Insight
Oil-price survey forecasts Brent to be above $80 a barrel by end of 2024
...drivers of crude in the past few months though only 10% of the respondents think this will be the biggest driver of oil prices over the next two years.” More...
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Insight
Rapidly changing oil market creates pricing and supply issues
...a barrel then dropped to about $100 before climbing steeply again. Back at the latter part of 2021 a barrel of crude was selling for $69. With prices increasing at...
News
Trafigura set to expand into biofuels sector with Greenergy acquisition
...capabilities and position the company to capitalise on increasing demand for alternative energy sources. Trafigura’s diversification into the biofuels sector marks a notable shift from its traditional operations in crude...
Opinion
Logistics UK calls for diesel duty cut to protect UK economy
...Autumn Statement, should fuel prices have fallen.” Crude oil was trading at its highest level for 14 years on 8 March 2022. The cost of crude oil has risen by...
Opinion
Fuel price fears as OPEC+ cuts oil production
...OPEC announcement on Wednesday, Brent crude rose above $93 per barrel and has continued upwards rallying around 10% this week. Not a political decision OPEC Secretary General Haitham al-Ghais described...
Opinion
Longer term impacts of coronavirus on the UK and Ireland’s oil industry
...down in an effort to protect margins – in Britain, INEOS shut down a 35,000-bpd crude unit at its 200,000 bpd Grangemouth refinery on March 17th, whilst BP shut down...
News
Essar staff offered £30,000 “leaver incentive” package
...value products from the Stanlow refinery by closing the smaller of our two crude refining units later this year. “As a result of this optimised configuration going forward, organisational changes...
News
August update
...of Brussels on how this relates to oil imports has not exactly been clear: initial reports were that, as of the start of next year, all crude oil and refined...
News
Committed to the growth of the UK’s oil and gas economy
...transport fuel demand, processed 4.5 MMT of crude, in line with the 4.5 MMT during H1 FY17. Making good progress on its plans to invest $250 million in capex and...
News
UK and allies announce price cap of $60 on Russian Oil
The Price Cap Coalition of the G7, the European Union and Australia have set a cap on seaborne Russian crude oil at $60 effective today. An announcement from HM Treasury...