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Portland report July

Market Report

Elections and energy policy: a powerful combination

...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...

News

Cautious industry response to fuel resilience bill

...“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,...

News

Chandlers Oil & Gas – Playing to our strengths

...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...

News

Phillips 66 enters UK market

...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...

News

Navigator Terminals completes acquisition

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...
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Market Report

The eternal influence of black gold

...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 &...

News

Simon – investing in our infrastructure

...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...

News

Products for a greener sector

...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,...
Biodiesel pump

Sponsored

ESL Fuels Biofuel Market Update – Q1 2025

...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...

Opinion

Highs and lows of the oil price drop

...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...
Oil ad gas storage at port

Insight

FETSA calls for overhaul of energy security strategy

...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,...

Interview

Celebrating 50 years of innovation

...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...