Marine gasoil prices spike as Russia’s middle distillate squeeze spills onto European waters

Marine gasoil prices in the Amsterdam-Rotterdam-Antwerp hub are spiking and there appears little let up in the supply squeeze of the fuel crucial for ships staying compliant with sulfur standards in the European waters. Delivered MGO at Rotterdam reached $1,340 April 21, surging 30.7% in two weeks. Levels across the Mediterranean climbed to similar highs. Prices have dipped since, with…