Marine fuel market faces disruption
Marine fuel market enters troubled waters
Ripple effect from Russia’s war in Ukraine may result in significant supply disruption
The global marine fuel market could face significant supply disruption caused by the fallout from Russia’s invasion of Ukraine. Russia is particularly vital to the bunker market’s supply chains, accounting for 14pc of global fuel oil and 58pc of vacuum gas oil (VGO) shipments in 2021, according to shipbroker Arrow. Russian fuel oil exports are already down by around a third already this month, says David Wech, chief economist at energy intelligence firm Vortexa. VGO is used as a feedstock to produce gasoline and very low sulphur fuel oil (VLSFO), prices for which spiked in the immediate aftermath of Russia’s invasion, reaching “record levels” in early March and remaining high, according to s
Also in this section
13 February 2026
Artificial intelligence is pushing electricity demand beyond the limits of existing grids, increasing the role of gas and LNG in energy system planning as a fast, flexible solution
13 February 2026
Panellists at LNG2026 say demand growth will hinge less on the level of global supply and more on the pace of downstream buildout, policy clarity and bankable market frameworks
13 February 2026
The Middle Eastern gas giant and Asian energy heavyweight ink a 20-year landmark LNG agreement at LNG2026 in a significant step towards strengthening global energy partnership
13 February 2026
Coherence and conviction through trusted partnerships seen as underpinning risk management in order to spur further LNG growth, panellists at LNG2026 say
