Opinion
Highs and lows of the oil price drop
...has been warned that 30,000 jobs in the gas and oil sector could be lost, with oil prices falling to their lowest in two decades. But, despite the global crash...
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News
Oil – cheapest home heating fuel by far
...of oil condensing boilers have reached a nine-year high and we’re receiving an increasing number of enquiries from gas safe technicians looking to expand into the oil market. The outlook...
News
The distributor offer revisited
...– amply demonstrated during the harsh winter weather of December 2010, when demand for heating oil soared. Good levels of general customer satisfaction in the domestic heating oil market were...
Insight
Ireland’s downstream oil infrastructure
...million tonnes per year of white oil products, supplies just under 30% of the Republic’s oil market requirements, particularly to the province of Munster. The remainder of the Republic’s oil...
Analysis
A year in the wholesale markets
...for the wholesale industry. The international oil market continues to remain backwardated, as it has for the past 18 months. For wholesalers, holding stock in the current climate presents financial...
News
Oil Terminal 2015 – new multi-billion USD projects
...Bashneft. The agenda at the Oil Terminal 2015 industry forum reflects how growing oil exports have led to additional demands to increase the capacity of tank farms and exporting oil terminals....
News
Showcasing oil heating’s future
...behind the show Facilitating the way into this evolving marketplace is the Oil & Renewable Energy Show. Organised by A&D Publishing – publishers of Fuel Oil News, Oil Installer,...
News
Future energy – a vital topic
...Business School; Fuel Oil News listened to her perspective on the energy markets Oil and gas – mispricing risk Although disagreeing with the peak oil theory, Vivienne sees oil’s role...
Opinion
Consequences of IMO 2020
...Given the impacts of the virus, lockdown, oil prices and environmental imperatives on the whole fuel market and the implications for strategic planning and buying relationships we speak with Brian Coyne,...
Opinion
Fuel price fears as OPEC+ cuts oil production
...to the end of 2023. A volatile market Walid Koudmani, chief market analyst at financial brokerage XTB comments: “WTI crude futures are trading around $88 per barrel on Thursday after...
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...
News
Which? reports on heating oil prices
With the price of heating oil at a four-year low, Which? has taken another look at the heating oil market; a market that has seen a 23% fall in price...
Insight
The Humber refinery – a key indigenous source of supply
...to seek new sources of crude oil elsewhere. By the end of that decade a consortium, in which Continental Oil was involved, had discovered substantial reserves in Libya. To take...
Insight
How does the french downstream sector compare to the UK?
...refined oil products market is of a comparable size and shows a similar pattern of modest decline over the past five or so years. The hypermarket groups – Intermarche, Leclerc,...
Insight
A vertically challenged market
...UK oil market has seen a gradual shift away from domination by the oil majors and mini majors. Their rationalisation and repositioning created a vacuum now filled by importers and...
News
Chandlers Oil & Gas – Playing to our strengths
...an oil major with staff on the corporate career ladder – seemingly inexperienced in marketing and sales and with no practical understanding of how the market operates – it led...
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
OGUK welcomes climate report impetus
...to cut emissions from oil and gas production, currently totalling about 18.5m tonnes a year, to net zero by 2050. This could include the electrification of offshore oil and gas...