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            • Oil Market Report - June 2026

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                • Policy

                • Malaysia

                • 2022

                2022/2023 Increase in Cooking Oil Stabilisation Scheme-related support

                In an effort to protect domestic consumers from the effects of the global energy price crisis, the Malaysian government increased its budget dedicated to petroleum product and LPG subsidies as well as to the Cooking Oil Stabilisation Scheme (COSS).

                • Policy

                • United States

                • 2024

                Colorado Oil and Gas Methane Intensity Verification Protocol

                …upstream oil and gas operators are required to report their methane emissions and calculated GHG intensities on an annual basis. Methane emissions must be calculated through the creation of a measurement-informed methane inventory. The Oil and Natural Gas Methane Intensity Verification Protocol ("Protocol"), issued in April 2024 by the Colorado Air Control Pollution Division, provides guidance on how oil and gas operators in Colorado are expected to calculate and report the upstream methane intensity of their operations. The Protocol provides upstream operators with two options for creating a measurement-informed inventory: State Default Factors: Operators can use default factors…

                • Policy

                • Russian Federation

                • 2020

                Energy Strategy of the Russian Federation for the period up to 2035

                The Strategy sets priorities of the state energy policy, tasks and key measures for the development of the energy sector. A few measures related to methane abatement are mentioned, including rational use of associated petroleum gas and minimizing the volume of its flaring alongside an overall goal for reduction of greenhouse gas emissions.  One of the indicators of the Strategy is a "coefficient of efficient utilisation of associated petroleum gas" (%) which is targeted to increase from the current 85.1% (in 2018) to 90% in 2024 and 95% in 2035. 

                • Policy

                • Japan

                • 2023

                Recommended Guideline for Greenhouse Gas and Carbon Intensity Accounting Frameworks for LNG/Hydrogen/Ammonia Projects

                In 2023, the Japan Energy and Metals National Corporation ('JOGMEC') issued the Recommended Guideline for Greenhouse Gas and Carbon Intensity Accounting Frameworks for LNG/Hydrogen/Ammonia Projects (“CI Guideline”). The guideline suggests a transparent method for calculating GHG emissions and CI containing methane, based on multiple existing international standards. For methane emission measurement, the guideline recommends a bottom-up approach (gas sampling, imaging with an infrared camera at the site, etc.) for measurement from individual emission sources, and a top-down approach (using satellites and drones) for measurement from sites or regions.

                • Policy

                • Portugal

                • 2022

                Continuation of the reduction of the Tax on Petroleum and Energy Products (ISP)

                As part of its April 2022 "New measures to contain the rise in energy and agri-food prices" package, the Portuguese government extended its temporary reduction of the Tax on Petroleum Products (ISP) for gasoline and diesel, until the end of 2022 before being gradually phased out in 2023.The tax reduction corresponds to a 10% VAT reduction (from 23% to 13%), and is applicable to gasoline and diesel.

                • Podcast episode

                The relationship between energy and AI is evolving rapidly

                A lot has happened since the IEA published its landmark report last year on what artificial intelligence could mean for global electricity demand and its potential to reshape how energy systems work. The tech sector has poured hundreds of billions of dollars of additional investment into AI, while the technology itself and the ways in which it’s used have continued to develop rapidly. At the same time, the deployment of AI is increasingly constrained by a range of physical bottlenecks, including for energy, raising questions about the rate at which it can expand in the near term. In this…

                • Policy

                • Albania

                • 2018

                Master Plan of Natural Gas

                Albania's Master Plan of Natural Gas, ensures supply security through increased domestic production, strategic storage use, and alternative import routes.

                • Policy

                • Bulgaria

                • 2013

                Crude Oil and Petroleum Products Stocks Act

                Emergency stocks must cover 90 days of net imports (30 days by the agency) or 61 days of consumption (20 days by the agency). The Minister of Energy may propose consumption restrictions to the Council of Ministers if needed.

                • Policy

                • Japan

                • 2022

                2022 Comprehensive emergency measures to address soaring crude oil and commodity prices

                …subsidies for low-income families (JPY 50,000 /child); -transfers to subnational authorities in the form of Extraordinary Regional Revitalization Grants local governments would redistribute to households and businesses being hit by soaring electricity and gas prices; - Partial gas and electricity price caps.The subsidies for gasoline, electricity and gas were extended in November 2023. On June 21, 2024, the Prime Minister announced the extension of subsidies for fuel prices until the end of 2024, as well as the reintroduction of subsidies for electricity and gas prices from August to October. The subsidies are being phase down since January 2025.

                • Policy

                • Australia

                • 2018

                Hydrogen Energy Supply Chain (HESC) project

                In January 2022, the HESC project pilot phase demonstrated the extraction of clean liquid hydrogen from Latrobe Valley coal and shipped overseas to Kobe in Japan. The project is now in the feasibility phase. Funding: $50 million awarded in 2018 for the pilot program delivery (delivered January 2022); $7.5 million announced in 2022 towards $184 million pre-commercialisation (feasibility) phase - conditional on Victorian Government also committing $7.5 million. The decision to move to commercial production will be made in the 2020s, with operations targeted in the 2030s.

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