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Rising prices show tighter supplies of cleaner fuel for global shipping

FILE PHOTO: A view of shipping vessels in the southern coast of Singapore
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NEW YORK (Reuters) - The price of very low-sulfur fuel oil has risen in recent months, a sign of increasing worry there is not enough of the fuel to comply with new global shipping laws that took effect this year, market participants said.Very low-sulfur fuel oil (VLSFO) lately has started to trade at levels comparable to marine gasoil, a type of diesel fuel used by tankers. That is an indication..
Date Published: Jan 09, 2020
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