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...a 2.1mmbpd fall in crude production in June from a 13 million barrel a day peak in the first quarter of the year. Westwood now estimates that overall oversupply for...
...oil prices began moving higher, with ICE Gasoil pushing above $1,000/t. and ICE Brent Crude peaking at $95.55/b. ARA diesel inventories began falling below long-term averages as the reality of...
...volatility which is generally seen as synonymous with oil. The future of Iran’s nuclear programme with the possibility of sanctions easing, civil unrest in Libya affecting its crude exports, and...
...who, respectively, source 42% and 17% of their requirements from Norway. Crude oil production is currently running at around 85 mln Mt/year, down from the 2001 peak of 163 mln...
...and impacts on, Brent crude and HVO diesel on a quarterly basis. With data supplied by The Oil Market Journal, we will highlight some of the key events that impact...
...also seen in the wholesale natural gas market over the last decade. A decline in domestic refining capacity coupled with the decline in crude production from the UK Continental Shelf...
...history. Rory Clarke, Group Managing Director said that Rix Petroleum’s performance – which saw sales reach £535.1m – resulted principally from the recovery of crude oil prices which underpin the...
...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...
...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...
...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...
...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...
...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...
...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...
...the first shipment of U.S. crude oil for export in 40 years. Using three Emco Wheaton marine loading arms (MLA) the Greek oil tanker, Theo T, was loaded on New...
...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...
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...
...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...
...a valuable national asset, particularly for the UK’s gas supply, but it is not a standalone solution to the UK’s fuel security challenges. In 2024, only 9% of crude processed...
