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            • Oil Market Report - June 2026

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                • Topic

                Energy Innovation

                …Co-ordinating Committee and the Working Party of Industrial Decarbonisation. The CERT has also established an Experts' Group on R&D Priority-Setting and Evaluation (EGRD) to advise on R&D priority-setting, linkages to governmental policy objectives and methods in the evaluation of R&D activities, and an understanding of emerging R&D topics. Energy innovation is critical to the global energy system, delivering advancements that shape how we produce, consume and distribute energy. From the creation of the first steam engine in the 17th century to the development of the wide array of modern energy technologies we use today…

                • Commentary

                • 22 Jun 2026

                How global oil supplies have readjusted to help fill the huge gap left by the Strait of Hormuz shock

                …alternative routes and suppliers, and agile refiners have all contributed during the crisis, avoiding far more severe impacts on demand Global energy markets have been contending with their largest supply disruption in history resulting from the near closure of the Strait of Hormuz, a vital artery for oil and gas shipments to reach global markets. The cumulative oil supply losses from producers in the Middle East now exceed 1.3 billion barrels, with flows through the Strait of Hormuz falling from around 20 million barrels per day prior to the conflict to an average of 2.7 million barrels per…

                • Country

                United Arab Emirates

                The majority of the energy produced in the United Arab Emirates is from natural gas and oil. The country is also a major exporter of oil and gas and it started using its strong solar PV potential in 2014 to produce electricity.

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                • Contributor

                Laura Cozzi

                Director, Sustainability, Technology and Outlooks. Laura Cozzi was appointed the International Energy Agency’s Director of Sustainability, Technology and Outlooks in 2023. She leads and co-ordinates the IEA’s work on energy sustainability, encompassing energy technology policy and climate change. She is also the Agency’s Chief Energy Modeller, and in this capacity co-leads the World Energy Outlook, the IEA’s flagship publication series.Ms Cozzi joined the IEA in 1999 as a junior analyst in the World Energy Outlook team. She has co-led many editions of the Outlook and led multiple special reports. Prior to joining the IEA, Ms Cozzi worked for the Italian energy company ENI S.p.A. She holds a Master’s degree in Environmental Engineering from the Polytechnic University of Milan and a Master’s degree in Energy and Environmental Economics from Eni Corporate University.Ms Cozzi was awarded an Order of Merit of the Italian Republic (Cavaliere dell’ordine al merito d...

                • Country

                Yemen

                In Yemen, less than half of the population has access to electricity. In 2010, the government launched a National Strategy for renewable energy and energy efficiency, which aims to develop grid and off-grid renewable energy and targets a 15% share of renewable electricity generation by 2025.

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                • + 5 pages

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                • Country

                Suriname

                The Intended Nationally Determined Contribution of Suriname to the Paris Agreement included commitments to improve sustainable forest management with the goal of enhancing the country's carbon sink potential, but no targets in terms of absolute or relative GHG emissions by 2030.

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                • + 5 pages

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                • Commentary

                • 21 Apr 2026

                How governments can best support consumers during this energy crisis

                How governments can best support consumers during this energy crisis The conflict in the Middle East has triggered a major shock to global energy markets, with the effective closure of the Strait of Hormuz triggering the largest supply disruption in the history of oil markets and significantly impacting supplies of natural gas and a range of energy-related commodities.As concerns over supply security have grown, prices have risen across several parts of the energy system, increasing pressure on household budgets, public finances and economic activity more broadly. In response, many governments have announced emergency measures to protect consumers from…

                • Topic

                Energy Security

                …world in the coming decades as clean energy transitions advance, the threat posed by oil supply disruptions will not disappear anytime soon.Even once global demand starts to decline structurally, oil will remain an important part of the energy mix for some time. There is also good reason to believe that oil supply disruptions are even more likely to occur in the coming decades than they are today. This is due to an elevated risk of supply-demand imbalances, increasing supply concentration for both crude oil and oil products, a highly uncertain geopolitical outlook, and a plethora of additional risks…

                • Contributor

                Elizabeth Connelly

                Energy Technology and Transport Analyst. Elizabeth Connelly leads the transport analysis within the Energy Technology Policy Division and coordinates the Global EV Outlook report series. 

                • Report

                • May 2026

                Heat Pump Taxonomy

                A common framework for heat pumps classification and data Heat pumps are a cornerstone technology for achieving secure, affordable and sustainable heating. They have become one of the most common heating technologies and have the potential to impact significantly future trends for energy consumption in buildings and beyond.Tracking and analysing the pace of heat pump deployment compared to that of conventional heating technologies is essential for understanding future needs with regards to energy demand, investments in electricity infrastructure and fuel supply.Despite their growing importance, data on heat pump installations, as well as on their performance and cost, remain…

                Air-source heat pump on a green, sustainable building covered with vertically hanging flowering plants
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