Insight
Stability and Resilience in Swiss Portfolios
On 28 October, the Dutch TTF benchmark broke above €100 per megawatt-hour for the first time since December 2022 hours after EU Energy Commissioner Dan Jørgensen warned that the bloc faces another energy crisis. EU gas storage stood at 74.6% on 22 October, roughly 15 points below the five-year average, while Brent crude traded between $111 and $115 per barrel. With Qatari LNG flows reduced to a trickle for seven months, the winter is no longer a forecast. It has begun.
October 30, 2026