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            • Oil Market Report - June 2026

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                • Country

                Viet Nam

                In recent years, Viet Nam has increased its non-hydro renewable capacity targets in its power development plan, from 9.4% to 21% of total installed capacity in 2030, and decreased the share of coal-fired capacity from 52% to 43%.

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                • + 5 pages

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                • Country

                Peru

                Peru’s government identified the development of electricity from renewable energy sources as a public necessity of national interest. The country established a National Renewable Energy Development Plan to be funded by the Annual Budget Law, external debt operations, direct investments and contributions from international institutions.

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                • Country

                Singapore

                Singapore is the region’s second-largest gas importer. The country is expanding its existing LNG importing facility and is seeking to become a major LNG trading hub. Singapore’s relatively small import needs raise questions about how quickly the hub would reach sufficient liquidity to operate efficiently, but it is nonetheless well placed to bring Asian LNG buyers and sellers together and has taken a major step forward with the creation of an LNG price index: the “SLiNG”.
                Singapore has made important moves towards liberalising its gas market, providing the basis for more competitive price setting. These moves include…

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                • + 5 pages

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                • Country

                Luxembourg

                …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 be electric by 2030.

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                • + 5 pages

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                • Country

                Austria

                Austria is committed to reaching climate neutrality by 2040. Over three quarter of electricity generation already comes from renewables, with a target of achieving a 100% renewable electricity supply by 2030 (national balance). This requires investments to make networks more resilient and flexible, optimise demand side management, and updating the legal and regulatory framework to allow more consumer participation. Buildings and transport account for around half of total emissions . To progress the transition in these sectors, the government supports building renovation, switching from fossil fuels to sustainable heating systems, the electrification of transport and invests in public transport infrastructure.

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                • + 5 pages

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                • Country

                United States

                …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 the third-largest market for renewable energy investment, heat pump manufacturing and electric vehicle sales and enabling clean energy transitions around the world through its leadership in technology innovation.

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                • + 5 pages

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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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                • + 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

                Finland

                Finland has one of the most ambitious climate targets, a legal obligation to reach carbon neutrality by 2035. It is making progress towards this target and has one of the lowest levels of reliance on fossil fuels among IEA member countries. Finland’s forests, which historically offset significant greenhouse gas emissions, have become a net emissions source. A continued push towards the energy transition is needed, as imported fossil fuels still account for over one-third of energy supply and cover higher shares in transport and key industries.

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                • + 5 pages

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                • Country

                Uzbekistan

                Despite being energy self-sufficient thanks to its gas sector, Uzbekistan's ageing infrastructure struggles to meet growing domestic demand. Losses, overuse and financing remain problematic. Wide-ranging reforms focused on improving and diversification the energy sector are being introduced and the government has adopted the Strategy of Actions 2017-2021, which prioritizes improving energy efficiency and increasing generating capacity and use of renewables. Uzbekistan 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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