International Energy Agency - IEA

Definition of 'International Energy Agency - IEA'


An international agency which provides policy advice to 28 member countries. The International Energy Agency (IEA) was founded in 1973-74 during an oil crisis in order to help ensure energy security for member nations. The agency's primary mandate is to focus on the policies regarding the "three Es": energy security, economic development and environmental protection.

Investopedia explains 'International Energy Agency - IEA'


An example of one of the IEA's successes is the oil supply crisis of 2005. The crisis was caused by the devastating Hurricane Katrina and was mostly offset by the release of emergency oil stockpiles by IEA member countries. Agreement among IEA members for this type of collective action allows for a more organized response to oil disruptions.

Filed Under: , ,

comments powered by Disqus
Hot Definitions
  1. Through Fund

    A type of target-date retirement fund whose asset allocation includes higher risk and potentially higher return investments "through" the fund's target date and beyond.
  2. Last In, First Out - LIFO

    An asset-management and valuation method that assumes that assets produced or acquired last are the ones that are used, sold or disposed of first.
  3. Variable Universal Life Insurance - VUL

    A form of cash-value life insurance that offers both a death benefit and an investment feature. The premium amount for variable universal life insurance (VUL) is flexible and may be changed by the consumer as needed, though these changes can result in a change in the coverage amount.
  4. Monetary Policy

    The actions of a central bank, currency board or other regulatory committee that determine the size and rate of growth of the money supply, which in turn affects interest rates. Monetary policy is maintained through actions such as increasing the interest rate, or changing the amount of money banks need to keep in the vault (bank reserves).
  5. Weak Shorts

    Traders or investors who hold a short position in a stock or other financial asset who will close it out at the first indication of price strength. Weak shorts are typically investors with limited financial capacity, which may preclude them from taking on too much risk on a single short position.
  6. Bargain Purchase Option

    An option in a lease agreement that allows the lessee to purchase the leased asset at the end of the lease period at a price substantially below its fair market value. The bargain purchase option is one of four criteria, any one of which, if satisfied, would require the lease to be classified as a capital or financing lease that must be disclosed on the lessee's balance sheet.
Trading Center