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            • Oil Market Report - June 2026

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                • Country

                Kosovo

                This designation is without prejudice to positions on status, and is in line with United Nations Security Council Resolution 1244/99 and the Opinion of the International Court of Justice on Kosovo’s declaration of independence.

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                • Country

                New Zealand

                New Zealand has a diversified energy mix, with significant production of both hydropower and geothermal. As the country embarks on an ambitious energy transition, it has many natural advantages, including a strong renewable resource base. New Zealand already has a low-emissions electricity system, with over 80% of electricity coming from renewable sources. The key challenge will be to decarbonise other end-use sectors through clean power and support investments in new technologies to achieve deeper emissions cuts across all sectors. Notably, the transport sector accounts for the highest share of emissions and is almost entirely dependent on oil while…

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                • Country

                Azerbaijan

                Azerbaijan has one of the highest energy self-sufficiency ratios in the world as a major crude oil and natural gas producer. While the renewable sector has not seen as much attention, the government is now looking to stimulate investment and accelerate deployment, allowing for diversification of domestic energy consumption. In addition, the government is working on a new energy strategy that will set the stage for further policy shifts. Azerbaijan is part of the EU4Energy Programme, an initiative focused on evidence-based policymaking for the energy sector.

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                • + 5 pages

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                • Country

                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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                • Country

                Tunisia

                Tunisia mostly relies on gas imports to meet its primary energy needs: almost 97% of its electricity generation came from gas in 2016. However, energy policy puts the emphasis on renewable energy. Electricity generation from wind power strongly increased since 2014.

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                • Country

                Ukraine

                Ukraine is a key country for European and global energy security. Russia’s invasion of Ukraine has pushed it to fundamentally reshape its past dependence on energy imports from Russia.
                As the invasion continues, Ukraine is focused on tracking large-scale energy supply disruptions and actively working to recover power and heating for civilians. It is also putting together an ambitious recovery and reconstruction plan, with a strong focus on energy security. In the medium-term, Ukraine’s energy strategy remains focused on European integration, while it aims to an energy system that is ready for a Net Zero future…

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                • + 5 pages

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                • Country

                Tajikistan

                Hydropower is the main source of energy in Tajikistan, followed by imported oil, gas and coal. However, Tajikistan's energy sector is prone to supply shocks, due to seasonal shortages. Energy policy focuses on providing uninterrupted energy access to all users while improving regional co‑operation and energy sector efficiency, but significant domestic and foreign investment will be necessary for continued energy sector development. Tajikistan is part of the EU4Energy Programme, an initiative focused on evidence-based policymaking for the energy sector.

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                • + 5 pages

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                • Country

                Lithuania

                Lithuania has undergone several energy transitions over the past decade. Despite importing a large share of its electricity, the country successfully ended its reliance on Russian energy imports in March 2022. Along with its neighbours, Estonia and Latvia, Lithuania disconnected from the Russian electricity system and completed the synchronisation of its grid with the Continental European Synchronous Area (CESA) in February 2025. By 2030, Lithuania aims to shift from being an electricity importer to becoming a net exporter. Although the country’s energy consumption still depends heavily on imported fossil fuels, the share of bioenergy in the domestic energy supply…

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                • + 5 pages

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                • Country

                Czechia

                Czechia has decoupled economic growth from energy consumption since 2009, yet the country’s energy and carbon intensity remain above the IEA average, which highlights the need to make energy efficiency the “first principle” of energy policy. Fossil fuels are still essential building blocks of the energy mix with coal as the single largest fuel for total energy supply and electricity generation. The country is committed to phase-out coal by 2033 and is putting in place a framework for an inclusive transition. Nuclear is the second largest electricity source and the government plans to build new nuclear units at…

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                • + 5 pages

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                • Country

                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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