Weekly News Brief: Week of Oct 26–30, 2026
November gas expired near six-month lows, storage beat the norm, Europe's benchmark topped EUR100/MWh as EU stocks lag, and EQT agreed to buy Range Resources.
The short version
- The November contract expired at $2.817/MMBtu after touching a six-month low, and December ended its first two days as front month at $2.898.
- EIA reported an 80 Bcf storage build, putting inventories at 3,724 Bcf, 1.0% above the five-year average.
- Europe's gas benchmark topped €100/MWh with EU storage near 75% full, the lowest for this time of year since 2011.
- EQT agreed to buy Range Resources in an all-stock deal, and Appalachian producers kept curtailing output on weak local prices.
- Gas rigs fell by 2 to 130, the lowest since early September.