Australian energy stocks, marked as ASX:EJ, have experienced a significant drop, falling as much as 2.4% to reach their lowest point since Dec.

This downward trend could point to the worst trading day since Feb.

26, if the losses persist.

The fall came on the back of a 1% dip in oil prices last Friday, triggered by suspicions of low demand from China, the top consumer.

Particularly standing out in this fall were shares of energy giant, Woodside Energy (ASX:WDS), which plunged up to 2.8% to their lowest level since Dec.

Similarly, shares of Santos (ASX:STO) suffered a decline of up to 2.5%, potentially marking their most significant single-day loss since Feb.

26, if the losses hold.

For the year, as of the last closing, the AXEJ index is down by 1.6%.

Woodside Energy is a multinational oil and gas company based in Australia.

Santos is a significant oil and gas exploration and production company also based in Australia.