International Energy Agency news

The IEA offers commentary on how recent conflict in the Middle East has impacted global oil markets, with particular focus on the disruption in the Strait of Hormuz and LNG supply.

The 32 Member countries of the IEA have agreed to make 400 million bbl of oil from their emergency reserves available to the market to address disruptions in oil markets stemming from the war in the Middle East.

The IEA has predicted that rapid expansion of LNG supply, mostly from North America, is expected to reduce market pressures at a time of heightened geopolitical uncertainty.

Markets brace for shifting dynamics amid the IEA's warnings of supply surpluses, moderating demand growth, and ongoing geopolitical uncertainty.

Following a slowdown in 2025, growth in global demand for natural gas is expected to rise in 2026, according to the IEA’s 2Q25 Gas Market Report.

The IEA’s latest Oil Market Report has demonstrated a structural shift in the industry, accelerating the need for automation and intelligent flow control at refineries to maintain profitability and operational resilience.

At COP28, the IEA's delegation emphasised urgent actions needed to keep the 1.5°C goal in reach.

Producers must choose between contributing to a deepening climate crisis, or becoming part of the solution by embracing the shift to clean energy, an IEA special report says.

A high-level conference in Paris has addressed how setting Europe on the path to net zero emissions can unlock industrial potential and benefit energy consumers.

In its June 2022 Oil Market Report, the IEA expects net global refining capacity to expand by 1.0 million bpd in 2022, and by an additional 1.6 million bpd in 2023.