News
UK and allies announce price cap of $60 on Russian Oil
...European Union, agreed on Friday to set the $60 price cap on Russian crude oil traded by firms shipping oil to third countries with the price to be kept under...
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News
Dealing with price volatility
...on offer Who, what, when, how much and at what price? At Argus market intelligence services underpin price assessments. With more than 200 reporters worldwide monitoring, checking and reporting...
Insight
Security of oil supply in the fuel distribution sector
...of Russia’s role in the petroleum industry as the world’s second-largest crude oil producer and largest exporter of refined oil products. Closer to home, Russia supplies about 30% of Europe’s...
News
Oil prices rise on OPEC+ deal extension
An agreement to extend the deal on record production cuts until the end of July which was reached at a virtual meeting of OPEC+ on 4 June, saw oil prices...
Opinion
Fuel price fears as OPEC+ cuts oil production
...to increase output to stem rising prices, and the latest rebuff leaves the President assessing whether to release further strategic oil stocks to lower prices. “The President is disappointed by...
Opinion
North Sea oil and gas must address challenges to mitigate energy crises
...report series from the Oil and Gas Transitions (OGT) initiative. Long a strategically important reservoir for oil and gas, the North Sea is now a pivotal ground zero for net...
Knowledge
Data: the UKIFDA databank
...recently produced its August monthly figures for domestic heating oil prices alongside broader inflation numbers. Heating oil prices in August 2023 were 74ppl compared to 89.7ppl in August 2022. Prices...
Interview
Why are new UK oil fields essential to a sustainable future?
...oil fields like Cambo, says Katy Heidenreich, operations director at Oil & Gas UK (OGUK) who shares her thoughts with us: “Shell’s decision to suspend its involvement in Cambo, the...
News
The distributor offer revisited
...of the value chain – whether filling station pump prices, heating oil prices or those charged to commercial/industrial users. This has recently triggered an OFT investigation into how pump prices...
Interview
The battle to offer a competitive product
...average price. It is apparent that competing on price is paramount for oil distributors with most consumers now ordering smaller amounts of fuel, less often. What is also important is...