Explanation:

• The IEA works to ensure reliable, affordable and clean energy for its member countries and beyond.
• Its main areas of focus are energy security, economic development, environmental awareness and engagement worldwide.
• It is a Paris-based autonomous intergovernmental organization established in the framework of the Organisation for Economic Co-operation and Development (OECD) in 1974 in the wake of the 1973 oil crisis.
• Only the OECD member states can become members of the IEA. Except for Chile, Iceland, Israel, and Slovenia, all OECD member states are members of the IEA. Brazil, China, India, Indonesia, Morocco, Singapore and Thailand are the associate members of IEA. In 2018, Mexico joined the IEA and became its 30th member. Hence statement 3rd is incorrect.

Why it is in news?

• The International Energy Agency (IEA) on Wednesday forecast a 29 million barrel per day (bpd) dive in April oil demand to levels not seen in 25 years and warned no output cut by producers could fully offset the near-term falls facing the market.
• The IEA said it was encouraged by the "solidarity" shown by policymakers from producing and consuming countries, but warned there was "clearly a long way to go before we can pun the Covid-19 crisis behind us".