Geopolitics Alpha

Germany lags EU neighbours with gas storage refill as winter starts

Published . Updated .

Key takeaways

  • Exposed: UNG, XLE, EWG, VGK, LNG
  • Market reaction: price tracking starts with the next trading session.

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GEOPOLITICS ALPHAGermany lags EU neighbours withgas storage refill as winterstartsGEOPOLITICS ALPHA

This report is about natural gas and Germany.

Directly affected

  • No company is named in this report.

Indirectly affected

  • UNG United States Natural Gas Fund-11.6% 30d

    United States Natural Gas Fund: it follows natural-gas prices. Linked by “gas” (natural gas) in this story.

  • XLE Energy Select Sector SPDR+12.1% 30d

    Energy Select Sector SPDR: it follows natural-gas prices. Linked by “gas” (natural gas) in this story.

  • EWG iShares MSCI Germany ETF-3.1% 30d

    iShares MSCI Germany ETF holds stocks listed in Germany, which this story is about (“germany”).

  • VGK Vanguard FTSE Europe ETF

    Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“eu”).

  • LNG Cheniere Energy+20.1% 30d

    Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “gas” (natural gas) in this story.

  • EQT Eqt+4.2% 30d

    Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “gas” (natural gas) in this story.

  • KMI Kinder Morgan+4.8% 6d

    Kinder Morgan (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “gas” (natural gas) in this story.

  • WMB The Williams Companies

    The Williams Companies (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “gas” (natural gas) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
UNG+6.94%+1.94%baseafter closeafter closeafter closeafter close
XLE+1.44%+2.16%baseafter closeafter closeafter closeafter close
EWG-1.45%+0.68%baseafter closeafter closeafter closeafter close
VGK-1.15%+0.07%baseafter closeafter closeafter closeafter close
LNG-3.81%+2.35%baseafter closeafter closeafter closeafter close
EQT+2.63%-0.55%baseafter closeafter closeafter closeafter close
KMI+3.48%+3.80%baseafter closeafter closeafter closeafter close
WMB+4.07%+5.18%baseafter closeafter closeafter closeafter 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.

Germany lags EU neighbours with gas storage refill as winter starts Reuters

Source: Reuters

The price since 3 Nov 2026: United States Natural Gas Fund (UNG) versus the S&P 500

CompanyWhenMoveStatus
Eqt (EQT)three days earlier-0.55%final price
Eqt (EQT)five days earlier+2.63%final price
Ishares (EWG)three days earlier+0.68%final price
Ishares (EWG)five days earlier-1.45%final price
Kinder Morgan (KMI)three days earlier+3.80%final price
Kinder Morgan (KMI)five days earlier+3.48%final price
Cheniere Energy (LNG)three days earlier+2.35%final price
Cheniere Energy (LNG)five days earlier-3.81%final price
United States Natural Gas Fund (UNG)three days earlier+1.94%final price
United States Natural Gas Fund (UNG)five days earlier+6.94%final price
Vanguard Intl Equity Index F (VGK)three days earlier+0.07%final price
Vanguard Intl Equity Index F (VGK)five days earlier-1.15%final price
Williams Companies (WMB)three days earlier+5.18%final price
Williams Companies (WMB)five days earlier+4.07%final price
Select Sector Spdr Tr (XLE)three days earlier+2.16%final price
Select Sector Spdr Tr (XLE)five days earlier+1.44%final price

Trades by members of Congress and officials in the stocks in this story

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).

Who gains and who loses around United States Natural Gas Fund (UNG)

Companies mentioned with this story

  • UNG United States Natural Gas Fund

    United States Natural Gas Fund (UNG) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Germany lags EU neighbours with gas storage refill as winter starts.” Reason on file: United States Natural Gas Fund: it follows natural-gas prices. Linked by “gas” (natural gas) in this story

  • XLE Select Sector Spdr Tr

    In “Germany lags EU neighbours with gas storage refill as winter starts,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: it follows natural-gas prices. Linked by “gas” (natural gas) in this story

  • EWG Ishares

    For “Germany lags EU neighbours with gas storage refill as winter starts,” Ishares (EWG) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Germany ETF holds stocks listed in Germany, which this story is about (“germany”)

  • VGK Vanguard Intl Equity Index F

    For “Germany lags EU neighbours with gas storage refill as winter starts,” 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 (“eu”)

  • LNG Cheniere Energy

    In “Germany lags EU neighbours with gas storage refill as winter starts,” Cheniere Energy (LNG) is linked, with no stored direction, medium confidence. Reason on file: Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “gas” (natural gas) in this story

  • EQT Eqt

    For “Germany lags EU neighbours with gas storage refill as winter starts,” Eqt (EQT) is linked, with no stored direction, medium confidence. Reason on file: Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “gas” (natural gas) in this story

  • KMI Kinder Morgan

    For “Germany lags EU neighbours with gas storage refill as winter starts,” Kinder Morgan (KMI) is linked, with no stored direction, medium confidence. Reason on file: Kinder Morgan (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “gas” (natural gas) in this story

  • WMB Williams Companies

    In “Germany lags EU neighbours with gas storage refill as winter starts,” Williams Companies (WMB) is linked, with no stored direction, medium confidence. Reason on file: The Williams Companies (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “gas” (natural gas) in this story

United States Natural Gas Fund (UNG)

United States Natural Gas Fund (UNG) is the company in “Germany lags EU neighbours with gas storage refill as winter starts,” the 3 Nov 2026 this story story.

For United States Natural Gas Fund (UNG), the reason on file says United States Natural Gas Fund: it follows natural-gas prices. Linked by “gas” (natural gas) in this story

A second company, Select Sector Spdr Tr (XLE), is listed for a different reason: Energy Select Sector SPDR: it follows natural-gas prices. Linked by “gas” (natural gas) in this story

Dates in the story, and the United States Natural Gas Fund (UNG) price range

EWG traded between 40.30 and 42.77 across 17 sessions. The latest close on file is 41.20. UNG traded between 8.95 and 11.43 across 20 sessions. The latest close on file is 9.08. XLE traded between 62.06 and 70.15 across 20 sessions. The latest close on file is 70.00.

A simple score for United States Natural Gas Fund (UNG)

46 out of 100

“Germany lags EU neighbours with gas storage refill as winter starts” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.