News
Theft threat?
When the price of crude oil rises, reports of oil theft increase. Alex Porter spoke to distributors about the situation in their area A recent article on the Fuel Oil...
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Opinion
Consequences of IMO 2020
...regions, such as Fujairah, the decline in the number of tankers arriving to load crude cargoes has had a noticeable impact on total sales. Whereas in Singapore and Rotterdam, total...
News
Ministers urged to secure future oil refining capacity
...oil refineries in the UK. “We consider the oil industry to be critical to the UK economy. In an increasingly unstable world where new supplies of crude oil will need...
News
Robust financial performance
...crude slate and an ongoing focus on margin booster initiatives in recent years resulted in a delta over the benchmark margin of US $4.00/bbl, as against under US $1.00/bbl in...
Analysis
BP – making a wholesale commitment
...400,000 barrels of crude per day.” BP has also divested non-core terminals – Aberdeen and Inverness to GB Oils, Dalston to INEOS and the Isle of Wight to MRH. Who...
Insight
No easy decisions at Whitegate
...the government sold Whitegate to Tosco, the transaction came with the stipulation that crude oil processing would be maintained until at least 2016. There have been two attempts to sell...
News
Firefly first to benefit from Boeing and Clear Sky aviation decarbonisation partnership
...uses heat and high pressure to convert waste into biocrude oil and biochar, a powdery substance that can be used as a fertilizer. SAF produced from this abundant, yet untapped...
Analysis
Planning for the future: Nextgen skills for the fuels sector
...opportunities are there, and the industry offers great career prospects. The skills used today in the production of crude oil are exactly the skills we need for the refineries of...
Analysis
A just transition for Grangemouth?
...Forties Pipeline System: another INEOS business which employs c.500 people, transporting 300,000 barrels of crude oil per day from 85 North Sea fields. The pipeline also facilitates approx. 30% of...
Insight
Fuel prices – impacts and forecasts
...EU ban on Russian crude oil comes into effect. A further ban on refined products takes effect next February. These changes are likely to put more pressure on depleted stocks,...
News
Confirmed: Grangemouth, the UK’s oldest refinery, is to close in 2025
...employs c.500 people, transporting 300,000 barrels of crude oil per day from 85 North Sea fields. The pipeline also facilitates approx. 30% of the UK natural gas supply. The wider...
Insight
What is the outlook for UK refining?
...a substantial contribution to the UK economy. Annual contribution is some £2.3 billion, supporting an estimated 26,400 jobs. When activities in the UK crude oil production sector are added, there...
News
Success despite oil demand & price slump
...as the country all but closed. However, the single biggest factor influencing revenue performance in the 12 months to December 31st, 2020, was the slump in the price of crude...