November 25, 2025

Studio Energy Podcast – Market Update 11/25

In this new episode, we talk about oil, and therefore about OPEC+, which is meeting again on Sunday. What is the status of the sanctions against Rosneft and Lukoil? What is Orbán doing in Moscow, and—on a completely different note—what is the "Grinwis penny"?
Last week, Canada gave the green light for the construction of a new oil pipeline to the west coast. Becoming less dependent on the US is the motto for Canadians. Great Britain, on the other hand, will maintain the windfall tax on oil and gas profits introduced after the invasion of Ukraine until at least 2030, which, according to the sector, will lead to devastation.
What is the situation with gas storage and how does this relate to the remarkably low gas price? We discuss the EU ETS 1 price and the postponement of ETS 2. Will it ever happen?
Finally, Hans answers a question from a listener about the recently introduced dynamic quarter-hourly prices. I discuss this and much more with Hans van Cleef, the Netherlands' leading market analyst and head of energy research at EqoLibrium.

Listen to the entire podcast here!