Energy Market Update 03/06/2025

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:

🇺🇸 US accuses China of violating its trade agreement, providing further macroeconomic uncertainty, with a trade war between the two carrying the potential to drive a global recession.

🤝 Russian and Ukrainian delegations have convened in Istanbul for a second round of direct peace talks, the first such effort since 2022. Despite this, key challenges remain for both sides.

🏭 Europe is undergoing a major policy shift toward nuclear energy. Germany is abandoning its opposition, Belgium is reconsidering its phase-out plan this year, and Italy, Spain, and Denmark are revisiting their longstanding nuclear bans.

📈 European factory production stabilises further, with production increasing for a third consecutive month in the common currency area, supported by a near-stabilisation in demand.

🌞 Solar growth across Europe is likely to face some key challenges as Europe increasingly grapples with zero or negative pricing during periods of high solar output.

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