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            • Oil Market Report - June 2026

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                • Country

                Cuba

                Cuba’s energy supply mainly comes from oil products, accounting for over 80% of power generation.

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                • + 5 pages

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                • Country

                Türkiye

                …has pursued a restructuring of its energy system with the aim of rationalising energy demand growth, lowering energy prices and slowing the pace of import growth.
                These reforms have included measures targeted at modernisation, liberalisation and increased domestic production capacity. Notably, Türkiye has seen considerable diversification of its energy mix in the past decade. Renewable electricity generation has tripled in the past decade and the commissioning of Turkey’s first nuclear power facility will further diversify the country’s fuel mix. Still, fossil fuels continue to drive Türkiye’s economy, with a heavy dependency on imports, especially oil and gas.

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                • + 5 pages

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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

                Qatar

                Qatar is a major producer and exporter of natural gas, oil and oil products. Its domestic oil and gas productions entirely cover the country’s energy needs.

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                • + 5 pages

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                • Country

                Nigeria

                Nigeria is the largest economy and the richest oil resource centre of the African continent. The country also remains the largest gas consumer and producer of West Africa. Notable power sector reforms are underway in Nigeria, including plans for electrification.

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                • + 5 pages

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                • Country

                Singapore

                …index: the “SLiNG”.
                Singapore has made important moves towards liberalising its gas market, providing the basis for more competitive price setting. These moves include creating a well-functioning domestic market for gas and greater transparency. A spot market for local gas use is being created, including secondary markets for gas consumers, and third party access to facilities such as gas storage is under development. These moves put Singapore ahead of most countries in the Asia-Pacific region and in a good position for a hub-style market to develop.
                Singapore’s energy policies have also set strong objectives to 2030…

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                • + 5 pages

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                • Country

                Iran

                Iran has in place legislation obliging the Minister of Energy to increase the share of renewables and clean power plants to at least 5% of the country's capacity until the end of 2021.

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                • + 5 pages

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                • Country

                Argentina

                …variable renewables, taking advantage of its rich solar and wind resources. The country has set a goal for non-hydro renewables to reach 20% of the power mix by 2025 and recent efforts have triggered increased deployment (2021: 12.5%).
                Argentina is the world’s fourth largest lithium producer, a mineral critical for the manufacture of battery storage systems and, therefore, for the energy transition. Argentina is among the first Latin American countries to achieve universal electricity access, with a successful programme on rural electricity markets accelerating the connection of remote last miles users to the grid in recent years.

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                • + 5 pages

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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

                Brunei Darussalam

                In 2014, Brunei adopted a strategic plan to achieve 10% share of renewables in the national energy mix by 2035. The plan provides the outline to introduce renewable energy policy and regulatory frameworks and to scale-up market deployment of solar PV.

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                • + 5 pages

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