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            • Oil Market Report - June 2026

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                • Country

                Georgia

                Georgia has developed an energy sector based largely on hydropower and fuelwood, in addition to imports of fossil fuels. It is also an important transit country for the region, with major oil and gas pipelines running across Georgian territory. Efforts are required to improve energy efficiency and capitalise on the country’s renewable energy potential.
                Georgia has made solid progress in the past decade, both in improving the security of its energy supply and in transitioning to a cleaner, more sustainable energy system. Although Georgia is still confronted with many challenges in its transition to a more secure, sustainable and…

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                • Country

                Mali

                In recent years, the rate of access to electricity in Mali has surpassed 25%, thanks to a public focus on mini-grid solutions. The government of Mali now plans to increase hybridisation of its mini-grids by adding PV capacity to diesel power plants. In 2019, Mali’s energy mix was dominated by biofuels and wastes (65%) and oil products (32%), with coal and hydro accounting for the rest. In 2020, less than 5% of the population had access to clean cooking and 52% had access to electricity. For electricity access, the country targets 70% access by 2025, 80% by…

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                • Country

                Mauritania

                In 2019, Mauritania’s energy mix was dominated by oil products (65%) and biofuels and waste (32%). In 2020, 43% of the population had access to clean cooking which is the highest share in West Africa. In 2020, 47% of the population had access to electricity. For electricity access, the country targets universal access in urban areas and doubling of the current rate in rural areas by 2024, with country-wide universal access by 2030. For clean cooking, the target is 100% access to LPG in urban areas and 50% access to LPG in rural areas by 2030.

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                • Country

                Korea

                …energy sources, gradually phasing out coal, significantly improving energy efficiency and fostering the country’s nascent hydrogen industry. Korea’s energy sector is characterised by a dominance of fossil fuels, a strong dependence on energy imports and one of the highest shares of industrial energy use among IEA countries. Korea aims to leverage the fourth industrial revolution for its energy transition and to foster green growth by means of low-carbon technologies and clean energy. Due to Korea’s high share of coal-fired power generation, the carbon intensity of its electricity mix is above the IEA average. Korea’s…

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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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                • + 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

                Mexico

                Mexico’s energy and economic profile presents both challenges and opportunities as a major oil producer, exporter and through its growing domestic energy demand. Mexico was the first large oil producing emerging economy to adopt climate legislation in 2012 and has seen growth in renewable electricity generation from wind and solar, which almost tripled from 2015 to 2022. However, strong action is needed across all sectors to reduce reliance on fossil fuels and bring down greenhouse gas emissions.

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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

                Denmark

                …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 the highest share of wind electricity, which together with bioenergy and solar photovoltaic make up over 80% of the electricity mix. The district heating sector has practically phased out coal, contributing to lower reliance on fossil fuels in Denmark’s total energy supply than IEA average. Denmark is committed to end fossil fuel production by 2050 and reaching 100% biomethane in heating before 2030 has become a key priority.

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                • Country

                Libya

                In 2013, the Libyan government launched the Renewable Energy Strategic 2013-2025 Plan, which aims to achieve 7% renewable energy contribution to the electric energy mix by 2020 and 10% by 2025. This will come from wind, Concentrated Solar Power, solar PV and solar heat.

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