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...
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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...
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...
News
Essar staff offered £30,000 “leaver incentive” package
...value products from the Stanlow refinery by closing the smaller of our two crude refining units later this year. “As a result of this optimised configuration going forward, organisational changes...
News
August update
...of Brussels on how this relates to oil imports has not exactly been clear: initial reports were that, as of the start of next year, all crude oil and refined...
News
Committed to the growth of the UK’s oil and gas economy
...transport fuel demand, processed 4.5 MMT of crude, in line with the 4.5 MMT during H1 FY17. Making good progress on its plans to invest $250 million in capex and...
News
UK and allies announce price cap of $60 on Russian Oil
The Price Cap Coalition of the G7, the European Union and Australia have set a cap on seaborne Russian crude oil at $60 effective today. An announcement from HM Treasury...
News
A good infrastructure?
...crude oil feedstock being sourced from theUKand Norwegian sectors of theNorth Sea. Refinery challenges Poor profitability conditions in refining have been evident since 2008 and will continue, with no prospect...
News
New petroleum measurement training and technical guidance
...sale and purchase of crude oil, cleaning of tanks in marine tank vessels carrying petroleum or refined products, and procedures for cargo inspections for crude oil, products and liquefied petroleum...
News
Stanlow – new long term working capital funding facilities
...Stanlow oil refinery in Ellesmere Port. The Inventory Monetisation arrangement with J. Aron & Company covers the supply of crude oil to Stanlow and replaces a similar agreement with Barclays...
News
Coryton assets to be sold to joint venture
...to be an import terminal, after significant reconfiguration of the existing site. The administrators are presently overseeing the removal of all crude oil and refined products from the site and...