Bunker Oil Market - Global Trend and Outlook to 2030
Bunker fuel is used by a variety of devices, including ship and aeroplane engines. Compared to other forms of gasoline on the market, bunker fuel is less expensive. Businesses prefer to use the least expensive fuel in order to maximise profit margins because the entirety of the cost of shipping goods is incurred by the cost of gasoline. The International Organization for Standardization (ISO) recognised bunker fuel as the industry standard for maritime fuels in the 1980s after a protracted period of dispute.
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