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            • Oil Market Report - June 2026

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              All content Reports Data & Tools News & Events
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                • Country

                Chad

                In Chad, only 4% of the population has access to electricity. This goes hand-in-hand with low rates of access to basic services such as drinking water, basic sanitation and paved roads. Meanwhile, crude oil has become the country’s primary source of export earnings. In 2019, Chad’s energy mix was dominated by biofuels and wastes (85%) with oil products accounting for the rest of the total energy supply. In 2020, less than 5% of the population had access to clean cooking and 8% had access to electricity. The electrification rate is one of the lowest in Sub…

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                • Country

                Hungary

                Hungary was among the first countries globally, in June 2020, to make a legal commitment to become carbon neutral by 2050 and plans to phase out coal by 2030 at the latest. Enhanced energy efficiency, increased renewable and nuclear electricity and electrification of end-use sectors are identified as the key drivers towards the 2050 target. Hungary plans to build two new nuclear unit and while solar PV has grown notably, wind lacks behind its potential but the change in siting limits for wind turbines are likely to have a positive impact on the sector.

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                • Country

                Denmark

                Denmark has been an early leader in decarbonisation and in 2022 the government announced a net zero by 2045 target, aiming at 110% emissions reductions by 2050. Denmark’s technology leadership is important in the areas of offshore wind, biomethane and district heating. The government has expanded these categories to adopt a strategic focus on carbon capture and storage (CCUS) and hydrogen. The government has a robust energy and climate governance under the Danish Ministry of Climate, Energy and Utilities and ‘the year wheel’ of Climate Act of 2020 ensures annual policy actions and funding. Among IEA countries, Denmark has…

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                • Country

                Cyprus

                Cyprus adopted the Law on the Promotion of Renewable Energy and Energy Efficiency in the early 2010s, which creates a fund that finances the premium tariff and other costs related to renewable electricity generation.
                Note by the Republic of Türkiye (Türkiye): The information in this document with reference to Cyprus relates to the southern part of the Island. There is no single authority representing both Turkish and Greek Cypriot people on the Island. Türkiye recognises the Turkish Republic of Northern Cyprus (TRNC). Until a lasting and equitable solution is found within the context of United Nations, Türkiye shall preserve its…

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                • Country

                Madagascar

                Around a quarter of the population of Madagascar has access to electricity, and only 1.5% has access to clean cooking facilities. In 2019, Madagascar’s energy mix was dominated by biofuels and wastes (85%), with oil products (11%), coal and hydro accounting for the rest of the total energy supply. In 2020, less than 5% of the population had access to clean cooking and 27% had access to electricity. The Government of Madagascar has set a target of reaching 70% electricity access rate by 2030.

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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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                • 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

                Norway

                Norway has set ambitious targets for reducing greenhouse gas emissions and establishing a low-emissions society by 2050. As an energy-rich country, Norway is in a unique starting position with respect to the energy transition. An abundance of affordable hydropower has enabled the development of energy-intensive industries and a high level of electrification of homes and businesses with limited greenhouse gas emissions. At the same time, as a major oil and gas producer and exporter, Norway will need to support an evolution of its energy sector amid the global energy transition. Altogether, Norway has the opportunity to lead…

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                • + 5 pages

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                • Country

                Italy

                Italy aims for carbon neutrality by 2050 and is on track to reach its 2030 targets for emissions reductions and energy efficiency, aiming to reach 30% of renewables in total energy consumption and 55% of renewables in electricity generation. The country has experienced notable growth in the renewable energy sector and has successfully integrated large volumes of variable renewable generation. Natural gas is a major source for electricity and heating, therefore Italy has strengthened its energy security by diversifying natural gas supply, making use of the pipeline and LNG infrastructure that it has built up over the last decade. Reducing…

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                • + 5 pages

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                • Country

                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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