# The fragmented cost of energy - IntelliNews Lambda

> European gas prices broke €100 per MWh on October 28 for the first time since 2022, with EU storage at a record low of 74.89% full against a 90% target. Goldman Sachs and Gazprom have floated much higher prices if a cold winter coincides with the continued Strait of Hormuz blockade.

- Date: 2026-11-01 · published 2026-11-01T12:07:59.428Z
- Category: geopolitics · region Europe · magnitude high
- Page: https://feedsoft.ai/events/8869-the-fragmented-cost-of-energy-intellinews-lambda
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Urea](https://feedsoft.ai/c/UREA.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Expensive gas raises European fertilizer and processing costs and supports demand for substitute energy and feed alternatives. A cold winter with depleted storage could keep upward pressure on energy-linked feed input costs.

## Read by commodity

- UREA: bullish ▲
- BRENT: neutral
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-08-26 | [Mid-Distillates Face Constraints From Costly Gas and EU Sanctions  \| Energy Intelligence](https://feedsoft.ai/events/40239-mid-distillates-face-constraints-from-costly-gas-and-eu-sanctions-energy.md) | -1.1% | -27.9% |
| NATGAS | 2026-10-28 | [QatarEnergy Extends LNG Force Majeure to End of 2026 \| OilPrice.com](https://feedsoft.ai/events/266-qatarenergy-extends-lng-force-majeure-to-end-of-2026-oilprice-com.md) | +0.7% | — |
| NATGAS | 2022-12-13 | [How the Russia-Ukraine war accelerated a global energy crisis \| Reuters](https://feedsoft.ai/events/11513-how-the-russia-ukraine-war-accelerated-a-global-energy-crisis-reuters.md) | -10.4% | -46.9% |
| NATGAS | 2022-03-01 | [Russian Invasion Puts Rocket Under Spot Prices \| Energy Intelligence](https://feedsoft.ai/events/42453-russian-invasion-puts-rocket-under-spot-prices-energy-intelligence.md) | +10.2% | +24.4% |
| NATGAS | 2022-03-22 | [Vitamin amino acid industry: costs push up product prices, and the bottom of demand is expected to pick up \| China Stock Market News](https://feedsoft.ai/events/42199-vitamin-amino-acid-industry-costs-push-up-product-prices-and-the-bottom-of.md) | +14.1% | +51.1% |
| UREA | 2026-10-28 | [QatarEnergy Extends LNG Force Majeure to End of 2026 \| OilPrice.com](https://feedsoft.ai/events/266-qatarenergy-extends-lng-force-majeure-to-end-of-2026-oilprice-com.md) | -1.3% | — |
| UREA | 2026-03-02 | [Why your fertilizer could cost more because of the Iran conflict - MarketWatch](https://feedsoft.ai/events/4430-why-your-fertilizer-could-cost-more-because-of-the-iran-conflict-marketwatch.md) | +25.5% | +36.4% |
| UREA | 2026-03-01 | [The Middle East conflict demonstrates the fragility of global food supply \| World Economic Forum](https://feedsoft.ai/events/10398-the-middle-east-conflict-demonstrates-the-fragility-of-global-food-supply-world.md) | +25.5% | +36.4% |

## Sources

- intellinews.com: https://www.intellinews.com/the-fragmented-cost-of-energy-intellinews-lambda-480536/

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