Rising bunker fuel costs hammer down on tanker shipowners' earnings
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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.
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