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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…
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Climate Change
The IEA and the UNFCCC are building consensus on actions to deliver 1.5 °C-aligned energy transitions; and supporting the next round of Nationally Determined Contributions under the Paris Agreement – while deepening existing cooperation on data and capacity building. The IEA and the UNFCCC are building consensus on actions to deliver 1.5 °C-aligned energy transitions; and supporting the next round of Nationally Determined Contributions under the Paris Agreement – while deepening existing cooperation on data and capacity building. The global energy system is the bedrock of modern economies and societies – providing power to everywhere we live and work…
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Critical Minerals
Critical minerals are essential for a range of today’s energy technologies and for the broader economy. For example, lithium, nickel, cobalt, manganese and graphite are crucial to battery performance. Rare earth elements are essential indispensable to the permanent magnets used in wind turbines and electric vehicle motors. Electricity networks need a huge amount of aluminium and copper, the latter of which is the cornerstone of all electricity-related technologies. As demand for these materials grows strongly, their strategic importance has also increased – and policymakers have made ensuring secure and resilient mineral supply chains a major priority. Critical Minerals Security…
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The Implications of Oil and Gas Field Decline Rates
Much attention today focuses on uncertainties affecting the future evolution of oil and natural gas demand, with less consideration given to how the supply picture could develop. However, understanding decline rates – the annual rate at which production declines from existing oil and gas fields – is crucial for assessing the outlook for oil and gas supply and, by extension, for market balances.The International Energy Agency (IEA) has long examined this issue, and a detailed understanding of decline rates is at the heart of IEA modelling and analysis, underpinning the insights provided by the scenarios in the World Energy Outlook.This new…
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Sheltering From Oil Shocks Targeted consumer support to enhance energy affordability
Many governments around the world are reacting quickly to protect consumers from increasing fuel prices. In the days following the conflict in the Middle East, the IEA has tracked announcements from around 40 countries that are deploying or considering deploying emergency measures to shelter consumers from price increases. Immediate government responses have been to implement price caps, fuel subsidies and shifts in taxation, along with price stabilisation mechanisms that can quickly set limits on consumer price increases. Previous crises, including the Covid-19 pandemic and the 2022 energy crisis, demonstrated that impacts often fall disproportionately on the poorer segments of…
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Electricity Mid-Year Update 2025 Executive summary
Global electricity demand on course to expand robustly in 2025 and 2026 despite economic headwinds Global power demand is expected to rise much faster over the forecast 2025‑2026 period than it did during the past decade. While slower than the 4.4% surge in 2024, growth forecasts of 3.3% for 2025 and 3.7% for 2026 remain among the highest rates observed in the past decade and well above the 2015-2023 average of 2.6%. Despite a slowdown in economic activity, which has weighed on global electricity use so far in 2025, heatwaves continue to add to demand…
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World Energy Employment 2025 Executive summary
In 2024, global energy employment growth outpaced job gains in the wider economy for the third year in a row. Continued strong investment in energy infrastructure underpinned expanding energy employment, up by 2.2%, nearly double the economy-wide rate of 1.3%, bringing total energy sector jobs to 76 million. Since 2019, 5.4 million energy workers have been added – about 2.4% of all new jobs globally. In some countries, its contribution is far larger, reaching one in five new jobs in China and one in ten in the United States since 2022. The pace of the expansion in recent…
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Mauritania
In 2019, Mauritania’s energy mix was dominated by oil products (65%) and biofuels and waste (32%). In 2020, 43% of the population had access to clean cooking which is the highest share in West Africa. In 2020, 47% of the population had access to electricity. For electricity access, the country targets universal access in urban areas and doubling of the current rate in rural areas by 2024, with country-wide universal access by 2030. For clean cooking, the target is 100% access to LPG in urban areas and 50% access to LPG in rural areas by 2030.
- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
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Saving Energy
Today's energy shortages and high prices makes it more important than ever to use energy wisely With today’s global energy crisis resulting in high prices and shortages that are hurting consumers, businesses and entire economies, it has never been more important to use energy more wisely. We can do this through simple changes in behaviour and habits to consume less energy in our daily activities. We can also save energy by investing in more energy efficient products that reduce both our energy bills and our environmental footprint. Energy saving tips 7 ways to save energy 1. Heating: turn…
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Renewables in District Energy Executive summary
District energy is a strategic lever for energy security and emissions reduction District energy supplies around 10% of global final energy consumption for heat. As heating and cooling account for more than half of global end-use energy consumption today, this corresponds to around 5% of total energy consumption. District heating and cooling systems offer an efficient, large-scale solution for energy diversification in areas with sufficiently dense demand. By producing heat or cold centrally and distributing it through insulated networks, district energy systems can integrate diverse energy sources - including renewables - optimise demand management at scale, and support coordinated infrastructure…
