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Dutch TTF gas rose 17% in three days, trading as high as 96.42 EUR/MWh, as Europe drew down record-low storage at nearly three times the normal pace. Germany's day-ahead price hit a year high on 10 November amid cold weather and low wind output, and Norway's Visund outage added to supply strain.
Cold weather and fast storage withdrawals raise the risk of expensive winter gas, which feeds into European fertilizer costs and energy-intensive feed processing.
energyflux.newsSeb KennedyNov 13, 2026After 221 past bullish weather events, Natural Gas moved a median +3.3% over 5 sessions (61% higher; middle half -5.2% to +14.0%), and -0.3% over 20.
After 30 past bullish weather events, Urea moved a median +1.4% over 5 sessions (67% higher; middle half -0.3% to +1.6%), and +9.1% 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.
