Bunker volumes declined in Q1 while prices soared
The war in Ukraine has caused considerable unrest on the bunker market. Volumes have dropped in the year’s first quarter compared to the same period last year. Bunker prices have surged, which is both good and bad for suppliers.
by DAG HOLMSTAD
Russia’s invasion of neighboring Ukraine has caused considerable unrest on the global bunker market, with major changes in volumes, bunker prices and trade patterns.
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