17 December 2024
OPEC+ Kicks the Can with Bunker Costs Set to Fall by 10% in 2025
We have seen bunker prices slide for the past two months
For a number of months, we have pointed to bunker prices falling under the weight of very weak oil fundamentals. This has certainly come to fruition and bunker prices have continued to slide over the past two months. In Singapore, VLSFO prices are some $75/mt lower (minus 12%) than in mid-October, and in Rotterdam the drop has been around $50/mt (minus 10%).
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