The increase in European gas prices has increased, as some Asian exporters restrict supply, which may exacerbate the relatively calm fuel competition since this year. Benchmark futures rose 3% at one point, recovering from their lowest level since September. Malaysia, the fifth-largest exporter of liquefied natural gas, cut fuel exports in the past week, and plant disruptions in Australia and Brunei increased support for prices. Although contract prices are still far below this year's peak due to expectations that high tariffs and trade disputes will hurt global energy demand, the market is still in turmoil after European gas inventories fell to their lowest level since 2022 this winter.

The increase in European gas prices has increased, as some Asian exporters restrict supply, which may exacerbate the relatively calm fuel competition since this year. Benchmark futures rose 3% at one point, recovering from their lowest level since September. Malaysia, the fifth-largest exporter of liquefied natural gas, cut fuel exports in the past week, and plant disruptions in Australia and Brunei increased support for prices. Although contract prices are still far below this year's peak due to expectations that high tariffs and trade disputes will hurt global energy demand, the market is still in turmoil after European gas inventories fell to their lowest level since 2022 this winter.