News
£2m funding for Gloucestershire distributor
...and heat,” said Rob Spearman, head of Clydesdale Bank’s Business and Private Banking Centre in Gloucester. “We’re delighted that Hobbs was able to take advantage of one of the new...
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Insight
What price oil? 2024 In review
...then extended curbs until December when prices weakened further. Libya banned oil exports over a central bank dispute between rival governments. Tensions continued to rise in the Middle East with...
Market Report
Prices and predictions – what does 2025 have in store?
...will also take a look at how accurate our predictions were at this time last year and of course, how our “rivals” (ha-ha) in the banking world fared with their...
News
New $150m receivables portfolio for Essar
Essar Oil UK (EOUK) has successfully completed the financing of a $150 million receivables portfolio with Hamburg Commercial Bank AG (HCOB) and Mizrahi Tefahot Bank Ltd (UMTB). This new facility...
News
‘A real thirst for expansion and growth’ at Aztec Oils
Derbyshire–based Aztec Oils recently completed the acquisition of the lubricant, pre-packaged fuel and contract packing business of Multispec Limited – formally Caldo Oils – for an undisclosed sum. (l-r) John Longstaff, BHP Corporate Finance; Andrew Fielder, Banner Jones; Mark Lord, and Janis Hartshorne, Aztec Oils; Matthew Chenery, Barclays and Katie Ash, Banner Jones Aztec...
Interview
Kevin McPartlan of Fuels for Ireland
...the mileage of core urban dwellers with little by way of community transport options, and 50% of Irelands energy consumption is currently delivered by oil so the challenge is not...
Insight
What price oil? 2023 In review
...headwinds pressured prices lower. The collapse of Silicon Valley Bank and the rescue of Credit Suisse by the Swiss National Bank and UBS led to fears of recessions and reduced...
News
Win an iPad mini 2 with Mabanaft at FPS EXPO 2015
...a member of the team will take your entry and give you a FREE power bank charger as a thank you for taking part. On both days the competition will...
Interview
Jay Nair of Mabanaft: transition, inclusion and diversity
...Shell at their Singapore trading desk. A few years of trading in Singapore and London, both at investment banks and energy houses, saw me moving to corporate management in 2018....
Interview
Transition talk from Mabanaft CEO Jonathan Perkins
...or connected to investment banks, and I spent eight years working at Morgan Stanley in London with a finance operational slant. Getting involved in a couple of commodity transactions I...
Opinion
Ken’s Corner: The Liverpool Lambanana
...exhibition, the sculpture, first created by a Japanese artist, reflects Liverpool’s history, as lambs and bananas were, historically, common cargoes in the city’s docks. The artist aimed to present a...
Insight
Industry impacts of the reset of government net zero policy
...current policies that ask British people to sacrifice even more. The policies singled out as causing concern included the proposed ban on fossil fuel boilers. Commenting on the exorbitant costs...
News
ReFuels to open Wales’ first renewable biomethane refuelling station for HGVs
...cost savings. The site in Bangor will play a fundamental role in addressing emissions from the heavy goods sector. Located in Parc Bryn Cegin, just off Junction 11 on the...
News
The Prax Group acquisition, appointments and securitisation
...HSBC Bank plc as Arranger, with HSBC Bank UK plc, Citibank N.A., JPMorgan Chase Bank, N.A., and Royal Bank of Canada as senior note purchasers. Robin Edwards, chief financial officer...
Interview
A proud tanker driver
...full time paid job came up four years ago. Although owned by NWF Fuels, the company’s Bangor depot still operates under the Dragon Petroleum brand; NWF did change the name...
News
Vessels delivering Russian diesel are ‘sailing through a loophole’
Over the weekend a tanker delivered 33,000 tonnes of Russian diesel to a UK port despite government-imposed sanctions under which Russian-owned or flagged vessels are now banned from UK ports....
Insight
Fuelling commercial road transport: the future energy mix
Recent years have seen a lot of attention on future power sources for cars post the 2030 ban on ICEs in these vehicles and the debate continues on the best...
Opinion
OFTEC urges support for renewable liquid fuels after PM outlines 10-point plan
...in EPC bands E-G, equating to 765,000 properties². BEIS estimates that bringing EPC Band E homes heated by oil up to an acceptable Band C, would cost on average £12,300....