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            • Oil Market Report - June 2026

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                • Country

                Togo

                Less than half of the Togolese population has access to electricity. The country has a relatively diversified energy mix and more than 13% of its final energy consumption comes from renewable supplies of energy, mainly hydropower.

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                Bahrain

                Bahrain's energy supply comes largely from the exploitation of its domestic fossil fuels resources. The country is also a major producer and exporter of oil, petroleum products and natural gas.

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                Australia

                …Net Zero emissions by 2050, while ensuring a just and inclusive energy transition through the guidance of the Net Zero Authority under the Prime Minister’s office. By 2030, the government aims to reach the clean electricity target of 82% of renewable energy. In addition to this target, Australia is implementing a new 2030 critical minerals strategy and gas market reforms to boost energy security during the transition. Flexibility, fuel availability and resilient infrastructure will become even more vital as Australia’s energy system incorporates very high shares of variable renewables and faces more frequent and more extreme weather events.

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                Benin

                Benin is reliant on electricity imports for a significant share of its energy supply. Reform programmes, including plans for electrification, have been put in place in the country, where only 30% of the population had access to electricity in 2017.

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                Chinese Taipei

                The Taiwanese government enacted in the late 2010s the Statute for Renewable Energy Development to reduce CO2 emissions, improve energy diversification and promote green-energy industries. The government is seeking to generate 8% of electricity from renewables by 2025.

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                Algeria

                Algeria is a large oil and gas producer and exporter. In 2015, the country updated its Renewable Energy and Energy Efficiency Development Plan to 2030, and put greater focus on the deployment of large-scale renewables, including solar PV and onshore wind installations, through various incentive measures.

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                Iraq

                Iraq holds abundant oil and gas resources and has strong solar PV potential. Its production to 2030 is set to be third largest contributor to global oil supply. By the same year, the government expects that renewable capacity will amount for 5% of the country’s total system capacity.

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                Ethiopia

                In Ethiopia, while electricity reaches less than half of the population, great progress has been made over the past two decades. The National Electrification Program, launched in 2017, outlines a plan to reach universal access by 2025, aiming to supply 35% of the population with off-grid solutions. Meanwhile, Ethiopia is diversifying its hydro-dominated installed generation mix in favour of solar, wind and geothermal to pursue a more climate-resilient power system and reach economic development objectives.

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                Uruguay

                In 2010 the Ministry of Energy, Mining and Industry of Uruguay approved Decree 354 on the Promotion of Renewable Energies meant to increase dramatically the share of electricity generation from renewable sources in the country.

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                Venezuela

                The Venezuela Plan for the National Electric System aims to integrate renewables in the power system by including it in medium and long-term strategies. It aims to develop the use of renewables within isolated rural communities including solar, small hydro and biogas.

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