US-based World Fuel Services, the world's largest bunker company, lost nearly 20 percent of its revenues in the third quarter compared to the same period last year. The decline is attributed to a combination of a lower oil price and fewer sold volumes, according to the group's interim report.
The average oil price dropped by 12.1 percent for every ton of oil sold, to USD 244.8 million in the third quarter of 2016 compared with USD 278.5 million in the third quarter of 2015.
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