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Oil Market Report - January 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 growth is forecast to average 930 kb/d in 2026, up from 850 kb/d in 2025, reflecting a normalisation of economic conditions after last year’s tariff turmoil and lower oil prices than a year ago. A recovery in petrochemical feedstocks demand…
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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…
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Nickel
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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World Energy Investment 2025 Middle East
The Middle East is rich in a wide range of energy resources, which it is looking to develop with a mix of foreign and domestic sources of investment The Middle East holds some of the lowest-cost oil and gas resources in the world, and in 2024 provided around 30% of global oil production and 17% of global natural gas production. Saudi Arabia’s upstream oil and gas investment is the highest in the region, and is set to reach about USD 40 billion in 2025, nearly 15% higher than in 2015. Overall, the Middle East is set to invest about USD 130 billion…
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Oil 2025
Analysis and forecast to 2030 Global oil markets have so far had a turbulent 2025. Heightened trade tensions and uncertainty have weighed on the world economy and, by extension, oil demand growth. Combined with the recent OPEC+ decision to accelerate the unwinding of oil production curbs that have been in place for several years, these factors have recently pushed international oil prices to four-year low in April and early May. At the same time, shifts in energy policies are affecting oil producers and consumers alike, with oil supply security remaining high on the international energy policy agenda.Oil 2025…
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Korea 2025
Energy Policy Review Government action plays a pivotal role in ensuring secure and sustainable energy transitions. Energy policy is critical not just for the energy sector but also for meeting environmental, economic and social goals. Governments need to respond to their country’s specific needs, adapt to regional contexts and help address global challenges. In this context, the International Energy Agency (IEA) conducts Energy Policy Reviews to support governments in developing more impactful energy and climate policies.This Energy Policy Review was prepared in partnership between the Government of Korea and the IEA. It draws on the IEA’s extensive…
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Global Energy Review 2026 Technology: Solar PV and wind
In 2025, global annual renewable capacity additions increased by 16%, reaching 800 GW despite challenges linked to supply chain strains, grid connection delays, financial pressures and policy shifts. This marked the 23rd consecutive year that renewables set new expansion records. Solar PV accounted for more than three-quarters of new renewable capacity additions worldwide, followed by wind (20%). The remaining share was made up by hydropower, bioenergy, geothermal, concentrating solar power and marine energy. Solar PV capacity additions in 2025 rose by around 12%, surpassing 600 GW for the first time. This expansion brought cumulative solar PV capacity to around…
- Key findings
- Global trends
- Oil
- Natural gas
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+ 9 pages
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Global battery markets are growing strongly – and so are the supply risks
part 1- lithium-ion batteries Batteries’ importance is increasing across key sectors including autos, power, data centres and beyond The global lithium-ion battery market exceeded USD 150 billion in 2025, an increase of over 20% from 2024, but its economic and strategic significance extends far beyond market size. Batteries are becoming a cornerstone of the automotive sector, a critical source of flexibility for power systems, and an increasingly important source of back-up power for digital infrastructure, including data centres and artificial intelligence.Beyond energy, batteries remain indispensable for a wide range of industrial and strategic applications, from portable…
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World Energy Investment 2025 Latin America and the Caribbean
Clean energy investment in Latin America has grown by nearly 25% in the past decade, highlighting regional progress despite diverse country contexts and transition pathways In Latin America and the Caribbean, a region characterised by diverse economic, political, and energy landscapes, GDP grew by 15% between 2015 and 2025, driven by Mexico, Colombia, Chile and Costa Rica, which experienced increases of between 10% and 40%. Since 2015, clean energy investment increased by nearly 25%, reaching USD 70 billion in 2025. Chile, Colombia and Costa Rica accounted for the largest increase, given the doubling of renewable investment flowing into the three countries. Brazil…
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Cuba
Cuba’s energy supply mainly comes from oil products, accounting for over 80% of power generation.
- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
![Cuba Flag]()
