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European natural gas prices opened above EUR 86/MWh, near their lowest level in two weeks, as markets weighed prospects for diplomacy between the United States and Iran. LNG deliveries from the Middle East remained disrupted, European storage stood at 72.65% on November 8, and colder weather, weaker wind and solar generation, and below-expected Norwegian supplies were driving withdrawals.
Tight LNG availability and stronger weather-related demand increase competition for gas and support European prices, while diplomatic progress could ease supply-risk premiums. Falling storage adds to winter supply concerns.
3e-news.netМаринела АрабаджиеваNov 9, 2026After 136 past bullish geopolitics events, Natural Gas moved a median +2.7% over 5 sessions (63% higher; middle half -1.8% to +8.8%), and +4.0% 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.
