Energy Market Update 04/03/2025

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:

🤝 Uncertainty around Ukraine-Russia peace talks is lending support on the back of a further souring of relations between the US and Ukraine after talks on Friday in Washington.

📈 Speculators continue to exacerbate upwards trends in UK and European energy markets. The EU’s Afforadble Energy Action Plan, released Wednesday, has not introduced any policy to change this.

📉 European underground gas storage levels have continued to fall at a faster rate. Storages are now only 38.2% full below the 5 year average of 43.8% which raises concerns of increased demand throughout Summer as Europe scrambles to refill storages.

📅 The European Commission has again reaffirmed that they will introduce dynamic storage refilling targets. No specific details have been released yet, but it has been suggested Germany’s 01-Nov target could be reduce from 90% to 80%.

💰 China’s LNG imports dropped to the lowest level since Covid restrictions in 2020. There is also a fear that Chinese gas buyers may be hesitant to commit to long term deals with the US as a result of the addition 10% tariff Trump put on Chinese imports.

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