European gas prices could reach 100 euros per MWh in Q4 2026

European gas prices are heading toward record levels — in the fourth quarter of 2026 they could reach 100 euros per MWh, with very low storage in EU member states' facilities. Oil prices are rising session after session, and a key Saudi pipeline remains out of operation. President Trump blames Ukraine for high diesel prices, while data from the U.S. government and others point to rising fuel oil prices after U.S. and Israeli attacks on Iran.

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