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EU gas storage was 71.6% full on Nov. 11, with Germany at 58%, well below the five-year average for the start of the heating season.
Asian spot LNG is above $30 per MMBtu, and Rystad sees winter price risks in both directions.
Low European storage and Hormuz-related LNG losses pull US cargoes toward Asia, supporting European gas prices and raising feed-energy and fertilizer costs for buyers.
oilprice.comMichael KernNov 12, 2026After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% 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.
