European wholesale gas prices topped 97 euros per megawatt-hour on October 26, the highest since December 2022, as EU gas storage was only 74.62% full on October 25. LNG flows through the Strait of Hormuz remain about 80% below pre-conflict levels following the US-Israeli war on Iran. Trading Economics forecasts 98.20 euros/MWh by the end of Q4 2026, while in the UK one-month gas futures rose 4%, and Brent is around 115 USD a barrel. EDF expects UK household energy bills to rise 27% in January 2027, lifting the average annual bill to nearly 2,200 pounds (2,940 USD). Berlin plans to ask households and businesses to contribute over 3 billion euros across 10 years to an emergency gas reserve, while the EU's Russian gas share fell from about 45% in 2021 to about 12% in 2025.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Giá khí đốt tại EU đạt mức cao nhất trong 4 năm
Keywords
natural gasEuropeoil pricesStrait of Hormuzenergy security
Open a keyword to see other news on the same topic.
Related tickers and likely impact
EUR/USD
▼ Likely negativeRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/26/2026 | 1.11744 |
| Change that session | -0.27% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Qatar deal to buy U.S. natural gas shows how Iran war has redrawn global energy markets
QatarEnergy struck a deal Thursday with Cheniere Energy to buy 4 million metric tons of LNG annually through 2054, priced off Henry Hub plus a fixed fee, with deliveries starting in the 2030s. Qatar, once the second-largest LNG exporter after the U.S., has seen shipments collapse since Iran bombed its Ras Laffan facility in March, knocking out about 17% of export capacity; repairs are expected to take about three years, and Qatar has declared force majeure monthly while exporting very little through the Strait of Hormuz. Venture Global is reportedly in advanced talks to supply 3 million metric tons annually to Qatar, and Cheniere and Venture Global shares have risen 26% and 40% since the war began. Analysts remain broadly positive: nearly 90% of those covering Cheniere rate it favorably, with an average target of $314, about 9% above Thursday's close, while about 60% rate Venture Global favorably and the rest neutral. The article quotes an analyst saying the U.S. is becoming disproportionately large in global LNG market share as buyers diversify supply.
- Russia issues stark warning: 'Europe has no other choice'
Russian Deputy Prime Minister Alexander Novak warned that Europe will struggle to fully make up for lost gas supply if it keeps cutting Russian volumes, amid instability in the Strait of Hormuz and disrupted production at a Qatari LNG facility that halted after attacks in March. He said the EU's LNG import ban, effective January 1, 2027, makes little sense while supply is tight, and that European consumers would bear the consequences. Novak estimated European gas reserves are about 10% below the average of previous years, and Reuters forecasts storage will reach only about 75–78% of capacity by November, well below the five-year average. Still, Russia supplied about 12 million tonnes of LNG to Europe in the first nine months of 2026, higher than a year earlier, as European buyers rush to purchase and stockpile before the ban. The EU has adopted a roadmap to end Russian gas imports, banning long-term LNG contracts from January 1, 2027 and phasing out pipeline gas during 2027.
- EC President proposes EU strategic gas reserve
European Commission President Ursula von der Leyen has proposed that EU leaders consider creating an EU-wide strategic gas reserve at the EU summit in Brussels, according to Politico, though officials have not yet clarified its form. The idea comes as Europe's gas storage sits at record lows after summer gas prices rose amid the Middle East conflict, and the bloc may enter the heating season with storage only 70-75% full. Member states must fill storage to 90% between October 1 and December 1, with a 10% flexibility margin, but the Commission is prepared to lower the target to 80% this year given a forecast for a very mild winter. Reaching the goal would require at least 68 billion cubic meters of net gas injections for the 2026-2027 season.
- Iran sends unwelcome news to the whole world
According to Rystad Energy, global LNG spending in 2026 could reach at least $256.3 billion, up about 18% from the $217.8 billion forecast before the conflict, meaning importers would pay at least $39 billion more even though they buy 60.7 million tonnes less. The main cause is the disruption of LNG exports from Qatar and the UAE through the Strait of Hormuz, forcing buyers who lost supply to purchase replacement cargoes at higher prices. Europe bears the heaviest impact, with about 65% of its LNG bought on the spot market, a bill rising by at least $12 billion (18%), and average LNG prices up about 47%. East Asia is less affected, with costs rising about 9.7% because roughly 82% of its long-term contracts are priced against crude oil; Rystad notes that diversifying pricing mechanisms can help control costs but does not guarantee physical supply.
- Russian Deputy PM Surprised by Europe's Plan
Russian Deputy Prime Minister Alexander Novak said Europe has no way to offset a gas shortfall, citing the closure of the Strait of Hormuz and a Qatari plant halted after March attacks. He argued that European politicians would harm themselves by banning supplies, including from Russia, as higher fuel prices would fall on European consumers. Gas storage levels are said to be more than 10% below the average of previous years. According to ACER, Russia still supplied 12% of the EU's LNG as of May 2026. A report from Urgewald, cited by The Times, found that 12.18 million tonnes of Russian LNG worth 7.88 billion euros reached EU ports from January to September, up 9.5% year on year, while the European Commission maintains that the deadlines will be met.
- Govt . to fund half the cost of deepwater wells , recover money from winners
India's government will fund up to 50% of the cost of risky deepwater exploration wells under the 84,084 crore rupee Samudra Manthan scheme, to be repaid from revenue if a well finds oil or gas; if nothing is found, the State absorbs the loss. Repayment starts after seven years of commercial production or once the operator recovers 50% of its exploration and development costs, whichever comes first, in annual instalments without inflation indexation. The scheme covers 60 deepwater and ultra-deepwater wells: 56 exploration wells get up to 50% of actual cost, capped at 675 crore rupees each, and four stratigraphic wells get up to 100%, capped at 1,350 crore rupees each, with well support potentially reaching 43,200 crore rupees. Only state-run firms or consortia they lead can apply, only blocks awarded under the Revenue Sharing Contract regime since 2016 qualify, and development and sidetrack wells are excluded. A separate track offers viability gap funding for shared infrastructure to link small or stranded discoveries, initially in the Mahanadi basin.
Related markets
Latest news
- Singapore Data Center GPU Market Size, Share, Trends, and Forecasts, 2026-2031 | Generative AI and Hyperscaler Expansion Propel Market to USD 0.79 Billion at 13.37% CAGR
The Singapore data center GPU market was valued at USD 0.42 billion in 2026 and is projected to reach USD 0.79 billion by 2031, growing at a 13.37% CAGR over 2026–2031. Key drivers include generative AI, large language model training, and hyperscaler investment, with Microsoft, Amazon Web Services, and Google earmarking more than USD 19 billion for Singapore infrastructure projects over 2024–2029. The DC-CFA2 program caps expansion at 200 megawatts and requires 50% renewable energy, while limited space creates cooling, electrical, and structural challenges that can extend timelines and raise costs. Cloud data centers held 67.42% of the market in 2025, while edge data centers are forecast to grow fastest at a 16.94% CAGR.
- Nio's Sales Surged 49%, but There's an Even Better Number Investors Should Know
Nio delivered 300,301 vehicles through September, up 49.2% year over year, across its Nio, Onvo, and Firefly brands. Vehicle gross margin reached 18.5% in the second quarter, up 8.2 percentage points from 10.3% a year earlier, even as the company expanded into more affordable EVs. Management attributed the improvement to a more favorable product mix and cost optimization. Other sales gross margin swung from negative 29% in 2022 to positive 6.6% in 2025, helped by the growing battery-swap network, though vehicle gross margin slipped from 18.8% in the first quarter to 18.5% in the second. Management believes Nio will be net profitable next year, but the article notes the latest results do not yet settle that question.
- Don't Be Surprised If NVIDIA, Micron, and SanDisk Outperform the Market Again
NVIDIA, Micron and SanDisk (NVDA, MU, SNDK) have led the 2026 chip rally, with year-to-date gains of 14.71%, 205.02% and 437.47%, respectively. Estimates have kept rising: NVIDIA's fiscal 2028 EPS to $15.9146 (from $12.7636 90 days ago), Micron's fiscal 2027 to $176.6868 (from $150.0075), and SanDisk's fiscal 2028 to $266.2971 (from $248.4217). At $213.43, NVIDIA trades at 13 times fiscal 2028 estimates; at $300 (a 41% gain) that would be 19 times, still below the S&P 500's 21-23 times. Micron trades at 5 times fiscal 2027 estimates at $869.87, and $1,500 (a 72% gain) would be about 8 times; SanDisk trades at 6 times fiscal 2027 estimates, and $2,000 (a 57% gain) would be 9 times. The article cites at least $93.9 billion in expected revenue from SanDisk's agreements and a $15.5 billion buyback, while noting that memory has always been cyclical.
- Is Trade Desk Stock's Drop A Chance To Buy?
Trade Desk (TTD) lost 76.4% in a year while the S&P 500 returned 15.3%, but its EMEA and APAC regions have each grown almost 30% so far in 2026, per management on the August 6, 2026 earnings call. Total revenue grew only 11.8% in fiscal Q1 2026 and 3% in fiscal Q2, though CTV in both regions rose over 50% in fiscal Q2. Guidance for fiscal Q3 2026 is at least $650 million, below $739 million a year earlier, as management said tariffs and oil prices had set back CPG and auto advertisers. Less investment could slow growth abroad, and news reports said on September 4, 2026 that Trade Desk was laying off 15% of its staff. The regions' growth is the figure to watch when fiscal Q3 2026 results arrive in November 2026.
- Apple (AAPL) vs. MSFT and GOOGL: Is the Post-Earnings Selloff Creating a Long-Term Buying Opportunity?
This article summarizes a bullish thesis on Apple (AAPL) by Natan Rose, published on Research Nuggets' Substack on Aug. 18, when AAPL has since gained 10.92%, reflecting optimism about a stronger iPhone upgrade cycle as early iPhone 18 Pro sales outpace last year's model. Apple reported record revenue of $109.42 billion, up 16%, with iPhone sales up 22% and EPS of $2.02, yet the stock fell 7.35% after earnings as guidance of 9%-11% growth came in below the 12% analysts had hoped for. The article attributes the slowdown mainly to memory chip supply, as DRAM and NAND are increasingly directed to AI data centers, rather than to weaker demand. Risks cited include slower growth with a valuation near 35 times earnings, a CEO transition to John Ternus, and regulatory pressure on App Store fees.
- Russia's diesel output jumps after export curbs are lifted
Russia's daily diesel output rose from 160,000 tonnes in early October to 180,000 tonnes after the government eased export restrictions, allowing companies to ship up to 500,000 tonnes in October. Based on Reuters estimates, a drop in domestic demand after the harvest could free more than 1 million tonnes a month for export. A diesel deal between Presidents Putin and Trump, and a temporary US sanctions waiver for Russian diesel imports, has strained US-Ukraine relations, with Trump urging Zelensky to stop attacks on Russian refineries. Zelensky called Trump's claims “completely false” and argued that the US-Israeli military campaign against Iran and Iran's response had caused severe disruption in the Strait of Hormuz. Russia was previously the world's second-largest diesel exporter, with about 10% of global exports, so supply disruptions could push up prices even in countries that do not import directly.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.