Energy Market Update 29/04/2025
Published: 29/04/2025
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:
🇺🇸 The Trump administration has signalled a willingness to de-escalate the trade war with China, easing recessionary concerns.
🛢️ The EU Commission is considering banning new contracts for Russian fossil fuels, even in the event of a peace deal, which could further tighten supply in Europe and support prices as countries seek alternative supplies.
🕊️ Positive developments between Trump and Zelenskiy regarding ending the Ukraine war signal an improving relationship between the two countries and bolsters peace prospects.
📉 The EU committee voted in favour of softening the EU storage refill target to 83% full, with the potential for an up to 8% deviation, between 01-Oct and 01-Dec easing buying pressure along the curve.
☀️ Solar power generation is expected to increased by 24% year-on-year in the UK and around 20% year-on-year across Northwest Europe over the summer.
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