 15 Apr 2026

                IEA Executive Director named in Time 100 list of world’s most influential people for 2nd time

                Inclusion of Dr Fatih Birol in prestigious global list underscores critical importance of reliable energy in modern life and of the IEA’s work as the global energy authority IEA Executive Director Fatih Birol has been named by Time as one of the world’s most influential people for the second time, placing him in this year’s illustrious Time 100 list alongside distinguished leaders from government, business, culture and sport from around the world. The Time 100 list recognises the impact, innovation and achievement of the most influential individuals across the globe. Dr Birol was previously included in the…

                • News

                • 04 Mar 2026

                IEA supports Brazil’s Ministry of Mines and Energy in developing a national energy data strategy

                …data strategy, Acting Secretary of Energy Transition and Planning at the MME Lorena Perim said: “More than just an initiative of the Ministry of Mines and Energy, this is a collective effort of the sector, which recognizes information as a strategic asset to ensure predictability, reliability, and the continuous improvement of institutions."During the workshop, participants discussed key elements of the future strategy, including its vision, mission, values and objectives, while mapping challenges, identifying barriers and highlighting priority areas for improvement. The discussions will be used as an input to inform the development of the national energy data strategy, which…

                • News

                • 22 Apr 2026

                IEA Executive Director meets German Chancellor to discuss energy security and industrial competitiveness

                …discuss the latest developments in oil and gas markets and the IEA’s response to the unfolding energy crisis. And he met with Environment, Nature Conservation and Nuclear Safety Minister Carsten Schneider for a discussion on the energy implications of the Middle East conflict and the prospects for different fuels and technologies.In Berlin, Dr Birol delivered a speech in the high-level segment of the Petersberg Climate Dialogue in the company of Chancellor Merz. In his remarks, Dr Birol spoke about the impacts of the current energy crisis, how potential policy responses could shift the longer-term energy outlook…

                • News

                • 23 Jan 2026

                Growth in global demand for natural gas is set to accelerate in 2026 as LNG wave spreads through markets

                …year of LNG liquefaction capacity reaching final investment decision. This was the second highest annual amount on record after 2019. The United States led the new investment wave, accounting for over 80 bcm of approved annual capacity, reinforcing its position as the world’s largest LNG supplier. The project development was accompanied by record LNG contracting activity, signalling continued confidence in the long-term role of LNG in global gas markets.Global LNG supply growth is expected to accelerate further in 2026 to more than 7%, its fastest pace since 2019. North America is set to account for the vast…

                • News

                • 07 May 2026

                Executive Director meets with Prime Minister of Canada on energy market turmoil amid Middle East conflict

                Discussions with government leaders in Ottawa focus on impacts of Strait of Hormuz disruption and Canada’s opportunity to become one of the world’s major energy exporters IEA Executive Director Fatih Birol met this week with Prime Minister Mark Carney of Canada and senior government figures to discuss key issues including the energy crisis resulting from the war in the Middle East and Canada’s contributions to international energy security.In their bilateral meeting in Ottawa, Dr Birol and Prime Minister Carney spoke about the implications of the disruptions to shipping traffic through the Strait of Hormuz on global…

                • News

                • 10 Jun 2026

                Representatives of IEA’s Technology Collaboration Programme gather in Paris to discuss strengthening international collaboration on energy innovation

                …collaboration on energy innovation On 9 and 10 June 2026, the IEA hosted the sixth Universal Meeting for its Technology Collaboration Programmes (TCPs) at the IEA’s headquarters in Paris, bringing together close to 80 representatives from the TCPs, governments and the Mission Innovation (MI) initiative.IEA Executive Director Fatih Birol delivered an address to participants on the implications of the current energy crisis for energy innovation, noting it could boost innovation efforts for key technologies, as was the case after the crises of the 1970s. The IEA’s Director of Sustainability, Technology and Outlooks Laura Cozzi and Chief Energy Technology…

                • News

                • 26 Mar 2026

                New podcast episode highlights 10 options to ease impacts of rising oil prices on consumers

                …IEA analyst focused on energy efficiency. They note that while the IEA is coordinating the release of 400 million barrels of oil from its Member countries’ emergency reserves to help counter the supply disruptions, actions on the demand side can also play a key role.On the episode, they discuss 10 immediate options that could help shelter consumers from the effects of the current oil market shock, from encouraging work from home where possible to reducing speed limits on highways and ensuring liquefied petroleum gas (LPG) reaches those who need it most for cooking.The Everything Energy podcast offers perspectives…

                • News

                • 02 Apr 2026

                New podcast episode explores energy crisis impacts in Southeast Asia

                …examines how the energy crisis stemming from the war in the Middle East is affecting people across Southeast Asia – a region that has been hit particularly hard from an energy perspective by the near closure of the Strait of Hormuz.Now available on Apple Podcasts and Spotify, the episode features Sue-Ern Tan, Head of the IEA’s Regional Cooperation Centre in Singapore. She explains why countries in Southeast Asia are especially exposed to current energy supply disruptions, how price increases and fuel shortages are already affecting daily life, and the steps governments are taking to cushion the impacts.The Everything Energy podcast offers…

                • News

                • 15 Mar 2026

                Update on IEA collective action decision of 11 March 2026


                Oil from the IEA emergency reserves will soon start flowing to global markets
                following the
                announcement on 11 March
                that IEA Member countries will make 400 million barrels of oil available to
                the market in response to the
                disruptions resulting from the Middle East conflict.
                Individual implementation plans have been submitted to the IEA by Member
                countries. These plans indicate that stocks will be made available by IEA
                Member countries in Asia Oceania immediately while stocks from IEA Member
                countries in the Americas and Europe will be made available starting from the
                end of March.
                IEA Member countries have so…

                • News

                • 24 Apr 2026

                Middle East crisis disrupts international natural gas markets and delays global LNG supply wave

                Gas Market Report Q2 2026 IEA’s latest quarterly report shows how the ongoing supply shock and infrastructure damage are increasing price volatility and pushing back easing of global gas balances The global natural gas market outlook has been significantly altered by the conflict in the Middle East, according to the International Energy Agency’s latest quarterly gas market report, with a major supply shock disrupting market fundamentals and pushing back an expected wave of new LNG supply.The disruption to shipping through the Strait of Hormuz since the start of March has created unprecedented uncertainty, removing close to 20…

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