14 Hrs
الاقتصادية
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الاقتصادية

2026-11-05T12:57:24.041Z

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Gas falls on peace hopes

Gas falls on peace hopes

European natural gas prices fell for a fourth consecutive day amid hopes that the Democrats’ victory in securing control of both chambers of the U.S. Congress would intensify efforts to end the war with Iran. Losses in futures since the start of the week have reached about 18%. Front-month Dutch futures fell 2.6% to €85.83 per megawatt-hour, despite continued tight supplies after the war disrupted about 20% of global liquefied natural gas exports. EU gas storage levels fell to 74%, compared with a five-year seasonal average of 90%, while Germany’s stocks slipped below 61%.

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