International Energy Agency

Force in Play

Coordinating record oil reserve release to stabilize markets

In thirteen days of US-Israeli military strikes on Iran, up to 3.2 million people have fled their homes without leaving the country. The United Nations refugee agency reported on March 12 that between 600,000 and one million Iranian households abandoned Tehran and other major cities for northern provinces and rural areas, marking one of the fastest mass internal displacements in modern conflict.

Updated 5 days ago

Force in Play

Monitoring and reporting on Ukraine's energy crisis

Russia intensified its energy warfare campaign throughout January and early February 2026, launching sustained strikes that killed at least 13 people and left 1.2 million properties without power, before President Donald Trump brokered a brief pause that expired on February 1. Following the January 9 and 13 attacks that deployed over 500 drones and missiles, Russia unleashed barrages on January 24-25 and February 2-3, 24-26, and others using hundreds of drones and missiles—including rare ballistic missiles—targeting power plants, substations, and nuclear-linked infrastructure in regions like Kharkiv, Odesa, Kyiv, and western Ukraine, causing repeated blackouts for tens of thousands amid subzero temperatures and reducing generation capacity to 14 gigawatts (GW)—less than half pre-invasion levels.

Updated Feb 27

New Capabilities

Forecasting and tracking global energy transition

Renewables are now in the process of overtaking coal globally after drawing level in 2025, according to the International Energy Agency's February 2026 Electricity report. Solar and wind generation continues its exponential growth, with renewables and nuclear combined forecast to reach 50% of global electricity by 2030—up from 42% today. Solar photovoltaic alone is projected to add over 600 TWh annually through 2030, driving renewable generation growth at 8% per year. The transition is accelerating across regions: coal use declined in India and China due to slower demand growth and rapid renewable expansion, while coal remained broadly flat globally in 2025 after peaking in 2023. A historic milestone emerged in China in early February 2026, where wind and solar capacity officially exceeded coal capacity for the first time in history—with solar capacity alone projected to surpass coal by 2026.

Updated Feb 17

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 Feb 11

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. This marks the first time clean power generation—not economic slowdown—has driven emissions down in the world's largest polluter, suggesting the peak may finally be structural rather than cyclical.

Updated Jan 9