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.
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.
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