News
A lubricants package that delivers
...business by 400%, Euro Oils customers are sharing in the company’s success. Our lubricant, your brand Private label branding in the UK has grown substantially as major oil and lubricant...
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News
OPEC+ continues oil production cut in uncertain market
...to maintain these cuts came ahead of the planned start of two measures aimed at hitting Russia’s oil earnings and ability to continue funding its invasion of Ukraine. A boycott...
Insight
Compulsory oil stocking obligations: a UK update
...hold oil stocks at the higher of 90 days of average net daily imports or 61 days of average daily inland consumption. For the UK at present, as an oil...
News
Stanlow refinery moves closer to low carbon future as EET Fuels commissions hydrogen furnace
...Essar Oil (UK) Ltd, has marked a major milestone in the UK’s transition to cleaner fuel production with the commissioning of the country’s first hydrogen-ready furnace at its Stanlow refinery...
News
Major investment at Essar
The installation of the giant new regenerator head will give the refinery unit another 25 years of life Essar Oil (UK) recently completed the successful lift of a giant new...
Insight
The changing world of the oil trader
...mt, which exceeds the combined inland oil demand of Germany, France and Italy. Looked at from another perspective, it represents almost four times the UK’s 2012 inland oil consumption! Tougher...
Interview
The battle to offer a competitive product
...Top Oil has invested in its Dublin terminal Tackling low margins Outlining how consumer spending has changed, Martin said heating oil order sizes had reduced to 500 litres and even...
Market Report
The increasing impact of China’s economy on global oil demand
...driver of oil demand growth over the last 20 years. Oil markets have become so reliant on China’s seemingly endless growth The slowdown in global oil consumption is largely the...
News
Could heating oil prices be frozen?
...row.) THE UK DEPENDS ON IMPORTS FOR 44% OF ITS HEATING OIL REQUIREMENTS The industrial dispute at the Grangemouth facility illustrated the potential vulnerability of the UK market to disruptions,...
Interview
DCC on ambitions for Ireland and energy transition
...for Retail & Oil, who joined the company 10 years ago, initially as managing director for oil, then for retail, oil and fuel cards, to understand more about DCC’s goals...
News
The shipping news
...High Sulphur Fuel Oil LSFO – Low Sulphur Fuel Oil LSMGO – Low Sulphur Marine Gas Oil IFO – Intermediate Fuel Oil ECUK – East Coast UK ECA – Emission...
News
OptiMate is the key to MechTronic success in Ireland
...Dundalk Oil, Atlantic Oils and Stewart Oils all placing (and receiving) orders in 2020. Barry Finlay at Dundalk Oil said; “We are delighted to be the first fuel oil operative...
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...
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...
News
Vintage year of success for Millers Oils
...power increases up to 5.6 percent, and when the nanotechnology oil was tested against a competitor’s oil, Nanodrive recorded 33% lower friction. Application of the technology to road car oils...
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...
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...
Insight
What price oil? 2022 in review
Ian Moore, founder and managing director of The Oil Market Journal, takes us through the year, highlighting the main impacts affecting the oil price in 2022. Contained within this article...