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Germany's gas storage was 61.17% full on Friday, well short of the roughly 70% target for November 1, and the economy ministry said it will miss the goal. A cold snap forecast across Germany and Europe is expected to lift heating demand.
A storage shortfall plus colder weather raises demand for imported LNG and pipeline gas into winter, supporting European gas prices that have already tripled this year. Higher gas costs also feed into nitrogen fertiliser and feed-processing costs.
energyconnects.comBloombergNov 1, 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.
