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            • Oil Market Report - June 2026

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                • Country

                El Salvador

                The National Energy Policy to 2024 of El Salvador guides the national actions on energy, following main principles: ensure high quality level and continuous and affordable energy access, decrease fossil fuel dependency and mitigate environmental and social impacts of energy projects.

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                Laos

                Laos’ 2011 Renewable Energy Development Strategy aims to achieve a renewable energy share of 30% in total energy consumption by 2025. The policy encourages investment in renewables and small power development for self-sufficiency and grid connection.

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                • Country

                Kuwait

                Kuwait is wholly reliant on fossil fuels for energy generation and by 2030, its energy demand will triple. In order to diversify its energy mix, the country targets to increase the share of renewable generation to 15% by 2030.

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                • + 5 pages

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                • Country

                South Sudan

                South Sudan is one of Eastern Africa's major oil resource holders but exported more than 85% of its production in 2014. Only 1% of the population had access to electricity in the country in 2017.

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                • Country

                Iceland

                In 2007, the Icelandic government released a Climate Change Strategy conceived as a framework for action and government involvement in climate change issues, and setting forth a long-term goal of reducing net greenhouse gas emissions by 50 to 75% of 1990 levels by 2050.

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                Hong Kong

                Hong Kong

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                Zambia

                Coal production is set to increase in Zambia, but exports remain limited to trade with neighbouring countries. The country has recently made good progress regarding electrification rates through a large push for mini-grid and off-grid solutions in rural areas.

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                • + 5 pages

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                Luxembourg

                Luxembourg has a fossil fuel intensive energy mix driven by a high demand for transportation fuels, notably from transiting freight trucks and commuters. Despite this demand, the country is committed to reducing emissions. Its climate law sets targets for a 55% emission reduction by 2030 and climate neutrality target by 2050. The government has adopted numerous measures to push for energy transition, including a carbon tax which was introduced in 2020 and encouraging renewable generation through subsidies and auctions. Several programmes also support energy efficiency in buildings, industry and transportation, with a target for 49% of all passenger cars to…

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                • + 5 pages

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                • Country

                Russia

                Russia is the world’s second-largest producer of natural gas, behind the United States, and has the world’s largest gas reserves. Russia is the world’s largest gas exporter. In 2021 the country produced 762 bcm of natural gas, and exported approximately 210 bcm via pipeline.

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                • + 5 pages

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                Hungary

                Hungary was among the first countries globally, in June 2020, to make a legal commitment to become carbon neutral by 2050 and plans to phase out coal by 2030 at the latest. Enhanced energy efficiency, increased renewable and nuclear electricity and electrification of end-use sectors are identified as the key drivers towards the 2050 target. Hungary plans to build two new nuclear unit and while solar PV has grown notably, wind lacks behind its potential but the change in siting limits for wind turbines are likely to have a positive impact on the sector.

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