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Maritime shipping to fall short of net zero emissions target - IEA

The maritime shipping industry will fall short of achieving net zero greenhouse gas emissions (NZE) by 2050, the International Energy Agency (IEA) said in a report. ....

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Myanmar protests stall fuel imports, drive up costs

Myanmar's refined fuel imports have stalled as protests over the military coup have shut banks and government offices, while a depreciation of its currency has driven up costs, five industry sources said. ....

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Asian fuel oil margin hits 1-year high, supply tightness to persist in 2021

Offshore Singapore stocks hit record low -analyst
Supply tightness could be theme for fuel oil market in 2021 -analyst
SINGAPORE, Feb 11 (Reuters) - Supported by shrinking supplies and firm demand, Asian refiners’ profit from producing very low sulphur fuel oil (VLSFO) rose to a one-year high this week, setting the stage for a trend that could persist throughout the year, traders and analysts said.
“Tightness in the fuel oil complex will remain a common theme through 2021, especially as the tightness in crude ensures that any uptick in margins will be transferred straight to crude producers if OPEC+ producers can hold their nerve,” said Energy Aspects in a note to clients last week. ....

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U.S. will stand with Southeast Asian countries against Chinese pressure, Blinken says

The United States rejects China's maritime claims in the South China Sea beyond what it is permitted under international law and stands with Southeast Asian nations resisting its pressure, U.S. Secretary of State Antony Blinken said on Wednesday. ....

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U.S. taking additional actions on South China Sea:Secretary of State Pompeo

The United States is taking additional actions on Thursday to preserve a free South China Sea, Secretary of State Mike Pompeo said, including visa restrictions on Chinese individuals linked to the maritime dispute. ....

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