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Ship Fuel Runs Low in Europe as Russia’s War Shifts Trade Flows

  • More ships refueling in Dutch-Belgian hub tightens market
  • Seasonal refinery work also seen as a factor in reduced supply
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Supplies of a vital ship fuel are running low in northwest Europe as the fallout from Russia’s war in Ukraine continues to upend oil markets. 

There is a shortage of marine gasoil, known in the industry as MGO, in the oil trading hub of Amsterdam-Rotterdam-Antwerp, according to Svend Molholt, chief operating officer at fuel supplier Monjasa Group.