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            • Oil Market Report - June 2026

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              All content Reports Data & Tools News & Events
              Authors Countries Energy system Newsletters Policies Programmes Sectors Topics
                • Contributor

                Ahmad Al Mugharbil

                Former Analyst in Energy Efficiency Division.

                • Contributor

                Shane McDonagh

                Energy Efficiency Policy Analyst –Transport.

                • Contributor

                Federico Callioni

                Energy Efficiency Policy Analyst.

                • Contributor

                Doyob Kim

                Former Energy Efficiency Analyst.

                • Topic

                The Middle East and Global Energy Markets

                The IEA is responding to the energy market impacts of the conflict in the Middle East and continues to closely monitor the latest developments.The disruption to oil and gas flows through the Strait of Hormuz and attacks on energy infrastructure across the region have major implications for energy security and affordability – and for the world economy. The IEA's Executive Director has said the combined impacts amount to "the greatest threat to global energy security in history." The war in the region that began on 28 February has impeded energy trade flows through the Strait, creating the largest supply disruption in…

                • Commentary

                • 25 Mar 2026

                Businesses see competitive value of energy efficiency, but smaller firms struggle to access solutions

                CEOs value energy efficiency, but SMEs struggle to benefit Energy efficiency is a strategic asset for industrial competitiveness. For companies facing tight margins, volatile energy prices and intensifying global competition, reducing energy waste is not only a cost-saving measure, but also a way to protect productivity, manage risk and strengthen their position in global markets. Yet not all firms have the same capacity to quickly improve their energy efficiency.New analysis of the 2025 IEA Industrial Competitiveness Survey – which covered 1 000 companies across 14 countries – shows that business leaders view energy efficiency as closely linked to their competitive performance…

                • Commentary

                • 06 Mar 2026

                The next wave of LED lighting: Smarter, circular and more efficient

                lighting commentary The first LED revolution reduced energy use worldwide – and a second wave of deployment is now taking shape As the world enters the Age of Electricity, lighting remains one of the most visible – and widespread – parts of our energy use.The IEA estimates that lighting in buildings and outdoor applications accounts for the majority of overall lighting electricity demand. In 2024, around 8% of global electricity demand – or about 2 200 terawatt hours (TWh) – was attributed to lighting in buildings and outdoor applications, excluding industry and agriculture. These figures reflect the latest available data and define the scope…

                • Commentary

                • 09 Jun 2026

                The energy crisis creates even stronger impetus for EU electrification

                …energy consumption relies on fossil fuels, of which the EU imports more than 80%.This commentary is the first in a series examining the case for electrification in the EU, identifying cost competitiveness and areas where targeted policies could catalyse change. Fuel price ratios determine electrification competitiveness To make electrification cost-competitive, electricity prices need to fall below a threshold ratio relative to the price of fossil fuels. Because most electrification options are several times more efficient than conventional alternatives, they can be cheaper to operate than conventional fuel-based technologies even when electricity costs more per unit of energy…

                • Commentary

                • 21 Apr 2026

                How governments can best support consumers during this energy crisis

                …relief, such as fuel price caps or tax cuts, and through demand-side measures aimed at reducing energy use. Designing these measures well is critical, and international experience offers useful lessons. While easy to deploy, untargeted energy bill support primarily benefits higher-income households and puts pressure on public finances When prices rise sharply, governments often first turn to broad-based price support measures that can provide immediate relief to consumers. This is already happening, with several countries in Asia and Europe temporarily capping fuel prices or reducing energy taxes.However, while untargeted support measures can be implemented relatively quickly…

                • Commentary

                • 19 Jun 2026

                Delivering on the EU’s electrification ambitions

                …renewed attention to the EU’s target of increasing electrification from 24% today to 32% of energy consumption by 2030.This commentary is the second in a series examining the case for electrification in the EU. The previous instalment looked at the cost-competitiveness of electric technologies under 2025 price conditions. This commentary explores where new electricity consumption is expected to emerge across end-use sectors in order to reach the 32% target, and some of the challenges and opportunities that come with it.Over the past decade, electricity demand has grown almost twice as fast as energy demand globally…

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