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Energy Markets

30.07.2025

Energy markets climbed on Tuesday as global supply concerns deepened. Oil prices rose due to fears of new sanctions on Russia, following the U.S. shortening its ceasefire deadline for the Ukraine conflict. At the same time, easing trade tensions supported prices. Brent crude jumped 3.5% to $72.51 per barrel, while WTI crude rose 3.8% to $69.21 per barrel.

Natural gas markets also saw gains. Increased global demand for liquefied natural gas (LNG), especially during hot weather driving cooling needs, pushed the NBP spot price up 4% to 82.65 pence per therm. On the futures side, the Winter 2025 contract rose 2.6% to 93.76 p/therm amid growing geopolitical uncertainty and pressure for quick peace talks between Russia and Ukraine.

Electricity prices in Europe showed mixed trends. Germany’s spot power price dropped 1.3% to 75.95 EUR/MWh due to stronger wind output. Meanwhile, France’s price surged over 15% to 48.72 EUR/MWh, driven by rising temperatures, potential power import stress, and extended shutdowns at key nuclear reactors.

Long-term contracts and carbon prices also gained. Germany’s 2026 power contract increased by 2.7% to 88.25 EUR/MWh, while France’s rose over 3% to around 64 EUR/MWh. Carbon prices strengthened as well, with December 2025 EU Allowances climbing 3.4% to 73.08 EUR/tonne, supported by robust buying and news of reduced permit supply from the EEX auction plan.