News
Oil – the only heating fuel where prices have fallen
Jeremy Hawksley speaking about Oilsave and the fight for oil heating at the Fuel Oil News Distributor Debate earlier this month. See the March issue of Fuel Oil News for...
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News
Portland Market Report – oil prices
...attractively low oil prices. The two biggest strategic buyers of oil in the world are the oil reserve companies of the USA and China respectively, both of whom are currently...
Analysis
Ambitious EV growth targets raise UK grid concerns but what of the impact on oil demand?
...impacting global oil demand? According to the International Energy Agency (IEA), China’s oil consumption increased by only 180,000 bpd in 2024, less than one-fifth of the growth seen in 2023,...
Analysis
A deep dive into fuel distribution industry data
Industry trade body, UKIFDA, takes a detailed look at latest sector data in this annual review. Our members UKIFDA represents 121 distributors who, in turn, deliver c90% of the UK’s...
Interview
Darch Oil tanker driver Chris Eke on life on the road
Darch Oil, the Somerset-based distributor, has been supplying a friendly, reliable, and efficient service to its customers for over 30 years. Now part of NWF Fuels, Darch Oil continues to...
News
UK and allies announce price cap of $60 on Russian Oil
...secure affordable oil. A General Licence will be published shortly that will provide an Oil Price Cap exception for third countries, so that firms supplying oil to them are able...
News
Making light work of heavy oil
...viably with prices as low as $15 a barrel! The company is now building new Rigs in the UK for overseas customers and the analysis of their oil samples. www.fluidoil.co.uk...
News
Crown Oil completes acquisition of Star Oil
North West-based Crown Oil has strengthened its brand in the North West after acquiring an £18m-turnover oil supplier. The Greater Manchester company, part of the £420m-turnover Crown Oil family of...
Opinion
Crude falls below $100/bbl as OPEC+ increases output but for how long?
...crude oil stocks of 4.5 million barrels, had an immediate impact on the oil price with crude oil trading lower the morning after the OPEC+ agreement was announced. Falling below...
Opinion
Highs and lows of the oil price drop
...has been warned that 30,000 jobs in the gas and oil sector could be lost, with oil prices falling to their lowest in two decades. But, despite the global crash...
News
Distributor Diaries March 2025 – the latest updates from our distributor community
Oilfast: Proud to continue special partnership Having offered an incredible opportunity to local singers and songwriters, Oilfast, the independent fuel supplier, based in Motherwell, Scotland, has decided to extend its...
Opinion
Consequences of IMO 2020
January 2020 saw a new limit on the sulphur content in the fuel oil used on board ships come into force, marking a significant milestone to improve air quality, preserve...
News
Cautious industry response to fuel resilience bill
...in the first place. A UKPIA spokesperson commented: “Governments must ensure UK companies can remain competitive on the global market, especially as climate change policies change and we must compete...
Opinion
OMJ anticipates oil market movements
Amidst a global lockdown resulting in less and less demand for oil, the oil market has been in turmoil. Ian Moore, director of the Oil Market Journal (OMJ) shares his...
Market Report
A special Christmas market report from Portland
...for black gold there and then. Lauren Laverne Really. Did you find oil in the garden? Gaz Oil No. Course not. Lauren Laverne Oh. What was the song then? Gaz...
News
Oil Terminal 2015 – new multi-billion USD projects
...Bashneft. The agenda at the Oil Terminal 2015 industry forum reflects how growing oil exports have led to additional demands to increase the capacity of tank farms and exporting oil terminals....
News
Streamlining the UK’s downstream infrastructure
...being falling market demand following the oil price rise in the aftermath of the first ‘oil shock’ which followed the October 1973 Yom Kippur conflict in the Middle East. Further...
Insight
The case for a UK CSO agency
...Downstream Oil Reporting System and for importers in the Oil Stocking System. Additional provisions introduced in 2012 require that for motor spirit, diesel/gasoil and jet kerosene at least 22.5 days...