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News

September 14 update

...& Gas industry (crude oil, natural gas and refined products) accounted for over 50% of Scottish exports and without the sector, Scotland would be running an annual budget deficit in...

News

New executive director at the TSA

...crude oil, petroleum and chemicals as well as potable liquids, edible oils and fats.  Receipt and delivery of these products takes place by means of sea transport, inland barge, road,...

News

BP to cut 10,000 jobs as virus hits demand for oil

...The majority of people affected will be in office-based jobs. We are protecting the frontline of the company and, as always, prioritising safe and reliable operations.” The Brent crude oil...
Understanding compulsory oil stocking obligations for the UK

Insight

Compulsory oil stocking obligations: a UK update

...full refined products’ slate, crude oil, feedstocks and NGL’s These obligations have reduced significantly since they were first introduced in 2012 (22.5 days for finished products), primarily reflecting the impact...
“A solution to plastic pollution that makes business sense.”

Opinion

“A solution to plastic pollution that makes business sense.”

...of chemical recycling technologies used more crude forms of incineration, which released toxic fumes into the working-class neighbourhoods where plants were located, newer technologies have offered a cleaner, greener way...

News

Oil trader expands into physical assets

...rumoured to be among those interested. Yesterday a crude oil tanker was heading for Coryton.  Does this mark the end of the three month rescue deal or the start of...

News

Oil prices rise on OPEC+ deal extension

...climb to their highest level in 3 months. In addition to the extension, it was announced that Saudi Arabia will be reversing nearly all the discounts on its crude, with...

News

Oil theft on the rise

...crude oil rises and are advising homeowners to take a few simple steps to secure their oil tanks. These include keeping oil levels as low as necessary to reduce the...

News

Theft threat?

When the price of crude oil rises, reports of oil theft increase. Alex Porter spoke to distributors about the situation in their area A recent article on the Fuel Oil...

Opinion

Consequences of IMO 2020

...regions, such as Fujairah, the decline in the number of tankers arriving to load crude cargoes has had a noticeable impact on total sales. Whereas in Singapore and Rotterdam, total...

News

Robust financial performance

...crude slate and an ongoing focus on margin booster initiatives in recent years resulted in a delta over the benchmark margin of US $4.00/bbl, as against under US $1.00/bbl in...

Analysis

BP – making a wholesale commitment

...400,000 barrels of crude per day.” BP has also divested non-core terminals – Aberdeen and Inverness to GB Oils, Dalston to INEOS and the Isle of Wight to MRH. Who...

Insight

No easy decisions at Whitegate

...the government sold Whitegate to Tosco, the transaction came with the stipulation that crude oil processing would be maintained until at least 2016. There have been two attempts to sell...
Jennie Green of Right Fuel Card recaps on events impacting fuel prices in October and makes predictions for November

Insight

Fuel prices – impacts and forecasts

...EU ban on Russian crude oil comes into effect.  A further ban on refined products takes effect next February.  These changes are likely to put more pressure on depleted stocks,...