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The IEA said the steep rise in European gas prices reflects a strong demand recovery, tighter supply, and weather factors such as a cold European winter and low wind output. It rejected blaming the clean energy transition and said European storage is below its five-year average.
The IEA's assessment confirms that the gas squeeze is structural and may persist into winter, keeping energy and nitrogen fertiliser costs elevated. That supports higher input costs for feed producers.
iea.orgIEA - International Energy AgencyOct 1, 2021After 74 past bullish report events, Natural Gas moved a median +1.3% over 5 sessions (55% higher; middle half -4.0% to +11.3%), and +2.1% 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.
