Bunker markets avoid Russia as supply tightens across Black Sea: expert
As Russia’s war in Ukraine deepens, bunkering activity has moved away from Russia as shipowners avoid Russian-origin cargoes and Russian companies are unable to secure letters of credit. With bunker prices reaching record highs, and volatility increasing across global oil markets in the wake of Russia’s invasion of Ukraine, there is a major shortage of 0.5%S and marine gasoil cargoes…