Asian and European natural gas benchmarks moved higher over the last week as winter buying heats up and supply disruptions in Australia, Norway and the United States persist. 

Asian spot prices remained strong Monday after hitting their highest point in about a year last week. Meanwhile, the front-month Japan Korea Marker contract was at $6.315/MMBtu on Friday. In Europe, the National Balancing Point and Dutch Title Transfer contracts also finished last week above $5.00 each, their highest point since last winter. 

Tudor, Pickering, Holt & Co. (TPH) said Monday that European gas storage data shows withdrawals for each of the last five days, or two weeks earlier than normal in what the energy investment bank said is a potential bullish indicator for the global gas...