With storage below normal and Gulf LNG flows at risk, European gas prices will keep making new highs through the heating season, and each cold spell or Hormuz incident will reprice European utilities, industrial margins and energy-importing sovereigns.
forming · confidence 38 · Emerging (watchlist) · tracking since October 27, 2026 · updated October 27, 2026
Dutch front-month gas futures rose to about €97.6/MWh on Tuesday, a four-year high, with European storage below normal before winter.
Supporting · October 27, 2026
European gas reaches a four-year high as storage runs below normal before winter
Dutch front-month gas futures rose to about €97.6/MWh on Tuesday, a four-year high, with European storage below normal before winter.
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