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European natural gas prices rose more than 150% between February and October 2026, while storage stood at 72.7% of capacity versus 82.7% a year earlier. Disruptions to LNG shipments through the Strait of Hormuz, equivalent to about 20% of global LNG exports, have intensified competition between Europe and Asia for cargoes.
Tighter European gas supply and higher energy costs raise fertilizer (nitrogen) production costs and energy costs for feed processing, supporting prices across the input chain; the link to grain and oilseed prices is indirect.
forbesmiddleeast.comSalma Hamza, Joyce Abaño, Mahir Haneef, Mohamed Rashed AlkhalifaNov 13, 2026| AFFECTS | 1d | 5d | 20d |
|---|---|---|---|
| Natural Gas▲bullish | −1.5% | — | — |
After 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.
