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PUBLISHER: Container News (container-news.com)

The military conflict in Ukraine and the potential of up to three million barrels per day (bpd) loss of Russian supply have caused extreme volatility in bunker markets.

The 380 high-sulphur fuel oil (HSFO) Index rose to US$721.83/MT during the twelfth week of the year, the very low sulphur fuel oil (VLSFO) index grew to US$943.85/MT, while the marine gas oil (MGO) jumped to US$1,159.08/MT.

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