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...climate action, suggests that demand will plateau at the 2019 level for several years before declining from around 2035. While oil demand is not expected to collapse, a plateau or...
The recent extreme weather has caused a massive surge in demand for home heating oil in both Northern Ireland and the Republic of Ireland, creating temporary shortages with distributors forced...
...day.” Rapidly accelerating demand Demand for the fuel from fleet operators is growing at around 100% per annum, and CNG Fuels forecasts the demand to continue to accelerate, with around...
...However, this demand outstripped supply and distributors reported low levels of stock in early September. “Distributors must forecast expected demand months in advance and this unprecedented uplift in August has...
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...sought to replenish stocks ahead of winter. However, this demand has outstripped supply and distributors are reporting low levels of stock currently. “Distributors must forecast expected demand months in advance...
...slump in demand for petroleum products during lockdown, as well as an accompanying fall in oil prices, resulted in a 22 per cent drop in Group turnover, down from £509.3m...
BP has announced plans to cut 10,000 jobs worldwide following the global slump in demand for oil. Having paused redundancies during the peak of the pandemic the CEO of the...
...on the sector. The impact of the pandemic The impact of Covid-19 on supply and demand in the sector has been significant, with the demand for oil products falling by...
...continue to explore the evolving landscape of tank level monitoring, it is clear there is a growing demand for innovative solutions that cater to the unique needs of customers. Talking...
...more fuel-efficient. Diesel will account for 70% of fuel demand growth, with gasoline remaining relatively static in spite of the number of personally owned vehicles doubling. Aviation – demand for...
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Rocketing customer demand for alternative cleaner fuels sees Crown Oil expand with investment in a new site. The Bury-based business, part of the £420m-turnover Crown Oil family of companies, has...
...petrol demand increasing by 4.1%, countered by a 3.2% decrease in demand for diesel. Biofuel demand continued to grow with bioethanol and biodiesel demand up by 16% and 19% respectively....
...right direction but still leave a Q2 2020 oversupply of around 20m bpd due to the falling demand. “The latest data (15th April) indicates “US Total Oil Demand” down around...
...supply-demand balance.” Pushing back peak oil BI’s latest survey has shown a shift in sentiment over the resilience of demand and the outlook for continued consumption growth, with only 24%...
...coronavirus, demand is expected to increase resulting in rising global oil demand through 2023. This will leave producers once again needing to increase output to balance supply and demand. Given...
...oil in the world at a time when demand is robust and still growing. With Covid restrictions being lifted in many countries, demand will be further stimulated. “Tank bottoms are...
...leaving Russian diesel behind hit markets. Weakening demand Early October saw the tight supply side overtaken by fears over weakening demand as macroeconomic troubles hit market sentiment. “Higher for longer”...
New independent research, commissioned by GripHero, has revealed that 66% of drivers are aware that Covid-19 can be passed from driver-to-driver at the fuel pump, driving demand for hand protection....
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