News
UK refining – hunting for answers
...the specification of marine fuels will have a big impact. Under MARPOL proposals, the 2020 specification will see sulphur levels move closer to that of diesel. The effect on both...
search | 2020
News
Keeping standards high through challenging times
Mabanaft, one of the UK’s largest independent fuel importers and wholesalers, has just released the results of its 2020 customer survey. Martin Cook, managing director, says of this year’s survey...
News
Oil price at seven-year high amid supply concerns
...move to low sulphur fuels in 2020 is now resulting in higher demand after COVID interruptions in 2020 masked the transition. This means shippers are competing for the same product...
News
Craggs Energy and Moorland Fuels businesses sold – to employees
...director at Moorland Fuels said: “Moorland Fuels became part of the Craggs Energy Group in December 2020, since then we have invested in the company significantly and grown considerably. As...
News
Taking strategic action
...more cruise ships along the east coast, and as the industry matures the expected decommissioning activity in the North Sea will maintain fuel demand. Ready for 2020 Asked about preparations...
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...
Opinion
Towards a hydrogen economy: innovating for change
...March 2020, Energy Systems Catapult released the Innovating to Net Zero report which modelled 100s of potential pathways to 2050 – ramping up or down different technologies and behaviour changes...
News
Urban charges and lorry bans – planning ahead
Between early 2019 and the end of 2020, cities across the UK will start levying prohibitively high charges on older HGVs and vans, for air quality reasons. This autumn’s FTA...
Insight
A review of COP 26: the key ‘take-aways’
...2020 levels. If fully implemented, it is assessed that this could curtail warming by circa 0.2C by 2050. Regrettably, China, India and Russia, three of the five biggest emitters, declined...
News
The future of oil heating – watch the debate
...government decides to ban oil heating altogether! In 2001, kerosene sales were at 2639 kilotonne (kmt), last year this was down to 1973kmt. The government predicts that by 2020, 500,000...
Interview
In celebration of Prince Petroleum
Prince Petroleum was recently approved for two prestigious accreditations following a project that began in late 2020. As a result, the Leicestershire-based independent distributor was successfully recognised for excellence in...
News
‘Clear plans for growth’ as BP puts assets up for sale
...relating to the Deepwater Horizon incident in 2010. Reporting ‘clear plans for growth’, BP has ‘a new wave of upstream major project start-ups delivering growth to 2020’ with the ‘capacity...
News
Rawlings Fuels – putting the customer first
...the fuel company emerged, grew and eventually moved to its new dedicated depot just over a year ago in March 2020. A year on from the move, Fuel Oil News...
News
SEA call for regulation welcomed by UKIFDA
...to ready our part of the supply chain for increasing percentages of biofuels in the 2020s. Collaborations A collaboration at the start of 2020 between trade associations OFTEC, the Tank...
News
£1bn investment in hydrogen venture supports Essar future
...low carbon hydrogen economy, reducing emissions, creating a cleaner world for future generations whilst creating and safeguarding jobs.” Driving the UK’s low carbon transformation In November 2020, the UK Government...
Insight
What the UK CCS announcements mean for the sector
...2020, established a commitment to deploy CCUS in a minimum of two industrial clusters by the mid-2020s, and four by 2030 at the latest. The East Coast Cluster (ECC) and...
Insight
BP OUTLOOK 2023: the outlook for global energy to 2050
...2015 (bar 2020). The longer the delay in taking decisive action to reduce GHG emissions on a sustained basis, the greater are the likely resulting economic and social costs. Government...
Opinion
The oil market continues its cautious rally but more uncertainty lies ahead
Thom Payne, head of offshore, rigs & wells at Westwood Energy discusses the cautious rallying of the oil market, and the direction of travel, for what has been a turbulent 2020...