Suppliers

KPI Oceanconnect expects fuel price spikes when embargo on Russian oil enters force

The EU’s import ban on Russian oil will create ”imbalance” and ”spikes” in the bunker market, with disruptions seen lasting for ”at least the whole of 2023,” says Anders Grønborg, new chief exec of KPI Oceanconnect.
In September 2022, Anders Grønborg replaced Søren Høll as CEO of KPI Oceanconnect. He came from a position at Bunker Holding where he had been since 2020. Grønborg has previously worked for World Fuel Services for 27 years. | Photo: Bunker Holding
In September 2022, Anders Grønborg replaced Søren Høll as CEO of KPI Oceanconnect. He came from a position at Bunker Holding where he had been since 2020. Grønborg has previously worked for World Fuel Services for 27 years. | Photo: Bunker Holding
by DAG HOLMSTAD

On Monday next week, the European Union will implement an import ban on Russian crude oil, bound to cause a further stir on the oil and bunker market, predicts Anders Grønborg, new chief executive of bunker firm KPI Oceanconnect, a subsidiary of world-leading bunker group Bunker Holding.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Related articles

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading

    Jobs