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Unlocking Ukraine’s Hydrogen Opportunity: A Roadmap Policy recommendations for the coming 2-3 years
Prioritise deployment of renewables to boost energy security and create an enabling environment for future hydrogen development Ukraine currently lacks adequate power generation capacity and restoring energy security must be a priority. Any activity focused on accelerating deployment of renewables will have positive spillover effects for hydrogen, by building experience across the workforce and companies and helping to build confidence among potential investors. This will also indirectly reduce the cost of capital by reducing the uncertainties related with renewable electricity generation. Similarly, any efforts related to permitting and administrative processes for renewables can also support the creation of standardised processes…
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Korea 2025 Executive summary
The energy crises resulting from the global Covid-19 pandemic and the Russian Federation’s invasion of Ukraine propelled carbon neutrality and energy security to the forefront of Korea’s energy policy. Despite robust growth in gross domestic product (GDP), Korea has managed to stabilise and reduce its greenhouse gas (GHG) emissions in recent years following a peak around 2018. Nonetheless, it faces challenges in fully decoupling emissions from economic growth. Notable among these challenges is the continued reliance on coal and the need for further expanding renewable energy technologies.Addressing Korea’s challenges will require sustained policy efforts, domestic…
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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.
- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
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Oil Market Report - March 2025
…around $70/bbl. Shifting sands Benchmark crude oil prices fell in February and early March as concerns mounted over the outlook for the economy and global oil demand growth amid escalating trade tensions and as OPEC+ announced it would start unwinding production cuts in April. Against this backdrop, discussions started on the potential for an initial ceasefire and an eventual peace deal in Ukraine. ICE Brent futures declined by $11/bbl over the past eight weeks, trading near three-year lows around $70/bbl at the time of writing.The macroeconomic conditions that underpin our oil demand projections deteriorated ove...
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Oil Market Report - September 2025
…in line with the seasonal trend. According to preliminary data for August, global oil stocks were largely unchanged as lower oil on water was offset by OECD builds.Benchmark crude oil prices drifted lower in August, with ICE Brent futures falling by about $2/bbl m-o-m to $67/bbl. Geopolitical concerns intensified amid dwindling hopes for a near-term peace deal between Russia and Ukraine. However, the prospect of looming oversupply dampened any positive price impetus, as investor sentiment towards oil remained strongly bearish. Pushed and pulled Oil markets are being pulled in different directions by a range…
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Oil Market Report - October 2025
…while oil on water dropped 8 mb. Preliminary data for September show sharply higher oil stocks, led by a 102 mb build in oil on water.In calm trading, benchmark crude prices were little changed in September, as a looming supply surplus dampened the bullish impact of heightened Ukraine tensions and fresh sanctions against Russia and Iran. Price volatility continued to languish at historical lows. At the time of writing, ICE Brent futures were trading at around $64/bbl – down approximately $11/bbl year-to-date. Stocking up The oil market has been in surplus since the start of the…
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Oil Market Report - December 2025
…mb/d and 108.6 mb/d, respectively.After weathering significant unplanned refinery outages in November, tightness in refined product markets has eased, but sanctions in 1Q26 will provide fresh challenges. The stark contrast between surging crude supplies and unexpectedly tight product markets has pushed refinery margins back to levels last seen in the aftermath of Russia’s invasion of Ukraine. Runs forecasts for 2026 have been increased to 84.4 mb/d, with growth raised to 750 kb/d.Global observed inventories rose to four-year highs in October, at 8 030 mb. Stock builds averaged 1.2 mb…
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Net storage injections and withdrawals in Ukraine, January 2024 – September 2025
Net storage injections and withdrawals in Ukraine, January 2024 – September 2025 Ukraine’s Energy Security: a pre-winter assessment
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IEA Members reaffirm support for IEA-Ukraine Collaboration Programme
…underscoring the initiative’s importance as Ukraine approaches the fourth anniversary of Russia’s full‑scale invasion.The joint statement from the Ministers of the Programme’s donors – Canada, Czechia, Denmark, Germany, Latvia, Lithuania, Poland, Sweden, the United Kingdom and the European Commission – was released during the IEA’s 2026 Ministerial Meeting.The Ministers applauded the IEA’s work with Ukraine through the Programme, noting that it supports both the near-term reconstruction of Ukraine’s energy sector – which remains under significant attack by Russia – and helps facilitate the investments needed for Ukraine to build a new energy future.In their…
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State of Energy Policy 2026 Executive summary
Governments are navigating a sustained period of risks and disruptions In recent years, energy has been elevated to a core issue of national and economic security. Global supply chain disruptions after the Covid‑19 pandemic, Russia’s full-scale invasion of Ukraine, trade restrictions on key products including critical minerals, several years of extreme heat affecting energy systems and conflicts affecting major energy suppliers have unfolded in successive waves over the past five years. These events have brought long-standing energy security concerns back into sharp focus while exposing new vulnerabilities. They also highlight energy’s central role in geopolitics, with…
