# European Natural Gas Prices Fall Further

> European natural gas prices fell more than 3% to below €92/MWh, their lowest in over a week, extending a 8.7% decline on Monday. The drop followed reports of progress toward a possible US-Iran diplomatic agreement, which eased the geopolitical risk premium that had pushed prices above €100/MWh. Storage remains tight, with Germany at 61.05% full and EU inventories below 75%, the lowest on record for this time of year.

- Date: 2026-11-03 · published 2026-11-03T18:08:38.139Z
- Category: macro · region EU · magnitude low
- Page: https://feedsoft.ai/events/78091-european-natural-gas-prices-fall-further
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Lower European gas prices reduce input costs for nitrogen fertilizer producers, which can ease urea pricing pressure. Tight EU storage and colder weather still support prices, so the decline may be temporary if diplomacy stalls.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2023-01-03 | [Natural Gas Prices in Europe Fall to Pre-Invasion Levels - The New York Times](https://feedsoft.ai/events/9189-natural-gas-prices-in-europe-fall-to-pre-invasion-levels-the-new-york-times.md) | -4.8% | -32.8% |
| NATGAS | 2019-05-07 | [Natural gas and coal: Plunging prices](https://feedsoft.ai/events/59268-natural-gas-and-coal-plunging-prices.md) | +5.3% | -3.9% |
| NATGAS | 2026-10-23 | [U.S. Natural Gas Futures Fall on Mild Near-Term Weather - WSJ](https://feedsoft.ai/events/626-u-s-natural-gas-futures-fall-on-mild-near-term-weather-wsj.md) | +2.3% | — |
| NATGAS | 2021-03-12 | [Asia and LNG Are Disrupting Europe’s Natural Gas Price Model - Bloomberg](https://feedsoft.ai/events/48283-asia-and-lng-are-disrupting-europe-s-natural-gas-price-model-bloomberg.md) | -8.1% | -6.7% |
| NATGAS | 2020-06-03 | [Natural gas prices could go negative on global oversupply](https://feedsoft.ai/events/52798-natural-gas-prices-could-go-negative-on-global-oversupply.md) | +2.8% | +4.8% |

## Sources

- tradingview.com: https://www.tradingview.com/news/te_news:597752:0-european-natural-gas-prices-fall-further/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.