Bunker supply not an issue for ‘foreseeable future’
- Ports that faced shortages have recovered
- Prices remain at very high levels in world’s top 20 bunkering hubs
- Being part of a bigger alliance or pool could mean greater access to bunkers at lower prices in Hormuz aftermath
Despite early fears of widespread bunker shortages, supply has held steady, with industry leaders telling Lloyd’s List that availability remains secure for the foreseeable future. But ExxonMobil vice-president warns that crude inventories have been drawn down to ‘unheard of’ levels
