Europe Faces Lowest Storage Levels Since 2013 as Hormuz Crisis Cuts Global LNG Supply
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This report is about natural gas and oil. Names like XOM and CVX typically gain because exxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “lng” (oil) in this story.
Directly affected
- No company is named in this report.
Indirectly affected
- UNG United States Natural Gas Fund-16.0% 30d
United States Natural Gas Fund: it follows natural-gas prices. Linked by “lng” (natural gas) in this story.
- XLE Energy Select Sector SPDR+6.9% 30d
Energy Select Sector SPDR: it follows natural-gas prices. Linked by “lng” (natural gas) in this story.
- USO United States Oil Fund+6.3% 30d
United States Oil Fund: its price follows crude oil. Linked by “lng” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “lng” (tanker shipping) in this story.
- VGK Vanguard FTSE Europe ETF
Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“europe”).
- XOM ExxonMobil Holdings+2.0% 16d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “lng” (oil) in this story.
- CVX Chevron+9.6% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “lng” (oil) in this story.
- OXY Occidental Petroleum+10.3% 18d
Occidental Petroleum (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “lng” (oil) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| UNG | +4.28% | -0.44% | base | -0.22% | after close | after close | after close |
| XLE | +2.64% | +4.95% | base | -3.73% | after close | after close | after close |
| USO | +5.38% | +6.75% | base | -2.52% | after close | after close | after close |
| BWET | +7.18% | +11.56% | base | -12.01% | after close | after close | after close |
| VGK | -0.30% | -0.05% | base | +2.59% | after close | after close | after close |
| XOM | +2.57% | +5.49% | base | -2.82% | after close | after close | after close |
| CVX | +1.76% | +4.58% | base | -2.69% | after close | after close | after close |
| OXY | +4.03% | +5.88% | base | -3.63% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Europe Faces Lowest Storage Levels Since 2013 as Hormuz Crisis Cuts Global LNG Supply Natural Gas Intelligence
Source: Natural Gas Intelligence
How United States Oil Fund (USO) moved after the last 19 energy shocks
Across 19 earlier stories, United States Oil Fund (USO) the next day averaged +1.40%. The largest gain was +3.26% and the largest drop was +0.26%, from 19 prices.
| Company | When | Average | Largest gain | Largest drop | Prices |
|---|---|---|---|---|---|
| United States Oil Fund (USO) | the next day | +1.40% | +3.26% | +0.26% | 19 |
| United States Oil Fund (USO) | three days later | -1.27% | +6.12% | -5.11% | 17 |
| Amplify Commodity Trust (BWET) | the next day | +2.90% | +4.46% | +0.48% | 16 |
| Amplify Commodity Trust (BWET) | three days later | +1.15% | +4.59% | -6.70% | 16 |
| ExxonMobil Holdings (XOM) | the next day | +0.71% | +3.00% | -1.33% | 19 |
| ExxonMobil Holdings (XOM) | three days later | +0.63% | +3.38% | -2.51% | 17 |
- Iran Says Oil Tanker Hit Naval Mines in Strait of Hormuz
- Precious metals weaken as Hormuz uncertainty keeps oil elevated ahead of Fed decision - Kitco AM Report
- Iran threatens 'legal action' against South Korean shipping company in Strait of Hormuz
- Oil Tanker Catches Fire After Hitting Naval Mine Near Strait of Hormuz
- Iran army says oil tanker on fire after hitting mines in Hormuz
- Iraq revives shipping line after 50 years as Hormuz crisis bites
How far United States Oil Fund (USO) has moved since 4 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Amplify Commodity Trust (BWET) | that day | -12.01% | still updating |
| Amplify Commodity Trust (BWET) | three days earlier | +11.56% | final price |
| Amplify Commodity Trust (BWET) | five days earlier | +7.18% | final price |
| Chevron (CVX) | that day | -2.69% | still updating |
| Chevron (CVX) | three days earlier | +4.58% | final price |
| Chevron (CVX) | five days earlier | +1.76% | final price |
| Occidental Petroleum (OXY) | that day | -3.63% | still updating |
| Occidental Petroleum (OXY) | three days earlier | +5.88% | final price |
| Occidental Petroleum (OXY) | five days earlier | +4.03% | final price |
| United States Natural Gas Fund (UNG) | that day | -0.22% | still updating |
| United States Natural Gas Fund (UNG) | three days earlier | -0.44% | final price |
| United States Natural Gas Fund (UNG) | five days earlier | +4.28% | final price |
| United States Oil Fund (USO) | that day | -2.52% | still updating |
| United States Oil Fund (USO) | three days earlier | +6.75% | final price |
| United States Oil Fund (USO) | five days earlier | +5.38% | final price |
| Vanguard Intl Equity Index F (VGK) | that day | +2.59% | still updating |
| Vanguard Intl Equity Index F (VGK) | three days earlier | -0.05% | final price |
| Vanguard Intl Equity Index F (VGK) | five days earlier | -0.30% | final price |
| Select Sector Spdr Tr (XLE) | that day | -3.73% | still updating |
| Select Sector Spdr Tr (XLE) | three days earlier | +4.95% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +2.64% | final price |
| ExxonMobil Holdings (XOM) | that day | -2.82% | still updating |
| ExxonMobil Holdings (XOM) | three days earlier | +5.49% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | +2.57% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 21 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 65 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Pete Sessions sold Chevron (CVX), worth $15,001 - $50,000 on 14 Oct 2026. That is 21 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 42 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 63 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Occidental Petroleum (OXY), worth $100,001 - $250,000 on 21 Aug 2026. That is 75 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Strait of Hormuz, seven days against thirty
Geopolitics Alpha has 195 stories about Strait of Hormuz from the past 7 days and 510 stories from the past 30. That is faster than its usual pace over the past month. “Europe Faces Lowest Storage Levels Since 2013 as Hormuz Crisis Cuts Global LNG Supply” is tagged to Strait of Hormuz.
Who gains and who loses around United States Oil Fund (USO)
Likely winners
- XOM ExxonMobil Holdings
For “Europe Faces Lowest Storage Levels Since 2013 as Hormuz Crisis Cuts Global LNG Supply,” ExxonMobil Holdings (XOM) tends to benefit, medium confidence. Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “lng” (oil) in this story
- CVX Chevron
In “Europe Faces Lowest Storage Levels Since 2013 as Hormuz Crisis Cuts Global LNG Supply,” Chevron (CVX) tends to benefit, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “lng” (oil) in this story
- OXY Occidental Petroleum
Occidental Petroleum (OXY) tends to benefit, medium confidence in the 4 Nov 2026 story “Europe Faces Lowest Storage Levels Since 2013 as Hormuz Crisis Cuts Global LNG Supply.” Reason on file: Occidental Petroleum (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “lng” (oil) in this story
No up or down call on file
- USO United States Oil Fund
For “Europe Faces Lowest Storage Levels Since 2013 as Hormuz Crisis Cuts Global LNG Supply,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. Reason on file: United States Oil Fund: its price follows crude oil. Linked by “lng” (oil) in this story
- BWET Amplify Commodity Trust
Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Europe Faces Lowest Storage Levels Since 2013 as Hormuz Crisis Cuts Global LNG Supply.” Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “lng” (tanker shipping) in this story
- VGK Vanguard Intl Equity Index F
For “Europe Faces Lowest Storage Levels Since 2013 as Hormuz Crisis Cuts Global LNG Supply,” Vanguard Intl Equity Index F (VGK) is linked, with no stored direction, medium confidence. Reason on file: Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“europe”)
- UNG United States Natural Gas Fund
In “Europe Faces Lowest Storage Levels Since 2013 as Hormuz Crisis Cuts Global LNG Supply,” United States Natural Gas Fund (UNG) is linked, with no stored direction, medium confidence. Reason on file: United States Natural Gas Fund: it follows natural-gas prices. Linked by “lng” (natural gas) in this story
How energy news reaches United States Oil Fund (USO)
United States Oil Fund (USO) is the company in “Europe Faces Lowest Storage Levels Since 2013 as Hormuz Crisis Cuts Global LNG Supply,” the 4 Nov 2026 Strait of Hormuz story.
The link for United States Oil Fund (USO) is this: United States Oil Fund: its price follows crude oil. Linked by “lng” (oil) in this story
Amplify Commodity Trust (BWET) is here too. Its reason reads: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “lng” (tanker shipping) in this story
The price range for United States Oil Fund (USO), and the dates in the story
BWET traded between 788.51 and 1047.07 across 17 sessions. The latest close on file is 907.20. USO traded between 142.51 and 171.80 across 20 sessions. The latest close on file is 158.17. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.
How solid the energy case looks
54 out of 100Price not final
“Europe Faces Lowest Storage Levels Since 2013 as Hormuz Crisis Cuts Global LNG Supply” scores 54 out of 100. The score uses 2 sources, and 8 linked companies. The price is not final yet.