Europe’s gas industry is pressing Brussels to loosen the bloc’s storage rules because the market is already warning that rigid refill targets could make this summer’s gas-buying season more expensive than necessary. Eurogas and the International Association of Oil & Gas Producers are urging the European Commission and member states to activate existing flexibility early, rather than wait until buyers are forced to compete aggressively for LNG later in the season.

The industry groups want flexibility used at the start of the refill period to reduce pressure on prices. The Commission has already urged governments to refill gradually and use the flexibility available in EU law because storage is unusually low and the Iran war has tightened global LNG supply.

Malaysia is increasingly becoming a focal point for semiconductor factories as tensions between the United States and China drive companies to diversify their operations. With nearly five decades of experience in semiconductor manufacturing, particularly in assembly, testing, and packaging…

The more dramatic headlines around the war with Iran have focused on the threat to crude oil flows through the Strait of Hormuz, but the sharper and potentially faster-moving shock may be in Asia’s refined fuel system. The effective disruption of traffic through Hormuz is already pushing diesel, jet fuel and other product markets into severe stress, with Australia and Indonesia among the most exposed because of their heavy dependence on imported fuels.

Australia imports roughly 900,000 barrels a day of refined products and Indonesia about 600,000 barrels a day, making them the two biggest refined-fuel importers in Asia in this crisis. At the same time, benchmark Singapore gasoil and jet fuel prices have jumped dramatically since the conflict escalated, showing that the immediate bottleneck is not just crude availability but the availability of usable fuels for transport, industry and aviation.