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            • Oil Market Report - June 2026

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                Eswatini

                Eswatini

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                Argentina

                …oil products. In terms of power generation, Argentina relies on natural gas (65%), hydropower (18%), followed by nuclear 8%, wind (7%) and solar (1%). A set of public policies have boosted utility-scale projects in 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. …

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                Dominican Republic

                Dominican Republic has adopted a law on incentives for the development of renewable energy sources, which aims to increase the diversity of energy sources, reduce dependence on imported fossil fuels and stimulate investment in renewable energy.

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                South Africa

                Coal is the mainstay of the South African energy system, meeting around 70% of installed power generation capacity. The 2019 Integrated Resource Plan however sets out a long-term diversification of the power mix by 2030 and moves towards lightening the carbon footprint of the energy sector while meeting growing energy demand and ensuring a socio-economically just transition. While the options to diversify the country's electricity mix appear diverse, the affordability of electricity supply looms as a key concern and a potential constraint on diversification. The structure of consumption and of spending on electricity is skewed towards higher…

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                Bosnia and Herzegovina

                Bosnia and Herzegovina adopted a National Environmental Action Plan, which provides action path to address the major environmental issues of the country. In the energy sector the target will be achieved by increasing energy efficiency and usage of renewables (hydro, solar, wind and geothermal energy).

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                Hong Kong

                Hong Kong

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                Equatorial Guinea

                Electrification rates are relatively high in Equatorial Guinea at 66%. The country began oil production in the late 1990s and began LNG exports in 2007.

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                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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                Syria

                The 2009 Syrian Law on Energy Conservation aims to fulfil the sustainable development requirements of the country and deploy various renewable energy applications. Private and public institutions must commit to energy efficiency practices, use renewables and high energy- efficiency equipment.

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                Japan

                Japan’s energy policy is guided by principles of energy security, economic efficiency, environmental sustainability and safety. Achieving the aim of carbon-neutrality by 2050 will require substantially accelerating the deployment of low-carbon technologies by 2030, to address regulatory and institutional barriers and further enhance competition in energy markets. It will also be important to develop different decarbonisation scenarios and to prepare for the possibility that certain low-carbon technologies, such as nuclear, might not expand as quickly as hoped. Stronger reliance on market-based instruments, such as carbon pricing, could be one policy option for Japan to cost…

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