Spot liquefied natural gas (LNG) prices in Asia remained largely stable by the end of the week, as weak demand and elevated inventory levels during the Lunar New Year holiday limited buying activity. The average March delivery price to Northeast Asia stood at about $10.60 per million British thermal units, slightly lower than the previous week, reflecting a cautious market outlook.

Market attention is now focused on weather forecasts, with above-average temperatures in Northeast Asia expected to reduce heating demand. Additionally, the restart of reactor No. 6 at Japan’s Kashiwazaki-Kariwa plant could lower reliance on LNG for power generation, according to a report by the Al-Attiyah Energy Foundation.

Meanwhile, oil prices recorded notable gains, with Brent crude rising amid investor concerns over escalating geopolitical tensions and the possibility of U.S. military action, as pressure on Iran regarding its nuclear program intensifies.

At settlement, Brent futures reached $71.76 per barrel, while U.S. West Texas Intermediate closed at $66.39, posting weekly gains of about 5.9% and 5.6% respectively. Despite a U.S. Supreme Court ruling declaring the use of the National Emergencies Act to impose tariffs unconstitutional, oil markets showed little reaction to the decision.