5 May 2025 | Gas

European natural gas prices fall following oil market

European natural gas prices fall following oil market

European natgas went down in price as energy demand forecasts were pressured by supply predictions.

Prices for both crude oil benchmarks fell 2.1% on Monday, May 5, before being corrected, slightly offsetting losses. Some gas contracts are linked to oil. The fuel has fallen in price on fears of a global oversupply as OPEC+ increases production while demand is weakened by trade tensions.

High renewable energy production volumes in Europe in recent days has also had an impact on gas demand. This allowed increasing gas reserves in preparation for the next winter. Storage facilities in the region are now more than 40% full, although this is still below the average of 50% over the past five years.

The price of gas at the Europe's main hub fell 0.7% to 32.84 euros per megawatt hour.

Company MarketCheese
Gold buy
Period: 31.01.2026 Expectation: 150 pips
Buying gold on dips with $4,500 target
30 December 2025 190
Period: 06.01.2026 Expectation: 2900 pips
Tesla stock selloff on forecasts of declining deliveries and earnings
30 December 2025 90
Period: 16.01.2026 Expectation: 1000 pips
AUDUSD is consolidating ahead of renewed upside
30 December 2025 86
Period: 06.01.2026 Expectation: 3125 pips
Selling BTCUSD due to lack of momentum after December consolidation
30 December 2025 44
Period: 15.01.2026 Expectation: 100 pips
Investing in SPX from $6,870
30 December 2025 61
Period: 09.01.2026 Expectation: 7500 pips
Silver rally stalls as prices push past $80
29 December 2025 102
Go to forecasts