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Soaring oil volumes force fuel prices down

The market for ship fuel is expected to face tough times in the third quarter, as supply keeps growing while demand remains low, reports Reuters. This could force ship fuel prices down further.

Photo: Colourbox

Fuel volumes for the shipping sector continue to grow, though demand remains low due to a decreased need for freight.

This means that prices for ship fuel, which are already described as low, will be forced down further in the coming months, reports Reuters citing anonymous market sources.

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