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            • Oil Market Report - June 2026

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                • Country

                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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                • + 5 pages

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                • 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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                Nigeria

                Nigeria is the largest economy and the richest oil resource centre of the African continent. The country also remains the largest gas consumer and producer of West Africa. Notable power sector reforms are underway in Nigeria, including plans for electrification.

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                • + 5 pages

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                Qatar

                Qatar is a major producer and exporter of natural gas, oil and oil products. Its domestic oil and gas productions entirely cover the country’s energy needs.

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                • Commentary

                • 04 Feb 2026

                Canada is set to play a leading role in supplying the world with responsibly produced critical minerals

                …and announced projects could enhance its role as a major global supplier of nickel, lithium, graphite, cobalt and rare earth elements. Mining of copper, cobalt, lithium, nickel and graphite is already widespread across several provinces and territories, with 56 active projects in 2024 – and Canada already covers, or aims to cover, multiple stages of the supply chain domestically. It also has the potential to significantly scale up production capacity. Canada’s lithium reserves, for instance, could supply around half of cumulative global demand from 2030 to 2050. Canada, which hosts about half of the world’s publicly listed mining and exploration…

                • Commentary

                • 22 Mar 2026

                Wired for water: How electrification is transforming desalination

                …of consumption. As the global population grew by 30%, municipal withdrawals increased at a similar pace, while a moderate decline in industrial withdrawals partly offset growth in other sectors.As population and municipal demand increase, water stress is intensifying. Chronic overuse of non-renewable water sources can cause irreversible to damage natural capital, leading to a situation referred to as “water bankruptcy”. Over the past two decades, the number of people living in highly water-stressed areas has risen by almost 1 billion to more than 3 billion. Three-quarters of this growth occurred in extremely high-stress regions, areas…

                • Commentary

                • 10 Feb 2026

                What it would take to unlock the next phase of hydrogen growth

                Can hydrogen scale up successfully Global hydrogen demand reached 100 Mt in 2024, mainly from refineries, the production of chemicals and the iron and steel sector. Demand grew by almost 2% from 2023, in line with overall energy demand growth. This consumption was almost completely met with hydrogen produced from unabated fossil fuels, using 290 billion cubic metres of natural gas and 90 million tonnes of coal equivalent. However, alternative technologies that can produce low-emissions hydrogen have attracted a lot of interest from governments given their potential to reduce greenhouse gas emissions and diversify energy supply, particularly in countries that have a…

                • Commentary

                • 19 Jan 2026

                7 certainties about energy for this age of uncertainty

                …such as AI, data centres and high-tech manufacturing – and is increasing its share of major sectors like road transport and heating through technologies such as EVs and heat pumps. Already today, more than half of the investment going into the global energy sector each year is going to electricity. Renewables will keep growing Despite some headwinds, in many countries around the world, renewables are meeting much if not all of the rising demand for electricity, often because they are the most competitive option. Solar is leading the way, as the countries that are increasingly driving energy demand, such as…

                • Commentary

                • 19 Jun 2026

                Delivering on the EU’s electrification ambitions

                …competitiveness, and climate strategy. 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…

                • Commentary

                • 27 Mar 2026

                Policy and financing momentum sustain CCUS progress despite setbacks

                …operating in Norway. Major projects were also commissioned in China and North America, and the construction of new facilities began in eight countries worldwide. The newest annual update to the IEA’s CCUS Project Database – which incorporates developments between the first quarter of 2025 and the first quarter of 2026 – found that capture capacity that was operational or under construction during this period was over 10% higher than in the previous Database update, which covered the first quarter of 2024 through the first quarter of 2025. Meanwhile, storage capacity increased by around 25%. In terms of future prospects, the total…

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