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mag archive 230

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The new VLSFO fuels will be the fastest growing bunker grade, rising from 1 million barrels a day (mb/d) in 2020 to 1.8 million mb/d in 2024 due to its price advantage over gasoil, while demand for high sulphur fuel oil will exceed 1 mb/d out to 2024 supported by non-compliance and a rapid uptake of scrubbers.

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