EIA: Higher marine fuel costs spur demand for residual fuel oil
15 February 2022
Higher costs make scrubbers more cost-effective
U.S. consumption of residual fuel oil—primarily used as a bunker fuel—was higher in November 2021 than during any month since January 2017, according to the U.S. Energy Information Administration (EIA).
High crude oil prices indirectly contribute to higher overall bunker fuel prices, and higher prices give ship owners stronger incentives…
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