Daily Update — February 12, 2026
Aviation Emissions Target; AI in Supply Chains; and Cuba’s Fuel Crunch
Today is Thursday, February 12, 2026, and here’s your curated selection of Essential Intelligence on global markets from S&P Global. Subscribe to be notified of each new Daily Update.
Energy Transition & Sustainability
2030 aviation emissions target achievable amid growth in traffic
The International Civil Aviation Organization said its goal for a 5% reduction in aviation emissions by 2030 remains achievable despite global air traffic growth, the group’s council president, Toshiyuki Onuma, said Feb. 2 at the Changi Aviation Summit in Singapore. Onuma emphasized the need for coordinated efforts on cleaner fuels, operational improvements and system upgrades.
Global passenger numbers exceeded 4.6 billion in 2024 and are expected to nearly triple by 2050, while air cargo volumes are forecast to more than double over the same period, Onuma said, highlighting the scale of infrastructure and decarbonization challenges facing the sector.
Artificial Intelligence
Listen: Agentic AI Gives Data a Voice in Supply Chain Management
Agentic AI can move supply chains from reactive “triage” to smarter, faster decision-making. In this episode of “The Decisive” podcast, S&P Global Market Intelligence supply chain expert Brendan Neary joined host Kristen Hallam to discuss challenges such as volatility, complexity and constant disruption in supply chain management and why risk mitigation has become a daily mandate for procurement and logistics leaders.
Neary and Hallam talk about how agentic AI — autonomous systems powered by large language models — can help teams connect disparate data, reason through scenarios and take action with minimal supervision, turning raw information into practical workflows and recommendations.
Global Trade
Cuba faces fuel crunch as US policies squeeze oil imports
No crude oil was shipped to Cuba in January and February, according to S&P Global Energy’s Commodities at Sea data, a sign that US policies are squeezing flows to Havana. In 2025, Cuba imported an average of 1.2 million barrels of oil per month, totaling 13.7 million barrels for the year. Of the total, Venezuela accounted for 61% of imports, Mexico accounted for 25%, Russia accounted for 10% and Algeria accounted for 4%.
Oil imports from Venezuela stopped after the US apprehended former Venezuelan President Nicolás Maduro on Jan. 3. Crude flows from Mexico halted after US President Donald Trump set up a process Jan. 29 to impose tariffs on countries that export oil to Cuba.
In case you missed it
- India and Japan stood out as Asia-Pacific's bright spots for insurance M&A in 2025. The region’s overall deal count fell to its lowest level in five years.
- China launched its pilot program for the blending and export of marine biofuel oil after the Ministry of Commerce approved the city of Zhoushan to carry out bonded blending operations.
- US auto inventory levels ended 2025 reflecting the typical year-end sales push and dealer efforts to clear out older stock. Available new vehicle inventory totaled 2.78 million units in December 2025.
Upcoming events
- NAIC Policy Reforms and Insurance Investments: An NAIC Chairman's Perspective | February 19 (Webinar)
- Energy Horizons: Navigating Geopolitics, AI, and Climate in 2026 | February 26 (Boston)
- Private Credit in Infrastructure: Risk Assessment & Valuation | March 11 (Webinar)
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