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            • Oil Market Report - June 2026

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                • Country

                Portugal

                Portugal is supporting decarbonisation through a wide variety of measures, such as, coal-fired generation was phased out in 2021. Portugal is further developing its large hydropower fleet, including additional capacity of pumped hydro storage. Portugal is an international leader for integration of wind generation, and auctions are driving rapid deployment of PV and battery storage. Portugal is pushing for better electricity interconnections with the rest of Europe. Portugal’s National Energy and Climate Plan sets 2030 targets for emissions reductions, energy efficiency and renewable energy that aim to put the country a path to achieving cost effective carbon neutrality…

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                • Country

                Rwanda

                Rwanda included strong commitments to its intended nationally determined contribution (INDC) to the Paris Agreement. The country plans to increase its carbon sink capacity through sustainable forest management practices and to reduce emissions from the agricultural sector. In 2019, Rwanda’s energy mix was dominated by biomass and waste (74%) and oil products (20%), while natural gas, coal and hydro account for the rest of the energy supply. In 2020, less than 5% of the population had access to clean cooking and 50% had access to electricity. With annual access growth of more than 3 percentage points, Rwanda has shown…

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                • Country

                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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                • Country

                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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                • Country

                Angola

                Angola is set to become the largest producer of crude oil in Southern Africa, yet has also set the foundation for the sustainable development of renewables, through investments and supportive measures. Angola has particularly strong hydropower generation potential that remains underutilised.

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                Kenya

                Access to electricity has increased dramatically in Kenya over the past 20 years, reaching almost 3/4 of the population today. The Last Mile Connectivity Project of the Rural Electrification Authority aims to deliver universal access by 2022.

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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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                • Country

                Chile

                Chile’s energy policy has evolved dynamically in recent years. In response to changes in the domestic and international environment, significant institutional and policy reforms as well as major infrastructure projects have been carried out. In 2022, Chile’s Ministry of Energy published an update to its the Long-Term Energy Policy (PELP, first published in 2015), which re-emphasises the pledge to net-zero, laying out a clear decarbonisation pathway that addresses all sectors of the national economy.
                Based on its excellent renewable energy resources, Chile has taken a globally leading role in clean energy, and emerged as a…

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                Morocco

                The government has stepped up its role in international action on climate change, ratifying the Paris Agreement, setting a new national climate policy and hosting the United Nations Conference of Parties (COP22) summit in Marrakesh in 2016.
                The development of renewables is helping to improve energy security as well as deliver on Morocco’s clean energy and climate change commitments. Morocco is making strong progress towards affordable, reliable, sustainable and modern energy in line with the United Nations Sustainable Development Goals (SDG 7). The government has achieved almost full access to electricity for its rural population, and it is developing…

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                • Country

                Eritrea

                Less than half of the population of Eritrea has access to electricity. Most of the country's electricity generation comes from imported oil.

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