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Understanding compulsory oil stocking obligations for the UK

Insight

Compulsory oil stocking obligations: a UK update

...of the covid pandemic on demand levels. The table below summarises the position in 2022 and requirement for 2023. Monitoring of compliance is conducted (at time of writing) by BEIS...
A look back over the highlights and challenges that 2022 brought to the tanker market and some thoughts on what lies ahead for those in tanker manufacturing.

Analysis

In review: the 2022 tanker market

...team that constantly checks prices to make sure we’re getting the best deals.” Increased demand for used Jonny Morrow noted one positive development in 2022: “We’ve noticed an increased demand...
Leading hydrogen trade association calls for ‘decisive and early government action’ to embrace the power of Nuclear Enabled Hydrogen (NEH) in delivering net zero.

Opinion

UK HFCA urges Government to act now on nuclear-enabled hydrogen

...GHG footprint, which means electrolyser operators will need to source their electricity from renewables and/or nuclear power. “Unfortunately, it’s difficult for an electricity grid to match supply and demand by...

News

Cold calling

...this supply and demand has increased costs.”www.porcoenergy.com   The deep freeze is making headlines in the US, Marlboro-based Porco Energy is doing its best to keep up with increased demand...

Opinion

Preparing for a new oil world

...to radically cut demand and social distancing measures set to impact ways of working for the foreseeable future, how should oil companies adapt their operations to protect and create jobs...

Opinion

Free oil? Not today …

...behind the myth, “There is no doubt that oil demand has collapsed precipitously and that fuel prices have also come down a lot with the reduction in demand. But the...

News

August update

...tonnes in peak (holiday) periods.  A source from a state run Persian Gulf oil refinery explained, “We are concerned these changes from the EU will cut demand for jet fuel...
US$40M investment supports Velocys’ SAF ambition

News

US$40M investment supports Velocys’ SAF ambition

...aviation is a critical climate challenge given the 800 megatonne annual carbon footprint from airline travel. Velocys, already backed by a £27m UK government grant, expects demand for sustainable aviation...