Energy Market Update 24/06/2025

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 involvement in the Israel-Iran conflict, including the bombing of several nuclear sites on Sunday and Iran’s vow of retaliatory measures, such as the potential closure of the Strait of Hormuz, continues to fuel geopolitical risk.

🛢 The EU has set out a roadmap to phase out Russian fossil fuels by the end of 2027, effectively ending the bloc’s use of Russian gas, which could strain already tight fundamentals in the region.

🏭 The UK government’s Industrial Strategy Bill aims to combat high energy prices for energy-intensive industries by cutting their energy bills by 25% by 2027, potentially signalling an uptick in demand.

🌬 The UK Crown Estate has invested £400 million in the offshore wind supply chain, signalling continued investment in the UK’s renewable energy buildout.

⚡ EU gas demand is forecast to decline by 7% by 2030, due to increasing renewable generation and electrification.

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