Ship fuel, once a pariah product, now costs more than car fuel
Once considered the pungent sludge left over after refineries made things like gasoline and diesel, fuel for ships has suddenly become the oil industry’s must-make product.
BY JACK WITTELS, BLOOMBERG
The prices of so-called bunkers in Europe have surged this year to such an extent that they’re more expensive than diesel, gasoline and jet fuel – at least in barrel terms, the unit that refineries use to calculate their processing margins.
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