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...
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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
Firefly partnership adds key technology to biosolids-to-SAF project
...industry. The ‘wet-to-jet’ approach Under the terms of the agreement, Altaca will supply Firefly with its CatLiq hydrothermal liquefaction (HTL) technology. The technology converts sewage sludge into crude oil, representing...
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
Crude oil trend boosts heating oil prices
...of crude increased by 8.5%, including a one year high of $53.29 per barrel on 10th October. This is widely believed to be the most significant factor affecting heating oil...
News
Stable oil prices mean a fall in Group revenue for J.R. Rix & Sons
...peak at £535.1m, was fuelled by a steep rise in crude oil prices brought about by the war in Ukraine. In 2023, oil prices dropped 17.9%, marking a return to...
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...
News
Argus Media – bunker fuels and a crude and products forum
...Media for its annual Argus Crude and Products Forum in London. This year’s event takes place on Tuesday 25th February during IP Week with the company hosting a series of...
News
Stanlow’s strong performance
...of high value propylene. In the nine months to December 31st, 2015, Stanlow, which produces about 15% of the UK’s road transport fuel demand, processed 6.77 MMT of crude, a...
Analysis
Greenergy – liquid problem solving
...biofuels viable? FON asked. “Well, there’s no plan B. The new crude reserves being discovered are in places that are increasingly hard to explore. We need other alternative liquid fuels...
News
New partnership for SAF developer Firefly Green Fuels strengthens global feedstock access
...This process allows the company to chemically alter sewage waste, breaking it down into materials known as biocrude and biochar. Biocrude is then upgraded into SAF and other fuels, whilst...
News
Prax Lindsey refinery set to close with no buyer found
...will be winding down operations,” Shanks said. In a written statement, the Energy Minister said that the refinery will process crude until the end of the month, and the official...
News
Fluid Oil – meeting strategic objectives
...a 6API Orinoco crude to 25.5API at a liquid yield of 93.5%. The plant will now be used to undertake customer tests and provide engineering data required to build the...
Insight
The energy sector: COP27 takeaways and future challenges and prospects
...from a current 20% to 13% by 2030. Issues likely to dominate the energy environment in 2023 are: Crude oil supply, especially in the light of recent OPEC decisions on...