TANKERS, OIL AND CHEMICALS
Expensive bunker prices - The new normal?
Published 12. Jan 2022 5:41 AM
Bunker prices are on the rise again due to the recent increase in oil prices
Prices are already close to passing the previous highs in October/November 2021, with brent and WTI now sitting comfortably above USD 80 per barrel.
Industry experts do not see oil prices declining rapidly anytime soon, as the effects of Omicron have shown to be minimal, and increasing demand is in sight.
All in all, with high oil prices and the shipping industry trying to make a transition into green fuels, which many believe will be a costly affair, owners and operators might soon have to accept that expensive bunkers might not be leaving anytime soon.
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