# Europe natural gas prices near overbought territory amid heightened supply woes

> Dutch TTF gas futures have more than tripled since the start of 2026 as shipping disruption through the Strait of Hormuz cut LNG supply from Qatar and the UAE. Prices reached levels last seen in December 2022 while European storage remains well below average heading into winter.

- Date: 2026-10-31 · published 2026-11-01T12:07:59.390Z
- Category: geopolitics · region Europe · magnitude high
- Page: https://feedsoft.ai/events/8867-europe-natural-gas-prices-near-overbought-territory-amid-heightened-supply-woes
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Higher European gas prices raise the cost of nitrogen fertilizer and energy-intensive feed processing, and they lift demand for US LNG and substitute fuels. Traders are pricing a winter squeeze, though an article forecasts a possible short-term pullback if supply headlines ease.

## Read by commodity

- WTI: neutral
- UREA: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-07-29 | [European Natural Gas, Asian LNG Prices Soar on NS1 Supply Cuts](https://feedsoft.ai/events/40665-european-natural-gas-asian-lng-prices-soar-on-ns1-supply-cuts.md) | -2.1% | +11.7% |
| NATGAS | 2026-10-26 | [Natural-Gas Prices in Europe Climb to Highest Level Since 2022 Amid Iran War - WSJ](https://feedsoft.ai/events/622-natural-gas-prices-in-europe-climb-to-highest-level-since-2022-amid-iran-war-wsj.md) | +5.2% | — |
| NATGAS | 2026-03-03 | [Natural gas, LNG prices soar on Middle East supply fears](https://feedsoft.ai/events/20365-natural-gas-lng-prices-soar-on-middle-east-supply-fears.md) | +7.0% | -3.1% |
| NATGAS | 2026-07-29 | [Natural gas: Europe faces tighter winter balance – ING — Octa](https://feedsoft.ai/events/18541-natural-gas-europe-faces-tighter-winter-balance-ing-octa.md) | +2.1% | +3.0% |
| NATGAS | 2026-07-07 | [Global demand for natural gas expected to contract this year as tighter supply pushes up prices - IEA](https://feedsoft.ai/events/18538-global-demand-for-natural-gas-expected-to-contract-this-year-as-tighter-supply.md) | -12.4% | -14.4% |
| WTI | 2026-03-09 | [European nitrogen market rallies on gas price hike, Iran conflicts \| S&P Global](https://feedsoft.ai/events/20464-european-nitrogen-market-rallies-on-gas-price-hike-iran-conflicts-s-and-p-global.md) | +8.5% | +25.0% |
| WTI | 2025-06-23 | [Update: oil prices fall back after short-lived surge in early trading - FreightWaves](https://feedsoft.ai/events/8645-update-oil-prices-fall-back-after-short-lived-surge-in-early-trading.md) | -12.2% | -9.7% |
| WTI | 2018-09-13 | [Oil trades below $70 as traders assess supply shortage  \| The National](https://feedsoft.ai/events/63208-oil-trades-below-70-as-traders-assess-supply-shortage-the-national.md) | +1.0% | +4.0% |

## Sources

- invezz.com: https://invezz.com/uk/news/2026/11/01/europe-natural-gas-prices-near-overbought-territory-amid-heightened-supply-woes/
- investing.com: https://www.investing.com/news/commodities-news/citi-sees-european-gas-prices-rising-in-2027-as-middle-east-risks-spur-price-gains-4989323

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