The World Bank warns that Asian governments are fast running out of fiscal room to shield households from surging energy bills – a squeeze that could push up inflation, slow economic growth and spark social unrest as crude oil prices stay elevated
A blistering, record-breaking heatwave is sweeping across Asia, shattering temperature records and pushing power grids to the brink – energy demand has shot skyward, leaving millions vulnerable to severe heat-related illnesses as authorities scramble to respond
Sky-high spot LNG prices have pushed Asian buyers to the sidelines, collapsing regional demand and redirecting cargoes to Europe. That influx eases short-term supply worries there – but it also starkly exposes a widening rift in the global energy market
Across several Asian countries, fuel shortages are driving up airfares, increasing the risk of flight delays or cancellations, and constraining local transport – important realities travelers should factor into upcoming trip plans