12/11/2026 – Polar vortex knocked out in November: All eyes set on the end of the month for a possible cold break on the continent – Read more news

GAS & POWER: The moment of gas price recovery continues, with spot products on major European hubs priced above 90 €/MWh. Geopolitics and fundamentals offer support: Tehran has stated that it does not intend to allow enriched uranium, one of the conditions Washington requires to negotiate peace, to leave the country; at the same time, temperatures in Europe have been revised downward for next December, while unscheduled maintenance is limiting supplies arriving from Northern Europe.

On November 10, the stratospheric winds of the polar vortex temporarily reversed direction, changing from westerly to easterly: an exceptionally early phenomenon for the period and attributable to an episode of sudden stratospheric warming (SSW). The effects on ground weather conditions could manifest themselves with a delay of several weeks, favoring a weakening of the Atlantic jet and a greater likelihood of cold irruptions towards Europe. Influence is not guaranteed, however: the short expected duration of the reversal and the exceptional timing still make the evolution of late November and December uncertain, with the consequent possible repercussions on European gas demand