Opinion
OMJ anticipates oil market movements
...full tanks with refineries now reducing production by 50% and cancelling crude deliveries. On March 11, the daily report suggested that; “In a worst-case scenario the Dow Jones could fall...
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Insight
The changing world of the oil trader
...demand, for both crude oil and refined products. The need for this role was heightened from the early 1970s, as vertically integrated supply chains became less secure and geographical imbalances...
Insight
Refining operations
...that the refinery can handle 45 different types of crude oil – although given its geographical proximity, the plant typically runs between 85% – 95% of North Sea sourced feed...
News
Major investment at Stanlow
...crude costs and drive revenue growth. Operational and financial performance: Key indicators March ending Q4 FY17 Q4 FY16 FY17 FY16 Throughput (in MMT) 2.22 2.20 9.09 8.97 Gross Revenue (in...
Opinion
The oil market continues its cautious rally but more uncertainty lies ahead
...a 2.1mmbpd fall in crude production in June from a 13 million barrel a day peak in the first quarter of the year. Westwood now estimates that overall oversupply for...
Insight
What price oil? 2023 In review
...oil prices began moving higher, with ICE Gasoil pushing above $1,000/t. and ICE Brent Crude peaking at $95.55/b. ARA diesel inventories began falling below long-term averages as the reality of...
News
Could heating oil prices be frozen?
...volatility which is generally seen as synonymous with oil. The future of Iran’s nuclear programme with the possibility of sanctions easing, civil unrest in Libya affecting its crude exports, and...
Insight
Downstream Norway: Leading the way in decarbonisation
...who, respectively, source 42% and 17% of their requirements from Norway. Crude oil production is currently running at around 85 mln Mt/year, down from the 2001 peak of 163 mln...
News
A feeling of insecurity?
...also seen in the wholesale natural gas market over the last decade. A decline in domestic refining capacity coupled with the decline in crude production from the UK Continental Shelf...
News
Oil prices fuel record financial performance for J.R. Rix & Sons Ltd
...history. Rory Clarke, Group Managing Director said that Rix Petroleum’s performance – which saw sales reach £535.1m – resulted principally from the recovery of crude oil prices which underpin the...