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Delivering on the EU’s electrification ambitions
EU paper The EU has ambitious goals for electrification Electrification is a key pillar of the EU’s energy security, industrial 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…
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Oil Market Report - June 2026
The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Highlights Global oil demand is forecast to decline by 1.1 mb/d y-o-y in 2026. This represents a downgrade of 700 kb/d compared with our May Report, as 2Q26 deliveries plunged by 5 mb/d y-o-y in the face of higher…
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Türkiye
Rapid economic and population growth in Türkiye over the past two decades have not only driven strong growth in energy demand, but also an associated increase in import dependency. As a result, Türkiye has pursued a restructuring of its energy system with the aim of rationalising energy demand growth, lowering energy prices and slowing the pace of import growth.
These reforms have included measures targeted at modernisation, liberalisation and increased domestic production capacity. Notably, Türkiye has seen considerable diversification of its energy mix in the past decade. Renewable electricity generation has tripled in the past decade and the commissioning of…- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
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Temporary reduction in the excise duties on petrol, diesel and marked gas oil
Excise duty reduced 20 cent/litre of petrol and 15 cent/litre of diesel, with a 3.4 cent reduction on marked gas oil (MGO), and remain in place with effect from 10 March 2022. The current reductions are VAT inclusive amounts of 4 cent, 3 cent and 1.7 cent per litre for petrol, diesel and MGO respectively and are due to be restored on 1 August 2024.
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Act 2015-2016 no. 75 on emissions from diesel cars
In 2016, the Netherlands adopted a motion in which sales must be exclusively zero-emission cars by 2025.
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Regulations Regarding the Mandatory Blending of Bio-fuels with Petrol and Diesel (Government Notice No. R. 671)
The regulation sets out the requirements and conditions for the mandatory blending of bioethanol and biodiesel with petrol and diesel respectively that may be sold in the Republic of South Africa. It lists:A minimum concentration for biodiesel blending of 5% v/v. For bio-ethanol blending, a minimum level of 2% v/v and a maximum level of 10% v/v.The above requirements came into effect in 2015.In 2020, this regulation was ammended to include 2nd-generation biofuels (from crop and forest residues) and 3rd-generation biofuels (derived from algae).
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SEK 6.73 billion: Temporary reduction of tax on petrol and diesel
The Government of Sweden enacted a reduction of the tax on petrol and diesel by the equivalent of one krona per litre at the refuelling stations as of 2023 to support households and businesses facing high energy costs.
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IEA Guide to Reporting Energy Technology RD&D Budgets
This manual, developed by the International Energy Agency (IEA), provides comprehensive guidance for national experts responsible for reporting energy technology research, development, and demonstration (RD&D) budgets. It outlines the methodology and classification system used to collect and structure RD&D data across IEA member countries, ensuring consistency and comparability. The manual is divided into two main sections: fundamentals of RD&D budget reporting and a detailed classification of energy technologies. It defines RD&D in alignment with the OECD Frascati Manual and clarifies the scope of public and private sector reporting. It also provides instructions for completing the IEA…
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Oil Market Report - January 2026
The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Highlights Global oil demand growth is forecast to average 930 kb/d in 2026, up from 850 kb/d in 2025, reflecting a normalisation of economic conditions after last year’s tariff turmoil and lower oil prices than a year ago. A recovery in petrochemical feedstocks demand…
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Energy crisis threatens world’s most vulnerable as cooking fuel shortages grow
The Energy Crisis hits the Homefront: A growing shortage of cooking fuels The Middle East crisis has highlighted the energy security risks for a fundamental need: the ability to cook a meal The conflict in the Middle East has triggered a global energy crisis of unprecedented magnitude. The daily volumes of oil lost to global markets in March 2026 surpassed the peak supply losses of the two major oil shocks of the 1970s combined.Previous energy crises affected economies and societies in profound ways, often forcing households to ration fuel for their cars and heating for their homes. The 2026…
