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            • Oil Market Report - June 2026

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                • Country

                Belgium

                Belgium’s energy policy is focused on transitioning to a low-carbon economy while ensuring energy security, lowering costs for consumers and increasing market competition. Belgium has made progress on these goals, notably as a global leader in offshore wind. The country is also seeing a rapid uptake of electric vehicles. However, Belgium remains reliant on fossil fuels and more aggressive policies are needed accelerate emissions reductions, especially for the industry sector.

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                • + 5 pages

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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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                • + 5 pages

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                • Country

                Nepal

                Almost the totality of the electricity generated in Nepal comes from hydropower. Most of the energy supply is from biofuels and waste as 21 million people still rely on traditional biomass for cooking. In 2000, 81% did not have access to electricity but with remarkable efforts from the government, only 6% of the population remain without access today.

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                • + 5 pages

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                • Country

                Sudan

                Most of Sudan’s electricity generation comes from hydropower, and more than half of the Eastern African region’s total oil-based capacity is located in the country. Sudan is also contemplating scaling up projects on solar power in the coming years.

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                • + 5 pages

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                • Country

                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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                • Country

                Bulgaria

                Bulgaria adopted The Energy from Renewable Sources Act in 2011. The Act regulates the generation and consumption of energy from renewable sources with the aim of achieving the national targets in terms of renewable energy use in final gross energy consumption.

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                • Country

                Spain

                Spain is at the forefront of the energy transition due to its energy and climate change policies. The current Spanish framework for energy and climate is based on the 2050 objectives of national climate neutrality, 100% renewable energy in the electricity mix and 97% renewable energy in the total energy mix. As such, it is centred on the massive development of renewable energy, particularly solar, wind and renewable hydrogen, increasing energy efficiency and improving electrification. This is an opportunity for the country to not only stimulate the economy and by creating jobs through the modernisation of industry, but also to…

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                • + 5 pages

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                • Country

                Mozambique

                In Mozambique, around 40% of people have access to electricity, through the grid or mini/off-grid systems. The government has promoted solar PV solutions in rural areas, reporting that 700 schools and 800 other public buildings now have electricity from solar.

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                • + 5 pages

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                • Country

                Egypt

                Egypt has initiated a number of energy sector reforms, gradually reducing electricity subsidies and introducing feed-in tariffs to promote renewable energy production. The energy sector reforms recently initiated by the country have resulted in a significant increase in investments which have boosted electricity production over the last 5 years and ensured a stable supply across the country.
                Egypt also has plans to increase the share of renewables in the electricity mix to 42% by 2035.

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                • + 5 pages

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                • Country

                Niger

                Access to electricity remains a challenge in Niger and the country is reliant on electricity imports for a significant share of its supply. The country is an oil resource centre and it is one of the ten-largest uranium resource-holders in the world.

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                • + 5 pages

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