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OPEC+ agrees to continue with current output targets, despite market uncertainty

News

OPEC+ continues oil production cut in uncertain market

...into effect today, 5 December, in an already churning oil market. Speaking after yesterday’s OPEC+ meeting, Ann-Louise Hittle, vice president, Macro Oils, at Wood Mackenzie, said: “The decision by OPEC+...
Understanding compulsory oil stocking obligations for the UK

Insight

Compulsory oil stocking obligations: a UK update

...international requirements to maintain the requisite minimum levels of oil stocks to mitigate any supply crisis. These were: EU obligations Under EU Oil Stocking Directive 2009/119/EC, members are required to...

Interview

Kevin McPartlan of Fuels for Ireland

...the highest dependencies on oil of all the European countries with some counties 75% reliant on oil for home heating. There are many in rural communities who drive 2.5 times...

Interview

The battle to offer a competitive product

...Top Oil has invested in its Dublin terminal Tackling low margins Outlining how consumer spending has changed, Martin said heating oil order sizes had reduced to 500 litres and even...

News

Could heating oil prices be frozen?

...rising demand for refined oil products. Indeed, the same report pointed out that the UK depends on imports for 44% of its heating oil requirements. A fact that vividly illustrates...

News

Cautious industry response to fuel resilience bill

A bill aimed at maintaining fuel supply to customers in the event of disruption has been published. The draft Downstream Oil Resilience Bill, which was introduced last month by energy...

News

Biofuels – an uncertain future

...used cooking oil and algae With concerns over the rising prices, profitability and sustainability of turning virgin vegetable oils into biodiesel, producers are looking to maximise access to lower cost...

Interview

DCC on ambitions for Ireland and energy transition

...for Retail & Oil, who joined the company 10 years ago, initially as managing director for oil, then for retail, oil and fuel cards, to understand more about DCC’s goals...

News

OptiMate is the key to MechTronic success in Ireland

...Dundalk Oil, Atlantic Oils and Stewart Oils all placing (and receiving) orders in 2020. Barry Finlay at Dundalk Oil said; “We are delighted to be the first fuel oil operative...

News

Portland Market Report – oil prices

...attractively low oil prices. The two biggest strategic buyers of oil in the world are the oil reserve companies of the USA and China respectively, both of whom are currently...

News

Vintage year of success for Millers Oils

...power increases up to 5.6 percent, and when the nanotechnology oil was tested against a competitor’s oil, Nanodrive recorded 33% lower friction. Application of the technology to road car oils...

Analysis

A deep dive into fuel distribution industry data

...solar and heat pumps. The census shows that the number of oil-heated homes has dropped 3% since the last census. It is likely that many oil-heated homes are in the...
Ian Moore, of The Oil Market Journal, reviews the oil price in 2022.

Insight

What price oil? 2022 in review

Ian Moore, founder and managing director of The Oil Market Journal, takes us through the year, highlighting the main impacts affecting the oil price in 2022. Contained within this article...