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European gas prices rose above 95 EUR/MWh on November 13, a two-week high, amid Middle East tensions, colder weather expectations and Norwegian pipeline disruptions. European storage was 71.25% full, well below the five-year average of 89%.
Low storage and Norwegian outages support higher European gas prices into winter, raising nitrogen fertilizer and energy costs that pressure feed production margins.
3e-news.netМаринела АрабаджиеваNov 13, 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.
After 205 past bullish geopolitics events, Urea moved a median +0.4% over 5 sessions (53% higher; middle half -2.1% to +3.0%), and -0.4% 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.
