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Industry response to PM’s 10-point plan for green industrial revolution

Responses to the Governments 10-point plan for a green industrial revolution reflect the positive and collaborative nature of the industry. Here, we hear from OGUK’s Deirdre Michie and TSA’s Peter Davidson. Commenting on the 10-point green industrial revolution, announced by Read more »

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Who will take the title – Fuel Oil News Tanker of the Year 2020?

Fuel Oil News welcomes your nominations for the prestigious 2020 tanker of the year award. To enter, send a high resolution image of your new tanker together with full details of the vehicle’s chassis/tanker manufacturer, type, size, capacity, compartments and Read more »

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Prax Group agrees purchase of Total Lindsey Oil Refinery

The Prax Group has signed an agreement with Total to purchase Lindsey Oil Refinery and its associated logistic assets. With a strong track record of integrating acquisitions and managing assets in the oil value chain, the Prax Group is a Read more »

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UKPIA welcomes FuelsEurope climate neutrality pathway

A FuelsEurope pathway describing how low-carbon liquid fuels could enable the transport sector to contribute to EU’s climate neutrality objective by 2050, has been welcomed by UKPIA. The ‘Clean Fuels for All’ pathway also shows that intermediate CO2 reductions of Read more »

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Oil prices rise on OPEC+ deal extension

An agreement to extend the deal on record production cuts until the end of July which was reached at a virtual meeting of OPEC+ on 4 June, saw oil prices climb to their highest level in 3 months. In addition Read more »

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Key annual industry event cancelled for 2020

Guy Pulham

Organiser of UKIFDA EXPO 2020, the UK and Ireland Fuel Distributors Association (UKIFDA) has taken the decision to cancel the 2020 exhibition due to take place on 18 & 19 August at the Exhibition Centre Liverpool. Guy Pulham CEO of Read more »

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Training boost for UK energy sector

In a move that could be viewed as a bellwether for the UK’s energy sector, leading training centres Survivex, in Aberdeen, and AIS Training, in Newcastle, reopened this week after enforced closure due to coronavirus. As part of 3T Energy Read more »

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Free oil? Not today …

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Following the news that West Texas Intermediate (WTI) Futures traded at negative prices for the first time in history last week there has been rampant social media

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US oil price falls below zero for the first time in history

The leading representative body for the UK’s offshore oil and gas sector has warned the latest oil price developments could fundamentally undermine the ability of the industry to recover and serve the energy transition. It comes as US crude oil Read more »

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Portland Market Report – oil prices

At the beginning of this year, we put together our annual prediction for oil prices and those who read it will remember that it was largely bearish in tone. Our thinking was that just as oil production was increasing, the Read more »

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