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European gas storage stood at about 72% full, well below the 90% level expected at this point, according to the article. LNG prices are rising as the Strait of Hormuz closure cuts about 20% of world supply, and Europe is competing with Asia for scarce US cargoes.
The article also cites the halt in Russian pipeline purchases and the closure of the Groningen field.
Low storage and expensive LNG raise the risk of winter gas rationing and higher industrial costs in Europe. Gas-linked nitrogen fertiliser production could tighten, supporting urea and ammonia prices.
icis.comPaul HodgesNov 15, 2026After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
