Insight
What price oil? 2022 in review
...is a graph which shows the price of Brent Crude throughout 2022. With data supplied by The Oil Market Journal, the markers highlight some of the key events throughout the...
search | crude
Insight
Strategic supply from Britain’s largest refinery
...mt/year). Subsequent additions took the total up to 330,000bpd (6m mt/year). In 2012 Esso undertook a reconfiguration of the plant, closing one of its three crude distillation units, resulting in...
News
Will summer fuel prices skyrocket in the UK?
...prices are usually highest. Geopolitics “The majority of the world’s crude oil comes from notoriously volatile countries. Recent tightening of sanctions on Iran by the Trump administration is expected to...
Insight
The UK’s refineries: past, present and future
...was reached with BA to supply SAF from the refinery in to the Exolum (CLH) pipeline. Pembroke: Nameplate crude oil distillation capacity is about 10.5 million tonnes per year, with...
News
Essar Oil UK – ‘a significantly better year’
...the configuration, the company has connected the refinery to the natural gas grid, materially diversified its crude slate, significantly improved the production of high value products and delivered a variety...
News
Essar introduces cost efficiency initiatives at Stanlow
...oil and naphtha produced on the site. Maintenance has recently been completed on a key furnace in the main distiller unit, and the site’s smaller CD3 crude distillation unit has...
News
Lindsey refinery collapse sparks urgent industry and government response
...the Prax-owned site removes around 10% of UK domestic fuel production and puts 420 jobs at risk. It comes just two months after Scotland’s Grangemouth refinery ended crude processing, further...
News
Making light work of heavy oil
The V25 Test Rig at the Trondheim, SINTEF Research Institute Using environmentally friendly methods to process crude and dirty oils, Fluid Oil has commissioned its first heavy to light oil...
Insight
Ireland’s downstream oil infrastructure
...and was mothballed for a short period. Crude oil processing was resumed with state ownership, under the aegis of the Irish National Petroleum Company. The facility was sold in 2001...
News
Oil users – fuel price winners once again!
...-37.14% Wood Pellets 1166 1310 144 12.35% Air Source Heat Pump Radiators 1766 1718 -48 -2.72% The bigger picture – falling crude prices After a relatively stable period during...
News
US oil price falls below zero for the first time in history
...serve the energy transition. It comes as US crude oil prices continued to drop reaching the historic low on Monday evening, while the international benchmark Brent crude fared better with...
Insight
Oil-price survey forecasts Brent to be above $80 a barrel by end of 2024
...drivers of crude in the past few months though only 10% of the respondents think this will be the biggest driver of oil prices over the next two years.” More...
Insight
Rapidly changing oil market creates pricing and supply issues
...a barrel then dropped to about $100 before climbing steeply again. Back at the latter part of 2021 a barrel of crude was selling for $69. With prices increasing at...
News
Trafigura set to expand into biofuels sector with Greenergy acquisition
...capabilities and position the company to capitalise on increasing demand for alternative energy sources. Trafigura’s diversification into the biofuels sector marks a notable shift from its traditional operations in crude...
Opinion
Logistics UK calls for diesel duty cut to protect UK economy
...Autumn Statement, should fuel prices have fallen.” Crude oil was trading at its highest level for 14 years on 8 March 2022. The cost of crude oil has risen by...
Opinion
Fuel price fears as OPEC+ cuts oil production
...OPEC announcement on Wednesday, Brent crude rose above $93 per barrel and has continued upwards rallying around 10% this week. Not a political decision OPEC Secretary General Haitham al-Ghais described...
News
Fuel Industry people moves May 2024
...the oil and shipping markets, she brings valuable expertise and a fresh dynamic to the team. Prior to joining Mabanaft, Caroline was the Director of International Crude Trading for Suncor,...
Opinion
Longer term impacts of coronavirus on the UK and Ireland’s oil industry
...down in an effort to protect margins – in Britain, INEOS shut down a 35,000-bpd crude unit at its 200,000 bpd Grangemouth refinery on March 17th, whilst BP shut down...