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            • Oil Market Report - June 2026

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                • Country

                Montenegro

                The Energy Development Strategy of Montenegro sets out objectives and defines mechanisms for the transition from the current energy system to a safe, competitive and environmentally acceptable energy paradigm by 2025. It also provides guidelines for the development of the energy sector with the aim of attracting investors.
                Data for Montenegro is included under Serbia until 2004.

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                Bangladesh

                In Bangladesh, electricity is available for 85% of the population, up from 20% in 2000. Gas accounts for the majority of the country’s electricity production, even though wind, hydropower and solar PV shares are growing. Bangladesh has also implemented energy policy incentives towards the deployment of renewables.

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                Colombia

                Colombia launched the Energy Plan 2050 in 2016 , which aims to diversify the country’s energy resources and ensure a reliable energy supply by including wind power plants, solar PV and geothermal energy generation in the country's electric mix.

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                Latvia

                Latvia is undertaking its energy transition with some promising results to date, with the goal to reduce total greenhouse gas emissions (without land use, land-use change and forestry) by 65% from 1990 levels by 2030 and to achieve net zero by 2050. It has made inroads on the share of renewable energy in its fuel mix, with sizeable shares of bioenergy and hydropower.
                Renewable energy sources dominate its electricity mix, in particular, accounting for around three-quarters of domestic generation. Other sectors, notably transport and buildings, continue to consume large amounts of energy and rely on dated infrastructure that…

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                Serbia

                In Serbia, the National Renewable Energy Action Plan set targets of renewable energy sources use until 2020, as well as the pathway to achieve them. Among other things, it enhances investments towards the development of renewables.
                Data for Serbia includes Montenegro until 2004.

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                Ecuador

                In Ecuador, The Energy Efficiency National Plan 2016-2035 presents an inter-sectoral plan for energy efficiency, policies in transport, industry, residence, production, generation and all energy consumption sectors. In 2013, a new feed-in tariff scheme for renewable energy projects also entered into force.

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                Jamaica

                The government of Jamaica adopted a national Energy Policy in 2010 , which establishes a goal of 20% of renewable energy in the energy mix by 2030. This Strategic Framework also addresses both the supply and demand energy issues that the country faces.

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                Panama

                Panama's National Energy Plan 2015–2050 outlines long-term strategy for the country’s energy sector development, including renewables. The Plan established that 15% of Panama’s generation capacity will come from renewables by 2030 and 50% by 2050.

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                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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                United States

                The United States introduced major energy and climate policy reforms which put the country on a path towards a clean, secure and affordable energy system for a net zero economy. The reforms aim to strengthen infrastructure deployment and resilience, include a major focus on clean energy manufacturing, improving diverse supply chains and affordability, enhancing equity and the creation of high-quality clean energy jobs.
                The US plays a significant role in supporting international energy security as the world’s largest producer of oil and exporter of liquified natural gas. A wave of clean energy investment means the US is today…

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