"He explained that in the refining process, instead of “allowing more of that heavy [oil] residue to remain as fuel oil for ships, refiners will send it through secondary processing units and upgrade it into higher-value products such as diesel”.
“So, extremely strong diesel margins effectively start pulling barrels away from the bunker-fuel market,” he said, adding that this would increase ship-fuel prices as well."
Framing: mixed ·
First seen: 2026-09-07 ·
Last seen: 2026-09-07 ·
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