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Asian spot LNG for December delivery was assessed at $31.30 per mmBtu, near a four-year high. European storage stood at 71.6% on 10 November, almost 18 points below the five-year average, and LNG shipments through Hormuz recovered to 16 cargoes in November from 26 in all of October.
Tight global LNG supply and low European storage keep energy prices elevated, raising production costs for fertilizer and energy-intensive feed processing.
rallies.aiRallies AINov 13, 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.
