News
Manx Petroleum – Fuelled with island spirit
...on the island. “Every two weeks we provide two reports to the Isle of Man Office of Fair Trading,” explained Jenny. “Island businesses are under the spotlight on prices but...
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Oil price at seven-year high amid supply concerns
...as farmers and industry – low sulphur diesel.” Ian Moore added: “I am deeply worried the ICE Gas Oil future could settle back into the $850-1000/t. trading range seen during...
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East Cork Oil abandons Atlantic and Geaney acquisition plans after competition scrutiny
...in order to establish if the proposed transaction could lead to a substantial lessening of competition in the State. Misty Lane distributes fuel products predominantly in Co Kerry through trading...
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Essar announces new energy transition appointment
...years, of which US$2.4 billion will be invested at the Essar site in Ellesmere Port, between Liverpool and Manchester. Tony brings extensive manufacturing, marketing, specialist trading and transformation experience. Having...
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No abuse by fuel suppliers says OFT
The Office of Fair Trading (OFT) has failed to prove that fuel suppliers are abusing their position in Shetland and other rural areas. Whilst the OFT did find a large...
News
Renewable diesel added to fuel range as transformed JET garage reopens
...trading and I think this highlights another successful development in the partnership between SPAR UK, James Hall & Co. Ltd, and JET Retail UK Ltd.” Further facilities include a new...
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Chandlers Oil & Gas – Playing to our strengths
...with the Office of Fair Trading. “The point I made was that our market’s already very competitive – if crude oil had been 30 dollars a barrel, we wouldn’t have...
News
Phillips 66 enters UK market
...refining, marketing operations and trading in the UK. Despite the change in name, the company will continue to market its fuel brand in the UK as Jet®. “Although the name...
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MRH GB acquired by Lone Star
...company, trading under the name Amaris. The company plans to spend £100 million in renovating the hotels which are in ‘great locations.’ FOR MORE ON THE UK RETAIL MARKET –...
Analysis
A year in the wholesale markets
...customer’s needs and expectations and can pinpoint any areas for improvement.” Mabanaft is the trading division of Marquard & Bahls, an independent and privately owned petroleum company. The business encompasses...
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Essar ‘strong performance’ update supports energy transition
...and North Sea sources.” Deferred tax payments cleared Increased demand for locally produced fuel amidst the tight global supply situation has seen trading significantly ahead of previous forecasts. This stronger...
News
New website supports fuel distributor’s nationwide launch
A new fuel distribution company trading out of Immingham has launched a new website to support the business in providing best service to customers. OilMaxx is part of the Oilfast...
Insight
UK Downstream: the changing landscape
...the UK aviation fuel sector – Mabanaft, World Fuels and the world’s largest oil trading group, Vitol. Demand is not expected to recover to pre-covid levels until around 2024, and,...
Knowledge
Creating business value through a clear roadmap
...As a result of the relatively recent uptick in trading performance throughout the COVID period, there is no shortage of cash-rich businesses looking to achieve growth through key acquisitions. Happily,...
News
Could heating oil prices be frozen?
...a price freeze. According to the 2011 Office of Fair Trading report into the off-grid energy market, over 90% of the fluctuation in the price of heating oil is based...
News
Essar Oil UK announces senior appointment
...having served as chief executive of Mabanaft (Germany) and Litasco (Switzerland), as well as spending 27 years with BP, including as group vice president of global oil supply & trading....
News
Murco confirms sale of Milford Haven refinery: 400 jobs saved
...future of this refinery, for its employees and the broader community.” The Klesch Group is a global industrial commodities business, with three divisions specialising in the production and trading of...
News
Backing a certainty
...compliance culture driven by our dedicated Safety F1rst and Doing the Right Thing (compliance) campaigns. And we have developed strong and proactive relationships with the OFT, Trading Standards, etc. “However,...