Europe heads into winter with gas storage about 70% full
Europe enters winter with gas storage reported at 70% full, a record low, despite Middle East disruption and improved hedging versus 2022.
Despite disruption in the Middle East, Europe is heading into winter with gas storage only 70% full, a record low. Companies are better hedged than in 2022, while warmer El Niño weather and returning Qatari supply may help. Even so, prices could still spike higher.