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Tae-Yoon Kim
Head of Critical Minerals Division.
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Oil Market Report - October 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 Global oil demand rose by 750 kb/d y-o-y in 3Q25, as petrochemical feedstocks led a rebound from 2Q25’s tariff-afflicted 420 kb/d pace. Still, oil use will remain subdued over the remainder of 2025 and in 2026, resulting in annual gains…
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Wind
Wind has significant potential to boost growth in global renewable capacity
Electricity generation from renewables is expected to increase by 60% through 2030 – rising from 9 900 terawatt-hours (TWh) in 2024 to 16 200 TWh by the end of the decade. Wind accounts for almost a third of growth, second only to solar PV, which accounts for 60%.
Although wind power continues to face supply chain issues, rising costs and permitting delays today, global capacity is still expected to nearly double to over 2 000 gigawatts (GW) by 2030 as both advanced and developing economies tackle these barriers.
Around…
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COP28 Tripling Renewable Capacity Pledge 2025: Update Key Findings
New Nationally Determined Contributions (NDCs) show limited reflection of the pledge to triple global renewable capacity by 2030 agreed at COP28 Between COP28 and the end of COP30, only about two-thirds of NDCs have been updated (128) and fewer than half of these (53) explicitly reference the global tripling goal. Even fewer (32) contain quantifiable renewable capacity ambitions for 2030. NDCs continue to under-represent current government ambitions for installed renewable capacity by 2030 The NDC 3.0 round does not fully capture countries’ 2030 renewable capacity ambitions in all submitted NDCs. Including 2030 ambitions from previous NDC cycles, total…
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Universal Access to Clean Cooking in Africa Implications and policy considerations
A new recipe for success? Progress on clean cooking requires efforts from a wide range of stakeholders. These include efforts to enhance countries’ policy frameworks, address consumer affordability and other barriers to adoption, cultivate a skilled workforce and mobilise additional financing to the sector – themes discussed in this chapter.Access to low-cost debt will be key for companies to grow their customer base quickly. In the ACCESS, the share of debt financing in the sector increases from 35% today to over 50%. This depends on more financiers being able to assess and appropriately price risk clean cooking companies and…
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Electric Vehicles
Global electric car sales continue to break records as affordability improves
Despite recent economic headwinds that have put pressure on the auto sector, global sales of electric cars have continued to break records as electric models become increasingly affordable. Electric car sales exceeded 17 million globally in 2024, reaching a sales share of more than 20%. Just the additional 3.5 million electric cars sold in 2024 compared with the previous year is more than the total number of electric cars sold worldwide in 2020.
In 2025, sales of electric cars are expected to surpass 20 million, accounting for over…
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Global Energy Review 2025
Global Energy Review 2025 This edition of the Global Energy Review is the first comprehensive depiction of the trends that took place in 2024 across the entire energy sector, covering data for all fuels and technologies, all regions and major countries, and energy-related carbon dioxide (CO2) emissions. The latest data show that the world’s appetite for energy rose at a faster-than-average pace in 2024, resulting in higher demand for all energy sources, including oil, natural gas, coal, renewables and nuclear power. This growth was led by the power sector, with demand for electricity rising almost twice…
- Key findings
- Global trends
- Oil
- Natural gas
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+ 3 pages
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What Next for the Global Car Industry Executive summary
Fundamental shifts are reshaping global car markets The car industry is undergoing profound changes as electric car sales continue to rise and the geography of global car sales shifts. Global car sales approached 80 million in 2024 and have largely bounced back from their pandemic-related slump. Recent growth has been exclusively driven by sales of electric and hybrid cars, which made up around 30% of total car sales in 2024, while global sales of pure internal combustion engine (ICE) cars peaked in 2017 and have since fallen by 30%. By contrast, electric car sales grew more than 14-fold over…
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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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Oil Market Report - February 2026
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 Global oil demand is forecast to rise by 850 kb/d in 2026, up from 770 kb/d last year. As in 2025, non‑OECD economies will account for the entire increase, with China taking the lead on a country level. Petrochemical feedstock products will represent more…
