# Gas, Power and Carbon Prices Rise as Oil Supply Recovers – EnergyScan

> European gas, power and carbon prices rose on November 12, with TTF December 2026 up 2.27% to €86.65/MWh. The gain followed an Iranian security chief's statement that no enriched nuclear material would leave Iran, which revived a geopolitical risk premium. Norwegian supply dipped on unplanned outages.

- Date: 2026-11-12 · published 2026-11-12T18:09:41.675Z
- Category: geopolitics · region Europe · magnitude low
- Page: https://feedsoft.ai/events/95842-gas-power-and-carbon-prices-rise-as-oil-supply-recovers-energyscan
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Higher European gas prices raise the cost of nitrogen fertilizer and energy-intensive feed processing in Europe. The move has no direct effect on feed commodity prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-08-01 | [Asia Gas Prices Extend Surge as Region Seeks More Supply](https://feedsoft.ai/events/40667-asia-gas-prices-extend-surge-as-region-seeks-more-supply.md) | -1.2% | +13.4% |
| NATGAS | 2026-03-19 | [Prices for oil, fuel cargoes smash record highs as Iran war chokes Middle East supply \| Reuters](https://feedsoft.ai/events/6637-prices-for-oil-fuel-cargoes-smash-record-highs-as-iran-war-chokes-middle-east.md) | -4.7% | -12.3% |
| NATGAS | 2022-04-01 | [Asia LNG Price Surges to Record as War Spurs ‘Panic’ Over Supply](https://feedsoft.ai/events/42452-asia-lng-price-surges-to-record-as-war-spurs-panic-over-supply.md) | +11.8% | +26.8% |
| NATGAS | 2026-03-01 | [Oil and gas prices surge as Iran war disrupts Middle Eastern output \| Reuters](https://feedsoft.ai/events/5228-oil-and-gas-prices-surge-as-iran-war-disrupts-middle-eastern-output-reuters.md) | +7.5% | +4.0% |
| NATGAS | 2026-03-03 | [Global oil and gas prices soar as Iran crisis disrupts shipping, production \| Reuters](https://feedsoft.ai/events/8777-global-oil-and-gas-prices-soar-as-iran-crisis-disrupts-shipping-production.md) | +7.0% | -3.1% |

## Sources

- energyscan.engie.com: https://energyscan.engie.com/daily-news/gas-power-and-carbon-prices-rise-as-oil-supply-recovers/

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