News
Portland Market Report – oil prices
...attractively low oil prices. The two biggest strategic buyers of oil in the world are the oil reserve companies of the USA and China respectively, both of whom are currently...
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News
Vintage year of success for Millers Oils
...power increases up to 5.6 percent, and when the nanotechnology oil was tested against a competitor’s oil, Nanodrive recorded 33% lower friction. Application of the technology to road car oils...
Insight
What future for heating oil?
...Energy Trends: Oil & oil products, Supply & use of petroleum products. So, it appears that the market has moved from the range of 2.2-2.5 million tonnes/year (2.7 to 3.0...
News
UK and allies announce price cap of $60 on Russian Oil
...secure affordable oil. A General Licence will be published shortly that will provide an Oil Price Cap exception for third countries, so that firms supplying oil to them are able...
News
Crown Oil completes acquisition of Star Oil
North West-based Crown Oil has strengthened its brand in the North West after acquiring an £18m-turnover oil supplier. The Greater Manchester company, part of the £420m-turnover Crown Oil family of...
Opinion
Crude falls below $100/bbl as OPEC+ increases output but for how long?
...crude oil stocks of 4.5 million barrels, had an immediate impact on the oil price with crude oil trading lower the morning after the OPEC+ agreement was announced. Falling below...
News
Distributor Diaries January 24: the latest updates from our distributor community
...incredibly proud of the level of support shown by the staff here at Crown Oil.” Compass Fuel Oils supports Galloways Society for the Blind Compass Fuel Oils, the Penwortham-based fuel...
Sponsored
Submëtrika brings easy and economical diesel and Adblue tank monitoring to the UK
...emergency orders.” An economical solution TrackGas is a stopper that replaces the tank stopper and sends the tank level to the dealer One of the key attractions of the TrackGas...
News
University scientists have developed a greener marine fuel
...up to 500°C to convert them into bio-oil. Solvents were added to the bio-oil, which was then blended with used cooking oil or fat to create the fuel. Dr Abul...
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
US oil price falls below zero for the first time in history
The leading representative body for the UK’s offshore oil and gas sector has warned the latest oil price developments could fundamentally undermine the ability of the industry to recover and...
Insight
How does the french downstream sector compare to the UK?
...Motor Spirit JetA-1 Diesel Gasoil Fuel Oil Other 4 14 6 28 16 5 1 3 11 7 32 15 4 1 4 7 7 31 12 4 2 3...
News
Committed to the growth of the UK’s oil and gas economy
Essar Oil UK continues to invest at Stanlow and has expanded its UK retail network to 46 sites Essar Oil (UK), which owns and operates the Stanlow Refinery, has announced...
News
Industry body sees transition as the solution
The leading representative body for the UK’s offshore oil and gas industry, OGUK, has called for the transition to net-zero greenhouse gas emissions to be at the heart of its...
Insight
A “changing of the guard” in the UK fuel marking regime
...of butoxybenzene per litre of energy product. In summary, the required markers for each fuel type in the UK from 18 January 2024 are: 1. Gas oil/biodiesel/gas oil bioblend/light oil...
News
Five new renewable biomethane refuelling stations
...more than 50 gas trucks and plans to run its entire 500-strong delivery fleet on gas by 2028, while parcel company Hermes also plans to replace its 200-strong fleet of...
Insight
Sector legislation: Government strategy, incentives and progress for heat pumps
In a previous issue of Fuel Oil News (March 2022) we considered the increasing frequency with which core fuel distribution businesses within our community were changing their names and updating...