27 March 2025
Have We Reached the Bottom for Bunker Prices?
Prices have dropped sharply again…
In the past four months we have talked consistently about the bearish nature in oil markets, both on the fundamental and political fronts. The mantra of ‘too much oil’, and a Trump led end to the wars in Ukraine and Gaza have, until now, led oil prices down sharply. Front month Brent has hit the low $70s, and is some $10/bbl below peak levels seen two months ago.
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