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...
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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...
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...