News
Oil – the only heating fuel where prices have fallen
Jeremy Hawksley speaking about Oilsave and the fight for oil heating at the Fuel Oil News Distributor Debate earlier this month. See the March issue of Fuel Oil News for...
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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...
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...
News
Crown Oil completes acquisition of Star Oil
North West-based Crown Oil has strengthened its brand in the North West after acquiring an £18m-turnover oil supplier. The Greater Manchester company, part of the £420m-turnover Crown Oil family of...
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...
News
Distributor Diaries January 24: the latest updates from our distributor community
...incredibly proud of the level of support shown by the staff here at Crown Oil.” Compass Fuel Oils supports Galloways Society for the Blind Compass Fuel Oils, the Penwortham-based fuel...
Interview
TEC: driving forward through innovation
...also developed two new oil reeling hoses specifically for the oil distribution industry – TECOIL and FUELTEC. FUELTEC is now a market leader and TECOIL entered the market in mid-2022...
Opinion
Preparing for a new oil world
Boris Ivanov Boris Ivanov, founder of GPB Global Resources discusses how the fuel oil industry can begin to prepare for the new oil world. With BP cutting 10,000 jobs and...
Opinion
Highs and lows of the oil price drop
...has been warned that 30,000 jobs in the gas and oil sector could be lost, with oil prices falling to their lowest in two decades. But, despite the global crash...
News
Fuel for thought…
...at a European, national and regional level. With over 1.5 million heating oil installations throughout these islands and millions more across Europe, the oil storage tank industry and the oil...
Opinion
OMJ anticipates oil market movements
Amidst a global lockdown resulting in less and less demand for oil, the oil market has been in turmoil. Ian Moore, director of the Oil Market Journal (OMJ) shares his...
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
According to the majority (53%) of respondents to Bloomberg Intelligence’s February oil-price survey, Brent oil is expected to be above $80 a barrel at the end of 2024 – the...
Opinion
North Sea oil industry in crisis?
...Sea being profitable as oil is below $60 per barrel. “It is almost impossible to make money at these oil prices,” says Mr Allan, director of Premier Oil in addition...
Insight
Heating future: prospects for kerosene and HVO
...Kerosene: This product heralded the age of the oil industry in the late 19th century when it was sold as lamp oil. The balance of probability is that its use...
News
Adler & Allan – Getting down to business
...and forecourt services, spill response, mechanical and electrical maintenance, waste management, fuel polishing and testing. In the midst of developing further new services, Fuel Oil News editor, Jane Hughes spoke...