---
title: "Gas prices in Europe reached $1200 per thousand cubic meters and then corrected to about $1050 on… — truecon — DecisionGateway"
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statementSaid on 2026-11-05

# **Gas prices in Europe reached $1200 per thousand cubic meters and then corrected to about $1050 on hopes that the Middle East situation would normalize, but gas withdrawal from storage has already begun.**

A statement by [**truecon**](https://dgw.tmarket.io/actors/01a1d549-f39e-730f-9f95-78ab0f818ce5), said on 2026-11-05. Statements are as reported by the cited publishers — not verified by DecisionGateway.

> *Цены на газ в Европе сходили к $1200 за тыс. м3 потом скорректировались до \~$1050 за тыс. м3 на надеждах, что ситуация на Ближнем Востоке нормализуется, но отбор газа из хранилищ уже начался*

trueconPublished 2026-11-05 [ Read source](https://t.me/truecon/5980)

[**truecon dossier **](https://dgw.tmarket.io/actors/01a1d549-f39e-730f-9f95-78ab0f818ce5)

## **Related claims**

[**The 'Twelve-Day War' in June 2025 drove the Brent price to $75–78, and after the closure of the Strait of Hormuz in March 2026 the oil price rose above $120 while the price of European natural gas doubled.**analytik\_news · statement](https://dgw.tmarket.io/claims/01a1cd79-8b2d-79f8-a921-b272f7a4aadb) [**In the broader seaborne coal market in Europe, prices have declined from multi-year highs but remain high due to short-term bullish factors.**argus\_price\_agency · statement](https://dgw.tmarket.io/claims/01a1cc17-6d65-78a1-9549-bbab30c2a6ef) [**Since the start of the heating season on October 28, European countries have withdrawn almost 3 billion cubic meters of gas from underground storage; net withdrawal exceeded 2 billion cubic meters, more than three times the average over the past five years.**ТАСС · statement](https://dgw.tmarket.io/claims/01a1cf0c-8492-7984-baf9-5011eddb9a22) [**In the broader seaborne coal market in Europe, prices reached new multi-year highs amid shrinking global supply and improving prospects for coal burning due to falling temperatures on the continent.**argus\_price\_agency · statement](https://dgw.tmarket.io/claims/01a1cc14-624e-743b-8c46-11954bb71616) [**According to Gas Infrastructure Europe, on November 6 the daily gas withdrawal from German storage facilities set a record for that date; the previous maximum was exceeded by 58.7%, or 37 million cubic meters.**Gas Infrastructure Europe · statement](https://dgw.tmarket.io/claims/01a1cf0c-841c-7a90-b3db-e619e73a52e7) [**In the first 10 days of the heating season, Europe used 5% of the gas volume stored in summer — 51.2 billion cubic meters; on seven of those days daily withdrawal set records.**tb\_invest\_official · statement](https://dgw.tmarket.io/claims/01a1cf0c-84c0-7130-9bc9-68ff264a2aaf)

## **More claims by truecon**

[**Inflation expectations declined slightly but remain high: 4.3% for one year and 3.4% for five years; overall, everything points to the Fed having to raise rates in December.**prediction](https://dgw.tmarket.io/claims/01a1d110-f58c-7104-b2d0-4d8a582a59ed) [**The financial conditions index is at extremely comfortable levels, the financial stress index likewise, and the key rate can hardly be characterized as tight.**statement](https://dgw.tmarket.io/claims/01a1d110-f545-78cf-934b-b7b220b1f44d) [**Hourly wage growth accelerated slightly to 0.4% m/m and 3.1% y/y; weekly jobless claims were only 189 thousand, and the number of Americans on benefits was about 1.7 million — lows since 2023.**statement](https://dgw.tmarket.io/claims/01a1d110-f503-7b3f-89a7-d682f7c833f7) [**The number of open vacancies rose to 7.5 million, and the ratio of vacancies to unemployed rose to 1.06.**statement](https://dgw.tmarket.io/claims/01a1d110-f4cf-7cda-adff-6b49cd680964) [**The unemployment rate fell to 4.1%, the labor force participation rate rose to 61.9%, and the employment-to-population ratio rose to 59.3% — all indicators improved by 0.1 percentage points over the month.**statement](https://dgw.tmarket.io/claims/01a1d110-f4ab-7818-a96e-3418bbeeef2f)

[All claims by truecon](https://dgw.tmarket.io/claims?claimant_id=01a1d549-f39e-730f-9f95-78ab0f818ce5)

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