{"id":21164,"date":"2026-10-21T11:49:44","date_gmt":"2026-10-21T06:19:44","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=21164"},"modified":"2026-10-21T18:10:54","modified_gmt":"2026-10-21T12:40:54","slug":"iea-upsc","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/iea-upsc\/","title":{"rendered":"International Energy Agency"},"content":{"rendered":"<h2><b>International Energy Agency Latest News<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The head of the International Energy Agency said there is little chance of a return to normal oil market conditions next year, as the ongoing West Asia war keeps prices high.\u00a0<\/span><\/p>\n<h2><b>About International Energy Agency<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is an autonomous <\/span><b>intergovernmental organisation<\/b><span style=\"font-weight: 400;\"> within the <\/span><b>OECD framework.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It <\/span><b>works with governments and industry<\/b><span style=\"font-weight: 400;\"> to shape a secure and sustainable energy future for all.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Historical Background:<\/b><span style=\"font-weight: 400;\"> It was <\/span><b>established in 1974<\/b><span style=\"font-weight: 400;\">, in the <\/span><b>wake of the 1973-1974 oil crisis<\/b><span style=\"font-weight: 400;\">, to help its members respond to major oil supply disruptions, a role it continues to fulfill today.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Mandate:<\/b><span style=\"font-weight: 400;\"> Tracking and <\/span><b>analyzing global key energy trends<\/b><span style=\"font-weight: 400;\">, promoting sound energy policy, and fostering multinational energy technology cooperation.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Focus Area:<\/b><span style=\"font-weight: 400;\"> It focuses on <\/span><b>four main areas<\/b><span style=\"font-weight: 400;\">: energy security, economic development, environmental awareness, and engagement worldwide.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Headquarters:<\/b><span style=\"font-weight: 400;\"> Paris, France.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Member Countries:<\/b><span style=\"font-weight: 400;\"> It consists of <\/span><b>32 member countries<\/b><span style=\"font-weight: 400;\"> and 14 association countries.<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">A candidate country to the IEA must be a member country of the O<a href=\"https:\/\/vajiramandravi.com\/current-affairs\/what-is-the-organisation-for-economic-co-operation-and-development-oecd\/\" target=\"_blank\">rganisation for Economic Co-operation and Development (OECD)<\/a>.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>India joined<\/b><span style=\"font-weight: 400;\"> this organization in <\/span><b>2017 as an Associate member.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Reports Published by IEA:<\/b><span style=\"font-weight: 400;\"> World Energy Outlook, World Energy Balances, Energy Technology Perspectives, World Energy Statistics and Net Zero by 2050.<\/span><\/li>\n<\/ul>\n<p><b>Source: <\/b><strong><a href=\"https:\/\/www.thehindu.com\/news\/international\/iea-chief-warns-2027-likely-wont-normalize-oil-markets-amid-west-asia-war\/article71606077.ece\" target=\"_blank\" rel=\"nofollow noopener\">TH<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>International Energy Agency is an autonomous intergovernmental organisation within the OECD framework. Read more about International Energy Agency, Headquarters, Members, Reports.<\/p>\n","protected":false},"author":5,"featured_media":129908,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[905,21,22,23],"class_list":["post-21164","post","type-post","status-publish","format-standard","has-post-thumbnail","category-upsc-prelims-current-affairs","tag-international-energy-agency","tag-prelims-pointers","tag-upsc-current-affairs","tag-upsc-prelims-current-affairs","no-featured-image-padding"],"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/21164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=21164"}],"version-history":[{"count":3,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/21164\/revisions"}],"predecessor-version":[{"id":129967,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/21164\/revisions\/129967"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/129908"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=21164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=21164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=21164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}