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...impact of the RHI on our industry. “But we have also been extremely fortunate. The continuation of low crude oil prices has prompted a revival in fortunes with oil remaining...
...two production plants, Crude Distillation Unit 1 and the Fluidised Catalytic Cracker Unit (FCCU) in a mothballed state will reduce future incurred costs associated with operating these two older plants....
...purchase of cheap Russian crude is propping up Putin’s war economy. Or perhaps it is in the gas markets, where we are seeing increased price pressure on seaborne cargoes of...
...“when required.” No new requirements are sought to control operator crude or fuel inventory levels. A strong industry response The original consultation received responses from 28 stakeholders including refiners, wholesalers,...
...with the Office of Fair Trading. “The point I made was that our market’s already very competitive – if crude oil had been 30 dollars a barrel, we wouldn’t have...
...near-continuous investment in its facilities. With a daily crude oil processing capacity of 221,000 barrels, it produces a range of light products and fuel oil, from low sulphur petrol and...
Formed by Macquarie Capital and Greenergy earlier this year, Navigator Terminals offers customers unique storage solutions for crude, petroleum, chemicals, liquefied gas, bitumen and biofuel products at strategic locations at...
...and do what we can to meet the needs of our customers in the face of tighter levels of supply. “All crude processed at Stanlow comes from US, West African...
...oil emits as much as 30% less CO2 than new base oil produced from crude. Peter Jonsson, technical director said; “We have managed to keep all the specialist expertise and...
...field stretched over an area of 27,000 sq kilometres and, initially, was thought to hold 2bn barrels of crude. Furthermore, the oil discovered was of the highest quality (“light &...
...to store crude oil was surrendered in 2007 but recent enquiries may change this position. The two Immingham terminals operate via two deep water jetties with 6 berths owned by...
...burns cleaner than traditional crude oil-based diesel as it emits less harmful pollutants, such as nitrogen oxides. It also comes with extra performance benefits for vehicles operating in urban areas,...
...surpassed production capacity, leading to concerns that exported product may contain mislabelled crude palm oil. January customs data showed a 36% drop in Indonesian UCO exports versus December. EU anti-dumping...
...in Venezuela exists and is plentiful is not in doubt. Indeed, the country still has the largest crude reserves in the world (about 20% of proven reserves), with approximately 350...
...with demand for crude expected to rise to 101 million bpd in 2025, and to hold steady to 2030. This is later projected to fall to 98 million bpd by...
...for central heating have not benefited as much from cheaper crude oil “because they are locked into longer-term contracts,” “As they renew their contracts, they’ll get a better deal if...
...Broaden strategic reserves to include refined products and future carriers like hydrogen and synthetic fuels – not just crude oil. Stockpile size: Preserve or grow current volumes to increase resilience,...
...Then in November of 1973 OPEC suddenly decided to rapidly increase the price of crude oil which literally changed the domestic heating scene overnight.” That year, the price of kerosene...