Opinion
Highs and lows of the oil price drop
The dramatic fall in oil prices in April 2020 will go down in history, and whilst it was bad news for the industry, it provided welcome financial relief to households...
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Knowledge
Safeguard the future with effective succession planning
...Fuel Oil News articles, part of the industry charm is that many oil distributors are family-owned and run. These businesses have been nurtured over the years through generations and have...
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...
News
UK refining – hunting for answers
The UK had 18 refineries, it now has 8. Fuel Oil News recently put a series of questions about the state of the country’s refining industry to Chris Hunt, director...
News
Making light work of heavy oil
The V25 Test Rig at the Trondheim, SINTEF Research Institute Using environmentally friendly methods to process crude and dirty oils, Fluid Oil has commissioned its first heavy to light oil...
Analysis
An industry acquiring
...us more about the recent acquisitions of Jones Oil and Campus Oils Daire Keating, managing director cards, Austria & Ireland, DCC Retail & Oil, said: “We are very excited about...
News
Distributor diaries March 23: updates from our distributor community
...ok not to be ok”.” Nolan Oils is first recipient of new spill kit Mark and Luke Nolan of Nolan Oils have been great supporters of Oilshield, the bespoke insurance...
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)...
News
Fuel Prices Online™ merges with The Oil Market Journal™
...announced their merger. Both FPO and OMJ provide intraday and settlement oil price information to UK and Irish oil distributors, service stations and other large volume oil buyers. Basil Shourou...
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
The Prax Group acquisition, appointments and securitisation
...mineral oil industry in Belgium and Germany. With over 30 years’ extensive operational experience across the oil and refining industries, Luc has contributed to the successful business growth and development...
News
Aggreko supercharges investment in oil-free air compressors
...fleet of 100% oil-free electric variable speed driven (VSD) compressors, the company will be introducing new Stage V Diesel 100% oil-free units to strengthen its provision of greener compressed air...
News
The next generation of fuel distributors
To consider the future of the fuel oil industry, we need to contemplate its past. From a ‘dirty oil’ image to one displaying adaptation, growth and evolution, the changing face...
Opinion
Longer term impacts of coronavirus on the UK and Ireland’s oil industry
...managing director of GPB Global Resources B.V., the broader impacts of coronavirus on the oil industry Plummeting oil prices have had worldwide consequences but have been particularly painful for the...
Opinion
“Do you agree with the Northern Ireland Housing Executive (NIHE) that the Province should have more oil buying clubs?”
...more oil buying clubs, there will inevitably be more – batten down the hatches!” For further comment see the Value Oils blog – www.valueoils.com/blog/home-heating/heating-oil-buying-groups-2/ Joe Bradley, Bradley Fuels “I don’t...
News
Oil theft – oil industry shows support with donation
...Northern Ireland Oil Federation (NIOF) resulted in Solo Direct offering to give the unit 1,000 litres of oil to help during this difficult time. With £1,000 worth of oil stolen...