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  Market Highlights The global bunker fuel market is estimated to be worth US$170 billion by 2030, registering a CAGR of 5.2% over the forecast period. Bunker fuel is a blend of fuel oils used in ships to keep engines running. It is poured into the ship’s bunkers and can come in a variety of forms, including high-sulphur fuel oil, low-sulphur fuel oil, and diesel oil. Expect environmental concerns and government regulations to continue to provide lucrative growth opportunities for the fuels. These include LNG, gas oil and liquefied petroleum gas (LPG). COVID-19 had hit the global economy hard. Due to the sudden increase in COVID cases, there have been various restrictions and regulations imposed by the government. These have disrupted production and demand, impacted the supply chain and market, and also created financial imbalances in various industries. Demand for the bunker fuel market declined. During this pandemic, borders were closed by various countries, halting trade between co