Daily brief
Airlines are cutting flights to major Southeast Asian hubs like Singapore and Bangkok due to jet fuel shortages and high oil prices. Vietnam Airlines is reducing both international and domestic services, while Cebu Pacific has halted its flights from Iloilo in the Philippines to those destinations entirely.
The Philippines has declared a national energy emergency, citing risks to fuel supplies from the Middle East conflict.
Vietnam and Russia have signed an agreement to build a nuclear power plant (ongoing coverage).
A massive explosion has rocked the Valero oil refinery in Port Arthur, Texas.
Rising fuel prices at pumps in cities like Buenos Aires and Manila are causing major consumer concerns.