Interview
Rationalisation in Irish oil distribution
...hopefully a decent winter, it could be a long overdue profitable year for oil distributors.” Others are less convinced…. Laura Gilpin of Belfast & Down Oil Supplies said: “The oil...
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Opinion
Crude falls below $100/bbl as OPEC+ increases output but for how long?
...crude oil stocks of 4.5 million barrels, had an immediate impact on the oil price with crude oil trading lower the morning after the OPEC+ agreement was announced. Falling below...
Insight
Rapidly changing oil market creates pricing and supply issues
...Agency has stated, “send a unified and strong message to global oil markets that there will be no shortfall in supplies.” On 18 March, oil prices hit almost $130 (£99)...
Insight
Oil-price survey forecasts Brent to be above $80 a barrel by end of 2024
...total.” Sentiment tracker The Bloomberg Intelligence oil market survey is conducted at least once a year with key questions designed to track the change of sentiment by the market participants....
Opinion
Home heating policies are impacting voting intentions in key rural constituencies
...expected to only cover a small number of the estimated 1.7 million UK homes on oil heating. Alternative solutions for oil homes include renewable liquid fuels such as hydrotreated vegetable...
Interview
A unique fuel industry set up for Convery Oils & Convery Engineering
Eamon Convery is the owner and manager of Convery Oils, a modern fuel distribution business based just outside Kilrea in Northern Ireland. Convery Oils delivers fuel products throughout Co. Derry,...
Insight
Downstream Norway: Leading the way in decarbonisation
...cover these requirements, leaving a modest surplus across all grades. Stockholding obligations Norway imposes emergency stockholding obligations on oil importers and oil producers who imported quantities of oil equal to,...
News
Clever chemistry fuels business
...be processed; arguably this produces the most sustainable biodiesel available.” High standards – convincing the market Historically focusing on virgin seed oils, such as soy and palm oil, much investment was...
News
Heating oil’s future – making a difference
“Oil is the cheapest option for off grid homes and has been since October 2014,” says FPS chief executive Guy Pulham. The FPS is urging all those using oil to...
Interview
The battle to offer a competitive product
...heat this winter, writes Irish correspondent Aine Faherty Martin Daly, head of sales and marketing at Top Oil says that a succession of shorter winters, coupled with a short home...
News
Cyberattack effect on oil prices
...lapse in security of supply can have on oil markets. Looking forward, Ian comments on the potential future effects on oil prices: “The most worrying geopolitical event might not be...
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...
News
A feeling of insecurity?
Given developments in Ukraine and the role that Russia plays in the global oil market, supply availability is a big talking point once again. Below UX Energy Services consultant Dr...
News
A lubricants package that delivers
...staff training. “For the first time in over 7 years of wholesaling other brand engine oils we can finally see profits in small pack engine oil. Previously our oil brands...
Insight
Free advice for Welsh businesses in preparation for March 2020 deadline
...Pollution (Oil Storage, Wales) Regulations 2016 require any above ground oil tank over 200 litres to be provided with 110% secondary containment by April 2020. Also known as the Oil...
Interview
Preparing for oil off Ireland
...the oil industry producing talented individuals who are specifically trained to further strengthen the oil industry. Worldwide it can be hard to attract people to oil and gas exploration. With...
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...
Opinion
The Distributor Debate
... FON editor, Jane Hughes, said: “We are delighted to be hosting a dedicated event for the fuel oil distribution industry. Fuel Oil News has served this market for over 35...