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            • Oil Market Report - June 2026

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                • Country

                Angola

                Angola is set to become the largest producer of crude oil in Southern Africa, yet has also set the foundation for the sustainable development of renewables, through investments and supportive measures. Angola has particularly strong hydropower generation potential that remains underutilised.

                • OverviewOverview
                • Energy mixEnergy mix
                • EmissionsEmissions
                • ElectricityElectricity
                • + 5 pages

                Angola Flag
                • Energy system

                Road

                More stringent and broader coverage of fuel efficiency standards for light-duty vehicles is needed
                For cars and vans, increasing fuel efficiency standards is important as even in the Net Zero Emissions by 2050 Scenario, nearly 80% of cars and vans on the road in 2030 are still powered with internal combustion engines. Sales of heavier, less efficient SUVs reached around 46% of global sales in 2022, while electric vehicles were just 14% of sales. More and more countries are formulating vehicle efficiency standards and some are even putting in place zero-emission vehicle sales requirements. To be in line…

                Transport
                • Commentary

                • 09 Jun 2026

                The energy crisis creates even stronger impetus for EU electrification

                draft title Electrification is central to meeting the European Union’s goals on energy security, competitiveness, affordability, and emissions reductions. The closure of the Strait of Hormuz has highlighted the risks of over-dependence on imported fuels and concentrated supply routes, making the case for electrification even stronger.In the EU, around 70% of electricity generation is already supplied from domestic, low-emissions sources. And yet end-users (industry, buildings and transport sectors), source less than one quarter of their energy consumption from electricity. Today, around two-thirds of end-use energy consumption relies on fossil fuels, of which the…

                • Sector

                Fossil Fuels

                Fossil Fuels

                • Commentary

                • 19 Jun 2026

                Delivering on the EU’s electrification ambitions

                …Today, imported fuels account for around 60% of the EU’s total energy demand and cost the bloc EUR 380 billion in 2024. The risks associated with the EU’s reliance on fuel imports have been highlighted by recent market disruptions linked to the near-closure of the Strait of Hormuz amid the conflict in the Middle East, bringing renewed attention to the EU’s target of increasing electrification from 24% today to 32% of energy consumption by 2030.This commentary is the second in a series examining the case for electrification in the EU. The previous instalment looked at…

                • Commentary

                • 29 May 2026

                Battery storage is scaling up and taking on a larger system role

                …According to the latest data, the deployment of batteries expanded strongly in 2025 and broadened across markets – with rapid growth in countries such as Australia and Saudi Arabia, where storage is increasingly being used to support the integration of rising shares of variable renewables.In regions that have been at the forefront of renewable integration and battery deployment, batteries now play an essential role in continuously balancing electricity demand and supply. Comparatively short construction and development timelines are further supporting the rapid deployment of utility-scale batteries in particular: in many markets, projects typically take around two years to develop…

                • Country

                Cameroon

                Electrification rates are relatively high in Cameroon compared to the Central African region: 54% of the population has access to electricity, while consumption remains low. The country produced 70 kb/d of oil in 2013, but production is gradually declining.

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                • + 5 pages

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                • Country

                Norway

                …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 the world in new technologies for decarbonising hard-to-abate sectors.

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                • EmissionsEmissions
                • ElectricityElectricity
                • + 5 pages

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                • Energy system

                Biofuels

                Country and regional highlights
                The United States Inflation Reduction Act makes USD 9.4 billion available for biofuels
                Energy
                Biofuel demand increased by 6% in 2022, continuing the recent pace of growth
                Technology deployment
                Biofuel production technology needs to diversify to sustainably take advantage of existing waste and residue feedstocks
                Innovation
                Technologies that can convert woody feedstocks into biofuels need to be proven at scale in the next few years
                Supporting infrastructure
                Policy
                Investment

                Bioenergy
                • Country

                Burkina Faso

                In 2019, Burkina Faso’s energy mix was dominated by biofuels and wastes, with oil products accounting for one-third of the total energy supply. In 2020, 11% of the population had access to clean cooking and only 21% had access to electricity, making Burkina Faso one of the world’s least-electrified countries. For electricity, the country has a target of 95% access for urban areas and 50% for rural areas by 2030. For clean cooking, Burkina Faso has a universal access target for urban areas and 65% in rural areas by 2030. The target for LPG urban penetration…

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                • EmissionsEmissions
                • ElectricityElectricity
                • + 5 pages

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