Oil
Oil markets are going through a period of extraordinary change as the United States is increasingly leading the expansion of global oil supplies, and demand is shifting from developed economies and transportation fuels to Asia and petrochemicals.
Read moreLast updated Aug 27, 2020
Key findings
Change in monthly oil demand in selected countries, 2020 relative to 2019
OpenGlobal oil demand fell by a record amount in early 2020
Oil demand by region and scenario, 2018-2040
OpenThe outlook for oil demand varies dramatically depending on scenario
Global methane emissions from oil and gas operations in the Sustainable Development Scenario, 2000-2030
OpenMethane emissions from oil and gas remain high despite industry initiatives and government policies
Data browser
Analysis
Statistics report
Monthly oil statistics
Data for OECD countries up to September 2020
Article
Oil Stocks of IEA Countries
Measured in days of net imports
Commentary
The case for energy transitions in major oil- and gas-producing countries
Article
Optimising fuels and engines to boost efficiency and performance
Part of Today in the Lab - Tomorrow in Energy?
Article
World Energy Outlook 2020: Frequently Asked Questions
Flagship report
World Energy Outlook 2020
Report
Oil Market Report - September 2020
Events
WEO week: The outlook for fuels
India energy industry event
Oil Market Report, December 2019
Statistics: Release of Monthly statistics Oil, Natural Gas and Prices
Latest news
IEA hosts week of live-streamed events to delve into World Energy Outlook 2020 analysis
Executive Director Participates in Indian Energy Meeting with PM Modi
World Energy Outlook 2020 shows how the response to the Covid crisis can reshape the future of energy
The Covid-19 crisis is causing the biggest fall in global energy investment in history
Reports
Our work
Created in 1979, the EOR TCP evaluates and disseminates the results of research and development of enhanced oil recovery (EOR). Its primary focus is on improving the economics of EOR, increasing the recovery of oil originally in place, and extending reservoir economic life. The activities of the EOR TCP mainly cover information exchange on independent research activities carried out by the participating countries, the results of which are disseminated through annual Executive Committee meetings, two-day workshops and one-day symposia.
Created in 2013, the GOTCP brings together representatives from governments, industry and academia in a global dialogue to explore the role of oil and gas technology in the energy transition. GOTCP aims to catalyse innovation across oil and gas technologies and to provide collaborative opportunities for enhancing national capabilities within both onshore and offshore activities.