Bunker prices should see more upside than downside in the coming months

Our Head of Research and Consultancy Services, Andrew Wilson, recently spoke to Splash 24 on the short-term outlook for bunker prices:

He said ‘bunker and crude prices should see more upside than downside in the coming months so long as no deal is struck between the US and Iran.’

‘However, independent of where crude prices are heading, BRS is forecasting the Hi5 to widen again based on an assumption that there will be a global diesel crunch this coming Northern Hemisphere winter which will underpin VLSFO and especially MGO prices. At the same time, BRS is not expecting Russian high

sulphur fuel oil supplies to be significantly curbed which suggests that 380 Cst supplies should remain ample.’

The full article can be accessed here: https://splash247.com/bunker-pricing-volatility-here-to-stay/