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International Energy Agency

The International Energy Agency is an autonomous intergovernmental organisation that serves as a policy adviser on energy security, economic development and environmental sustainability. Established in 1974 in the wake of the oil crisis, the agency was originally focused on coordinating collective responses to oil supply disruptions among industrialised nations. It is headquartered in Paris and operates under the framework of the Organisation for Economic Co-operation and Development (OECD). The agency's membership comprises 31 countries, predominantly advanced economies, though it has expanded engagement with major emerging markets including China and India. Its core mandate includes maintaining emergency oil stocks, promoting energy efficiency, supporting the development of alternative energy sources and providing authoritative data and analysis on global energy markets. The International Energy Agency publishes influential reports on energy trends, including the annual World Energy Outlook, and has increasingly focused on the energy transition, renewable energy deployment and pathways to net-zero emissions. Its analysis and forecasts on electric vehicles, battery storage, renewable energy capacity and fossil fuel demand are widely cited by governments, industry and investors. The agency also monitors and reports on energy security risks, including supply disruptions and geopolitical developments affecting oil, gas and critical minerals markets. Since the 2010s, the International Energy Agency has positioned itself as a leading voice on climate and clean energy policy, advising member and partner countries on strategies to decarbonise their energy systems while maintaining economic growth and energy access.

International Energy Agency News


Coal heaps
China’s coal-to-chemicals push pays off with record profits
Updated 7 hours ago By: Bloomberg

China’s decade-plus quest to replace oil with coal in chemicals production is paying off for industry leader Ningxia Baofeng Energy Group, which pulled in record profits as crude prices soared... 


Oil rig
Global 2026 oil supply shortfall to deepen as Hormuz reopening remains elusive, IEA says
Updated 7 hours ago By: Reuters

Global oil supply will fall by 4.3-million barrels per day (bpd), or around 4%, this year, the International Energy Agency (IEA) said on Wednesday, as renewed hostilities in the Middle East disrupt... 


East Africa – electrification succeeds when it includes all
East Africa – electrification succeeds when it includes all
4th August 2026

By: Symphrose Ochieng - Infrastructure Segment  & Power Systems Business Leader at Schneider Electric There is a lot to be said for a region that leads by example and East Africa’s renewable energy... 


A worker stacks copper plates
Zambia bets on Pan-African metals exchange to boost mining wealth
28th July 2026 By: Bloomberg

Zambian President Hakainde Hichilema plans to spearhead the creation of a Pan-African minerals and metals exchange to help the continent capture greater benefits from its natural resources. The... 


AI – how the next moon race is right here on Earth
AI – how the next moon race is right here on Earth
23rd July 2026

By: Steven Santini - Vice President for Secure Power, SSA at Schneider Electric In 1969, the world watched in awe as Neil Armstrong took “one small step for (a) man, one giant leap for mankind”, a... 


Oil refinery
Forget crude, war pushes refiners to the brink - Reuters
20th July 2026 By: Reuters

The global oil refining industry is flashing warning signs. The supply chain for the products that fuel the global economy is under growing stress as conflicts in the Middle East and Russia ripple... 


Strait of Hormuz
Global energy security at risk if Strait of Hormuz does not open in weeks, IEA chief says
17th July 2026 By: Reuters

If the US and Iran do not increase oil flowing through the Strait of Hormuz soon, the world should worry about energy security, International Energy Agency (IEA) executive director Fatih Birol said... 


Photo of Terence Creamer
Think electricity
17th July 2026 By: Terence Creamer

Global statistics continue to reaffirm the role of electricity as the future dominant energy carrier. More and more energy services are being electrified, including through electric vehicles, while... 


Oil in hand
Oil prices settle at pre-Iran war levels as crude output grows
7th July 2026 By: Reuters

Oil prices settled around pre-Iran war levels on Monday as Saudi Arabia slashed its official selling prices, OPEC+ approved another production target increase starting in August, and exports... 


Magazine Cover Image
Demand for electricity to outpace economic growth and reshape investment
19th June 2026 By: Schalk Burger

Global electricity demand is set to outpace economic growth as part of a broader trend up to 2030, with electricity consumption projected to grow at least two-and-a-half times as fast as overall... 


Chinese flag
China defends critical minerals export controls after G7 statement
18th June 2026 By: Reuters

BEIJING - China defended its export control measures on critical mineral supplies and urged the Group of Seven nations to respect market economy principles and international trading rules rather... 


Kenya President William Ruto
Kenya, US close in on critical minerals deal, Ruto says
18th June 2026 By: Reuters

Kenya is close to sealing a critical minerals deal with the U.S. under which it would process its own resources domestically, its president said on the sidelines of the G7 summit on Thursday,... 


Oil rig operation in Iran
IEA sees significant 2027 oil surplus after Hormuz recovery
17th June 2026 By: Reuters

The oil market will move into a significant supply surplus in 2027 after recovering from the closure of the Strait of Hormuz, the International Energy Agency (IEA) said in its monthly oil market... 


Eskom generation head Bheki Nxumalo
South Africa set to run coal stations longer as gas projects lag
12th June 2026 By: Bloomberg

South Africa is poised to delay the retirement of about a fifth of its coal-fired electricity-generation capacity as gas projects earmarked to replace them remain behind schedule, contrasting a... 


IEA executive director Fatih Birol
Countries prioritising domestic energy options amid ‘largest-ever energy security crisis’
12th June 2026 By: Terence Creamer

Countries are increasingly prioritising domestic energy resources as they seek to reduce their reliance on imported fuels in response to what the International Energy Agency (IEA)  is describing as... 


Anglo American senior VP corporate affairs South Africa Nevashnee Naicker.
Strong exploration system essential to mining’s future, Junior Indaba points out
9th June 2026 By: Martin Creamer

A strong and vibrant exploration system is essential to the future of the mining sector, and to advancing transformation, inclusion, and long-term growth in South Africa. In spelling this out at... 


Nearly 30% of all new cars sold this year to be electric – IEA
5th June 2026 By: Irma Venter

The latest edition of the International Energy Agency’s (IEA’s) Global Electric Vehicle (EV) Outlook 2026 forecasts that nearly 30% of all new cars sold globally this year will be electric.... 


Photo of Terence Creamer
Big and small pictures
29th May 2026 By: Terence Creamer

Much has been written in recent weeks about the geopolitical factors now driving the energy transition. Particular attention has been given to how the attack on Iran by the US and Israel, which... 


Eskom generation head Bheki Nxumalo
South Africa set to run coal stations longer as gas projects lag
28th May 2026 By: Bloomberg

South Africa is poised to delay the retirement of about a fifth of its coal-fired electricity-generation capacity as gas projects earmarked to replace them remain behind schedule, contrasting a... 


Critical minerals
Canadian Stock Exchange welcomes newest critical minerals explorer Purecore
18th May 2026 By: Creamer Media Reporter

The Canadian Stock Exchange (CSE) has welcomed its newest critical minerals exploration company Purecore Metals. The company is building a critical minerals portfolio aligned with long-term trends... 


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pqt: 0.082s - ct: 0.133s - 275pq - 2rq
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