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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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Electricity 2026 Prices
Affordability and competitiveness take centre stage Average wholesale electricity prices in 2025 rose year-on-year in multiple regions and countries, including Europe and the United States, while others such as India and Australia saw lower prices compared to 2024. Looking at electricity prices for energy-intensive industries, significant variations across regions remain. EU electricity prices for energy‑intensive industries stayed elevated in 2025, again averaging over twice US levels and nearly 50% above those in China, similar to 2024, adding competitive pressure.At the same time, negative wholesale electricity prices became more common across many markets. Exceptions include the Nordic region…
- Executive summary
- Demand
- Supply
- Grids
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+ 4 pages
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Energy savings
Multiple benefits of Energy Efficiency 2025 Energy efficiency provides multiple benefits. This page explores energy savings. Why is energy efficiency important for energy savings? Energy efficiency measures reduce the amount of energy required to fuel and grow our economies. In economies where energy demand is set to grow significantly, efficiency also helps improve people’s lives by increasing access to additional energy services. Key facts In the last two decades, efficiency measures have generated over 27 EJ of energy savings in IEA countries alone, equivalent to 20% of total energy demand.The industry (including manufacturing) and services (including commercial buildings) sectors…
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What Next for the Global Car Industry The global car industry in context
Highlights Global car markets are undergoing potentially transformative changes. Car sales reached a high point in 2017 and have bounced back from a pandemic-related drop due to sales of electric and hybrid cars; sales of conventional cars have continued to fall. Growth has shifted to emerging economies including China since the turn of the century, with around half of all sales now in these regions. Global car production has grown unevenly since the pandemic. China’s car output reached a record 27 million in 2024, 30% higher than in 2019, while India’s output grew 30% to almost 5…
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Energy and AI
Energy and AI The development and uptake of artificial intelligence (AI) has accelerated in recent years – elevating the question of what widespread deployment of the technology will mean for the energy sector. There is no AI without energy – specifically electricity for data centres. At the same time, AI could transform how the energy industry operates if it is adopted at scale. However, until now, policy makers and other stakeholders have often lacked the tools to analyse both sides of this issue due to a lack of comprehensive data. This report from the International Energy Agency (IEA) aims to fill this…
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Electrolysers
Country and regional highlights
Progress is spread across different continents, from China, which leads on installed capacity, to the European Union, which have adopted important policies, and other regions like India and the Middle East moving forward with a small number of large-scale projects
Technology deployment
Global installed electrolyser capacity reached 1.4 GW at the end of 2023, almost double the one at the end of 2022
Technology manufacturing
Innovation
Policy
Investment
Acknowledgements
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Household Energy Affordability
Energy is one of the top expenses for millions of households, making energy affordability an important policy concern for governments. The impacts of the global energy crisis on consumer prices have been significantly felt in household budgets. Despite coming down from their peak in 2022, prices remain elevated compared to pre-crisis levels and households continue to grapple with higher living costs.This report sets out to identify key trends that are shaping the state of energy affordability around the world today. It explores how system drivers and household energy consumption influence the makeup of energy bills and opens a…
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How global oil supplies have readjusted to help fill the huge gap left by the Strait of Hormuz shock
commentary Stock drawdowns, 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…
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Rare earth elements 2025
Outlook for key energy transition minerals This report provides an outlook for demand and supply for key energy minerals including copper, lithium, nickel, cobalt, graphite and rare earth elements. Demand projections encompass both key energy technologies and other uses under different IEA Scenarios. Supply projections are based on a detailed review of all announced projects. They show how today's geographical concentration evolves over time, for both mining and refining and how expected supply compares with primary supply requirements.
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Sustainable Transport for Georgia: A Roadmap Executive summary
Georgia is at a pivotal point in shaping sustainable transport policy. This roadmap guides policy makers in making transport cleaner, fairer and more efficient while building on Georgia’s strengths – its location, institutions, competitive wages, low-emissions electricity and natural resources. Key opportunities include assembling and producing electric vehicles; manufacturing cells and battery components for mobility and storage; strengthening regional freight links; and developing low-emission fuels.Road transport has become cleaner and more efficient, but progress needs to accelerate. Car ownership and freight activity have risen along with incomes, but this comes at a cost: Nearly all of Georgia…
