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International Energy Agency

International Energy Agency

Intergovernmental energy agency

Appears in 15 stories

Stories

Gas-only cars fall below half of global new-car sales for the first time

Money Moves

Tracks global EV adoption and fuel markets

Gasoline-only cars fell to 49% of global new-vehicle sales in the first half of 2026, the first time on record they have been below half. The share was 73% as recently as 2021.

Updated Yesterday

Trump lifts Russian diesel sanctions in deal with Putin

Rule Changes

Tracked the decline in Russian diesel output

On October 9 Trump said Russia would supply up to 4.8 million tons of diesel, and Treasury issued a license allowing imports through April 2027. The deal reverses years of U.S. policy that denied Moscow energy revenue for its war in Ukraine.

Updated Yesterday

Strategic Petroleum Reserve drains to lowest level since 1982

Built World

Coordinated the collective emergency release

The US Strategic Petroleum Reserve fell to about 283 million barrels in early October, its lowest level since 1982. The stockpile has declined every week since the drawdown began in late March, after President Trump authorized a 172-million-barrel exchange release.

Updated 4 days ago

G7 releases 100 million barrels of fuel to counter soaring prices

Built World

Coordinating the release

G7 leaders agreed Friday to release 100 million barrels of diesel and crude from emergency reserves over the next four months. The coordinated action follows weeks of pressure from President Donald Trump, who threatened to ban US diesel exports unless Europe tapped its stockpiles.

Updated 7 days ago

UN launches Global Grids Accelerator to unblock clean power in Africa and Southeast Asia

Built World

Source of grid data underpinning the launch

More than 2,500 gigawatts of renewable and storage projects are stuck waiting to connect to power grids worldwide—nearly twice the electricity generation capacity of the United States. On September 23, UN Secretary-General António Guterres launched a new initiative to break that bottleneck.

Updated Sep 27

Global coal demand set to reach record as Iran war cuts gas supplies

Built World

Publishing the forecast that documents record coal demand

In December, the International Energy Agency projected the world would burn slightly less coal this year. Now it expects a record 8.94 billion tonnes, up 1.2%: the war with Iran has cut LNG shipments through the Strait of Hormuz, making coal the cheaper option for power generators.

Updated Sep 12

Millions flee Iranian cities as US-Israeli strikes enter third week

Force in Play

Coordinating record oil reserve release to stabilize markets

The US-Israeli war on Iran began February 28 and displaced up to 3.2 million people inside the country in two weeks, per the UN refugee agency.

Updated Sep 4

Number of people without electricity has halved since 2000

Built World

Lead author of the Tracking SDG7 progress report

In 2000, 1.35 billion people lived without electricity. By May 2026, that count has fallen to roughly 675 million. The drop works out to about 334,000 new connections every day, sustained for a quarter century.

Updated May 31

Global energy investment hits record as clean spending widens lead over fossil fuels

Money Moves

Publisher of the World Energy Investment 2026 report

The International Energy Agency expects global energy spending to reach $3.4 trillion this year, with about $2.2 trillion flowing to clean power, grids, storage, and electrification. Oil spending falls below $500 billion for the third consecutive year. Gas investment hits a 10-year high at $330 billion, driven by LNG expansion in the US and Qatar.

Updated May 29

Global oil markets enter oversupply era

Money Moves

Warning of structural oversupply

Brent crude averaged $80 per barrel in 2024. The U.S. Energy Information Administration now forecasts it will fall to $58 in 2026 and $53 in 2027—a decline of more than one-third in three years. The reason: global oil production is growing faster than demand, and inventories are piling up at a rate not seen since the pandemic.

Updated May 27

The renewable revolution

New Capabilities

Primary authority on global energy statistics and forecasting

In 2004, the world installed one gigawatt of solar power in a year. By 2025, that amount goes online every single day.

Updated May 27

China's emissions enter sustained decline

Built World

Global energy policy advisor

China's CO2 emissions fell 1% in the first half of 2025, extending an 18-month plateau that began in March 2024. For the first time, clean power generation—not economic slowdown—has driven emissions down in the world's largest polluter. The peak may finally be structural rather than cyclical.

Updated May 19

The great energy flip

New Capabilities

Forecasting and tracking global energy transition

Renewables drew level with coal globally in 2025 and are now overtaking it, according to the International Energy Agency's February 2026 Electricity report. Renewables and nuclear combined are forecast to reach 50% of global electricity by 2030, up from 42% today.

Updated May 19

The energy war within the war

Force in Play

Monitoring and reporting on Ukraine's energy crisis

Russia intensified strikes on Ukraine's energy grid in January and early February 2026, killing at least 13 people and cutting power to 1.2 million properties. President Trump brokered a brief pause that expired February 1. Following attacks on January 9 and 13 that deployed over 500 drones and missiles, Russia struck again on January 24-25, February 2-3, and February 24-26 with hundreds of drones and missiles, including rare ballistic missiles. Targets included power plants, substations, and nuclear-linked infrastructure in Kharkiv, Odesa, Kyiv, and western Ukraine. The strikes caused repeated blackouts for tens of thousands during subzero temperatures and reduced generation capacity to 14 gigawatts—less than half pre-invasion levels.

Updated May 19

AI data centers are rebuilding – and stress-testing – the U.S. power grid

Built World

Providing global baseline projections for AI- and data center-driven electricity demand

Since late 2022, U.S. regulators and utilities have warned that AI-optimized data centers could reshape national power demand, ending an era of flat electricity consumption and forcing rapid buildout of generation and transmission. By early 2026, those warnings have crystallized into concrete challenges. PJM Interconnection's December 2025 capacity auction hit the $333.44/MW-day price cap and failed to meet reliability requirements for the first time in its history. Data centers accounted for $6.5 billion—or 40%—of the auction's $16.4 billion in costs.

Updated May 10