EU proposes cap on gas prices

The European Commission proposed a cap on gas prices of €275/MWh. EU Energy Chief Simson emphasized that this mechanism is not a silver bullet for lowering gas prices and will be used only as a last resort. In his opinion the EU is still vulnerable to damaging price increases. Nevertheless these news had little impact on gas prices as traders are focusing on colder weather forecasts in the US, the delay in Freeport's restart and a possible rail strike. Workers at the largest US rail union voted against a tentative contract deal reached in September, raising the possibility of a year-end strike that could disrupt coal deliveries and force power generators to burn more gas.

Today's EU decision had a limited impact on NATGAS, which continues to trade above major support at $7.12/ MMBtu. Source: xStation5

2 October 2026, 3:26 PM

Oil down nearly 5% following the announcement that European diesel reserves will be released💡

2 October 2026, 12:35 PM

🟡Gold takes a breath, because of oil, not NFP

1 October 2026, 6:47 PM

Daily Summary: Wall Street Recovers as Micron Shines and Oil Prices Rise Again

1 October 2026, 4:19 PM

The US has a Diesel problem. Now Europe is being asked to open its reserves

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