Energy Market Update 23/04/2025

Welcome to our weekly energy market update, where we share the latest trends, shifts, and key developments impacting the energy sector. Whether it’s fluctuations in oil and gas prices, changes in renewable energy policies, or updates on energy infrastructure projects, we’re here to help you stay informed. Join us as we break down the most important factors influencing the market this week, and explore what these changes could mean for your business.

Current Market Drivers:

🏛️ Trump’s tariffs have led to a dispute with Fed Chair Jerome Powell over interest rate cuts, which supports views of a global recession.

🇪🇺 Europe Council and Parliament are coming to a consensus around relaxing storage targets, which could see the November deadline have a target 7-11% lower than currently. Shared purchasing is also being considered, reducing competition within the bloc.

🌏 Falling Asian demand could impact growth in US LNG export capacity in the coming years and lead to a slower growth rate.

🔋 Whilst storage targets could be relaxed, Europe looks likely to extend the storage targets beyond 2025, maintaining some support from injection demand.

🌊 Concerns have been raised over summer wind and hydro output across Europe as a recent study showed decreases over recent years due to changing climate conditions.

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