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

News

OPEC+ continues oil production cut in uncertain market

...global economic growth and China’s zero Covid policy.” Adequate supply The outcome fits with Wood Mackenzie’s short-term forecast, which assumed a continuation of the recent cuts. Despite the OPEC+ production...
Oil prices reach 7-year highs with the Ukraine crisis, winter storms, tight supply and reduced crude oil inventories adding to concerns over supply disruptions. Both Brent and WTI hitting seven-year highs.

News

Oil price at seven-year high amid supply concerns

...oil in the world at a time when demand is robust and still growing. With Covid restrictions being lifted in many countries, demand will be further stimulated. “Tank bottoms are...
Rory Clarke MD of J.R. Rix Sons Ltd

News

Success despite oil demand & price slump

Leading Hull family business J.R. Rix & Sons Ltd has reported a successful trading year during 2020 despite ‘challenging and uncertain times’ brought about by the global Covid-19 pandemic. A...

Opinion

OMJ anticipates oil market movements

...storage crisis which is now being played out was inevitable after the combined effect of the failure of OPEC and Russia to agree cuts on 6th March and widespread COVID...

Opinion

Truck drivers and cyclists: essential safety advice

...There are even more bikes on the road According to the UK’s Transport Secretary, Grant Shapps, there’s been a huge increase in cycling across the country due to COVID-19, as...
Logistics UK welcomes the government support for businesses facing rising energy bills but suggests more may be needed

News

Driver shortages create barrier

Covid-19 and plummeting oil prices are two of the most substantial challenges that the fuel oil distribution sector has faced in the past 12 months. But whilst these were very...

News

UKIFDA challenges Irish government on biofuels

...emphasis on the Midlands region and on social and low-income tenancies, but with the effects of COVID 19 on the economy how is this being done?” Financial disadvantages must be...