Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
US, Russia and China circle the Arctic
The strategic importance of vast untapped oil and gas reserves and key shipping routes has come in from the cold
Saudi Arabia and Russia pull OPEC+ in different directions
The two oil heavyweights’ diverging fiscal considerations are straining unity within the group
Is a Russia-Iran gas deal on the horizon?
Russia has ample spare gas, and Iran needs it, but sanctions and pricing pose steep hurdles.
Europe’s hard choices on gas security
EU half measures over storage regulation, geopolitical risks to ending Russian gas, power outage questions and China’s LNG resale leverage make for a challenging path ahead.
Giant oil and gas discoveries may prove irrelevant
The energy transition is increasing the risk of huge discoveries becoming stranded indefinitely
Letter from Moscow: Rosneft bucks trend with Arctic push
At a time when many IOCs are shunning large-scale investments in oil extraction, Russia’s biggest oil producer is pressing ahead with perhaps its largest ever undertaking
Flare capture offers easy wins
Reducing gas flaring can both accelerate progress to net-zero and offer a swift boost to industry credibility
Rosneft announces Kara comeback
Sechin confirms drilling has restarted in the Russian Arctic shelf, despite high costs and ongoing sanctions
Rosneft strikes again in the Arctic
The Russian oil firm has added more reserves to its ambitious Vostok Oil project
Gazprom Neft takes the lead in Russian hard-to-recover oil
More-challenging reserves are expected to account for an increasing share of the country’s production over the coming decades
Marine fuel market faces disruption
Shipping Bunker fuel Russia
Simon Ferrie
23 March 2022
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

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
IEA and OPEC energy assumptions on fragile ground
19 June 2025
Geopolitical uncertainty casts a pall over expectations around demand, supply, investment and spare capacity
India to help Asia spearhead global refining
19 June 2025
Shifting demand patterns leaves most populous nation primed to become downstream leader as China and the West retreat
US, Russia and China circle the Arctic
19 June 2025
The strategic importance of vast untapped oil and gas reserves and key shipping routes has come in from the cold
Israel-Iran war imperils Egypt’s energy supply
18 June 2025
Egypt’s government was already preparing for potential energy shortages this summer, and the loss of Israeli gas supply has made things worse

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search