European gas prices could more than double as depleted reserves threaten winter supplies, Gazprom CEO Aleksey Miller has warned.
Wholesale prices have already reached their highest level in nearly four years, briefly exceeding €97 ($108) per megawatt-hour on Monday. December gas futures climbed another 3.1% on Friday to around $1,164 per thousand cubic meters, according to London’s Intercontinental Exchange.
Miller pointed to unusually low gas reserves across the EU, noting that Germany, the bloc’s largest consumer, has filled just 61.6% of its underground storage capacity.
”Given the series of historic record lows Europeans have set in filling underground gas storage facilities […] we can expect gas prices in Europe to peak at $2,500 per thousand cubic meters in the event of a cold winter,” he said.
Norwegian energy giant Equinor has echoed concerns over another price shock. CEO Anders Opedal said on Wednesday that European gas reserves were at their lowest seasonal level since 2011, leaving the bloc exposed to further price spikes as it competes with Asian buyers for liquefied natural gas (LNG).
The US-Israeli war on Iran has further strained supplies, disrupting shipments through the Strait of Hormuz, which previously handled around a fifth of global LNG trade. Deliveries remain roughly 80% below pre-conflict levels.
EU gas storage facilities were 74.62% full as of October 25, well below seasonal averages, with some member states already drawing on reserves as temperatures fall.
Germany has been particularly hard hit. Gas tariffs for new household customers have jumped 55% this year, according to comparison website Verivox. High energy costs have forced some European fertilizer, chemical, and steel producers to cut output, Reuters reported.
In September, EU Energy Commissioner Dan Jorgensen warned that the bloc faced its worst energy crisis since 2022, when wholesale gas prices exceeded €300 per megawatt-hour.
Despite mounting supply concerns, Brussels is pressing ahead with plans to eliminate Russian gas imports. Long-term LNG deliveries are set to be banned from January 2027, with remaining pipeline supplies scheduled to end later that year.
Moscow has repeatedly condemned the EU’s energy policy as “suicidal.” Russian presidential investment envoy Kirill Dmitriev argued last week that restoring economic cooperation with Russia “will be inevitable.”
Street protests sweeping Europe are expected to spread to Germany and reignite in France on Saturday, with police mobilised to stop potential looting and rioting on the fringes of what organisers hope will be peaceful rallies.
Weeks of, at times violent, student demonstrations have rocked Italy, Spain, Portugal, Albania and France, where activists on Halloween have again called for people to make their anger over the cost of living and deficient public services felt across the country.
The mayor of the German city of Frankfurt (Oder), Axel Strasser, has called on residents to demonstrate greater civic courage after bystanders did nothing as a group of teenagers repeatedly punched and kicked a 14-year-old student, including to the head, while he lay on the ground outside a high school earlier this month. Now, critics are calling his statement a recognition of the failure of state authority.
After a security conference with police, prosecutors, schools, youth welfare, and immigration authorities, Strasser, an independent, said it was unacceptable that people stood by without intervening. “We truly appeal to this urban society to show civic courage,” he said.
The attack occurred on Oct. 14 outside the Heinrich-von-Kleist High School. Video of the assault, which circulated widely on social media, showed roughly 10 teenagers surrounding the victim, striking him and continuing the assault after he fell.
The German government implemented a policy of mass migration, which has resulted in mob beatings and bullying of German students across the country. Now, government officials are calling on citizens to put their lives on the line and intervene in these mob beatings, including in this latest case in Frankfurt (Oder).
“You just have to imagine the scene in concrete terms. A group of violent youths, the perpetrators outnumbered the witnesses, the situation is confusing, and there are possibly knives or firearms involved. And now the average citizen is supposed to intervene – without training, without protection, without support. Anyone who intervenes is highly likely to end up in the hospital,” wrote Zielke.
Individuals on social media also highlighted the absurdity of asking the general public to step in to perform law enforcement actions.
“Since politics is failing—or, better said, has no desire to change anything—Mayor Strasser from Frankfurt/Oder is calling for more civic courage to be expected. He can go ahead and stand up to a horde of 20 migrants if he feels like it. I won’t!” wrote one user.
Weil die Politik versagt oder besser, keine Lust hat etwas zu ändern, ruft OB Strasser von Frankfurt/Oder dazu auf, dass mehr Zivilcourage erwartet wird.
Der kann sich ja mal einer Horde von 20 Migranten entgegen stellen, wenn er Lust hat. Ich nicht!
Authorities are investigating nine suspects, ages 13 to 15, who hold Polish, Russian, Syrian, and German nationality. They face allegations of dangerous bodily harm; earlier reports also referenced robbery. Police have spoken with the suspects and their families.
Strasser described the incident as “the first case of this dimension” in the city and said everyone immediately recognized the drama of the situation. Unlike recent group attacks in Potsdam that involved more entrenched youth structures, this case does not, according to officials.
The city and police plan heightened presence near schools after the autumn holidays, parent conferences, and anti-bullying efforts. An investigative team is active. The victim is receiving intensive support through the school and relevant authorities; youth welfare is examining further measures. “Offers of help are available and will be accepted,” Strasser said.
Residence-law options are under review, but Strasser said he sees little prospect of success. He added that there will be no simple solutions to rising youth violence in Germany or the influence of social media.
Brandenburg Integration Minister René Wilke (SPD) is pressing for accelerated reviews of protection status for Syrian suspects. He said 16 cases linked to violence incidents in Potsdam and Frankfurt (Oder) — including five minors in the latter — have been reported to the Federal Office for Migration and Refugees so their status can be checked more quickly. “We have asked that the examination be brought forward,” Wilke said. Revocation of protected status can lead to deportation but does not automatically do so; each case requires individual assessment that can take months.
“If a child is out of control and the family shows no integration efforts, it can become tight,” he noted.
Interior Minister Jan Redmann (CDU) has spoken of influence from the “gangster-rapper milieu” and people who boast about their acts online. Redmann has also pointed to integration shortfalls in some cases and said authorities will use available tools of criminal and residence law, while stressing rapid action to stop the violence.
Strasser has said the city will not simply return to business as usual. He has also emphasized that protection granted in Germany is not deserved by those who abuse it so brutally, while stressing coordinated action by security authorities regardless of the origin of the suspect.
So far this year, economic performance has weakened in several major eurozone economies.
On Friday, Eurostat released a preliminary report showing that gross domestic product (GDP) in the eurozone grew by 0.4 percent in the third quarter of 2026 compared with the previous quarter, slowing from 0.6 percent in the second quarter.
GDP in the European Union (EU) increased by 0.5 percent quarter on quarter, down from 0.7 percent in the previous quarter. On a year-on-year basis, GDP growth edged up to 1.3 percent in the eurozone and 1.5 percent in the EU, compared with 1.2 percent and 1.4 percent, respectively, in the second quarter.
Eurostat cautioned that the preliminary estimates were based on incomplete data and remained subject to revision. Nevertheless, the eurozone economy stagnated in the first quarter before rebounding in the second. Economic performance weakened in several major eurozone economies.
Germany’s GDP increased by 0.2 percent quarter on quarter, down from 0.3 percent in the second quarter. France’s economy contracted by 0.1 percent after remaining unchanged in the previous quarter, while Italy’s GDP stagnated after growing by 0.2 percent.
Euro zone GDP grew 0.4% in Q3, double the 0.2% expected, per Reuters. Germany +0.2%, Spain +0.6%, Italy flat, France -0.1%. Resilience now, but surging energy costs and borrowing costs cloud the outlook. (via @Reuters) pic.twitter.com/EgK2RmCqL6
Spain recorded growth of 0.6 percent, compared with 0.7 percent in the second quarter. Elsewhere in the EU, Ireland recorded quarterly GDP growth of 5.5 percent, the highest among member states with available data, while Lithuania posted the sharpest contraction, at 1.0 percent.
The European Central Bank (ECB) kept its three key interest rates unchanged on Thursday, warning that continued increases in energy prices posed upside risks to inflation and downside risks to economic growth.
Bert Colijn, chief economist at ING, said that persistently rising energy prices, including natural gas prices, would pose additional challenges to eurozone growth during the winter months.
The relatively high level of interest rates and weakening business demand for loans would also weigh on economic activity, he noted, citing the ECB’s bank lending survey.
Street protests sweeping Europe are expected to spread to Germany and reignite in France on Saturday, with police mobilised to stop potential looting and rioting on the fringes of what organisers hope will be peaceful rallies.
Weeks of, at times violent, student demonstrations have rocked Italy, Spain, Portugal, Albania and France, where activists on Halloween have again called for people to make their anger over the cost of living and deficient public services felt across the country.
One could ask, what might politicians from a far-right party — as the Federal Office for the Protection of the Constitution describes Alternative for Germany (AfD), write to one another?
More than 400,000 emails exchanged by AfD members between March 2013 and September 2026, effectively covering the party’s entire history, have appeared online.
They were published by hackers from the Distributed Denial of Secrets (DDoSecrets) organisation, who obtained 284 gigabytes of data, including minutes from meetings of the party leadership, payslips, strategic documents, membership lists and donors’ names.
AfD and its enemies
According to the Correctiv website, the material also includes election campaign plans, for example for the 2025 parliamentary election. Their authors describe how to reach potential voter groups. They describe the governing parties at the time as enemies.
It is unclear yet whether all the emails are genuine, but the party has confirmed the leak. German media outlets with access to them estimate that assessing the information could take months.
It is already clear that the emails offer an insight into how Germany’s currently strongest political party operates and how it approaches certain issues, including neo-Nazism.
The media are gradually uncovering messages that are uncomfortable for AfD’s leading figures, including its co-chair Alice Weidel.
One of the most striking findings is that in private she was not as radical as she liked to portray herself in public. And, according to German media, the difference is considerable.
The leaked emails also suggest how the German party sought to forge closer ties with the US conservative Maga movement and president Donald Trump, whom it saw as a potential ally.
In foreign policy, they also point to deeper links with Russia than had previously been known.
Thousands of emails could also play a role in a potential ban on the party, which is not yet decided upon but is being debated in Berlin.
So what have they revealed?
What had not previously been known about relations with Russia
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German politicians have been slow to respond as they wait to see who is likely to comprise the next coalition. Many are also hoping for a government without religious hardliners.
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