Rising bunker fuel costs hammer down on tanker shipowners’ earnings
While demand for tankers of clean and dirty oil products has yet to recover fully from the pandemic, prices of bunker fuels have been rising to 16-month highs, thus threatening the profitability of the shipping industry and making shipowners less willing to offer a certain number of loss-making routes.
In this episode of the Oil Markets Podcast, S&P Global Platts reporters Britt Russell-Webster and Chris To discuss with Tamara Sleiman the reasons behind the bullishness in crude oil futures.