You are using an outdated browser For a better experience using this site, please upgrade to a modern web browser. Subscribe Get Daily Email Subscribe --> Contact Us Sign in Home News & Features Compliance Costs Bunker Prices Bunker Intelligence World News Latest Features World Americas EMEA Asia/Pacific Home News & Features World Bunker Holding Saw 'Unusually Stable Oil Price' Limiting Profits in 2025/26 Bunker Holding Saw 'Unusually Stable Oil Price' Limiting Profits in 2025/26 by Ship & Bunker News Team Friday June 19, 2026 Tweet Follow @shipandbunker Nina Østergaard has taken on the role of chairman of Bunker Holding's board. Image Credit: Bunker Holding While no-one has complained of prices being too stable over the past three months as the Iran war upended markets, for Bunker Holding this was a substantial problem in the past financial year. The marine fuels group reported 2025/26 pre-tax earnings of $73 million this week, up by 59% from the same period a year earlier, but 36.1% lower than its average over the past five years . Those profits will undoubtedly have been boosted by the surge in prices and margins driven by the Iran war in March and April at the end of its financial year. But Nina Østergaard , the new chairman of Bunker Holding as well as owner of its parent company, USTC , has suggested the torpid state of the market in the preceding 10 months was a significant problem. “ An unusually stable oil price was one of the defining conditions of the year "An unusually stable oil price was one of the defining conditions of the year," she said in a LinkedIn post commenting on the results. "In a business shaped by trading patterns, timing, and market movement, that means fewer opportunities to work with. It also puts more pressure on commercial execution." Ship & Bunker 's G20-VLSFO Index of prices at 20 leading bunkering locations saw an average daily change of 0.96% in the year to April 30 , the period covered by Bunker Holding's 2025/26