What is the main reason for Malaysia's slowdown in Q1 2026 GDP growth to 5.4%?

Malaysia’s GDP growth slowed to 5.4% year on year in Q1 2026 from a revised 6.2% in Q4 2025 'as the Middle East conflict dampened economic activity.'

Why is China’s domestic Group II base oil supply expected to tighten significantly starting in June 2026?

Domestic Group II base oil supply in China is expected to decline significantly from June 2026 'as downstream lubricant producers switch to buying domestic cargoes, despite ample availability in March–April.'

Asia Top Stories – Weekly Summary

May 18, 2026

ICIS News Asia compiles critical petrochemical updates including PET supply disruptions, Japanese producer restructuring, and tightening base oil supplies amid geopolitical risks and fluctuating demand.

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2026-05-18

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