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...
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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...
Analysis
What price oil? Q3 2025 in review
In association with The Oil Market Journal A quarterly review of the movements of, and impacts on, brent crude and HVO diesel prices. With data supplied by the Oil Market...
News
Avioxx synthetic crude production paves the way to affordable UK SAF
Marking a major step forward in its ambition to deliver cost-competitive sustainable aviation fuel (SAF), UK-based clean energy company Avioxx has commissioned production of synthetic crude oil at its Runcorn...
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...
Analysis
Industry cleared again: Irish regulator finds no fault in fuel price surge
...risen faster than crude?). For distributors, this creates a familiar and difficult dynamic: Retail prices move quickly in response to wholesale shifts Consumer impact is immediate at the point of...
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...
Insight
Stanlow celebrates a century of powering Britain
...construction began on a fully-fledged crude oil refinery. This refinery was completed in 1952. Development under Essar ownership Essar Group acquired Stanlow in 2011. Since then, Essar has nurtured the...
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...
Insight
The UK fuel industry: latest statistical analysis
...from where refineries source their crude oil feedstocks, to how many EV charge points are now in operation at the UK’s petrol filling stations. With the sector evolving, it is...
Insight
What are the issues causing uncertainty in the oil and gas sector?
...Russia by other global powers caused a notable surge in the price of WTI crude oil to $133.46 (£106.89) per barrel and Brent crude oil to $139.10 (£111.43) per barrel,...
Market Report
The increasing impact of China’s economy on global oil demand
...24 – Jul 24), Chinese crude demand contracted by 280,000 bpd. In July, China’s total crude imports were 9.97m bpd, which was 12% lower than the previous month (Jun 24...
Market Report
Prices and predictions – what does 2025 have in store?
...most notable of all, was the fact that the trading range of crude oil (i.e. the price high to the price low) stayed within its narrowest band in over 20...
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...
Market Report
Is there method behind OPEC’s apparent madness?
...be increasing oil production by another 150,000 bpd. All of this despite the world being awash with new crude from the likes of Guyana, Brazil and the USA. Why would...
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...