Market Report
Prices and predictions – what does 2025 have in store?
...own forecasts for 2024 oil prices. Our headline prediction in Jan ’24 was for oil prices to “trend sideways and stay in the $70-$80 per barrel mark”. Arguably this was...
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Insight
Heating future: prospects for kerosene and HVO
...Kerosene: This product heralded the age of the oil industry in the late 19th century when it was sold as lamp oil. The balance of probability is that its use...
Opinion
Longer term impacts of coronavirus on the UK and Ireland’s oil industry
...managing director of GPB Global Resources B.V., the broader impacts of coronavirus on the oil industry Plummeting oil prices have had worldwide consequences but have been particularly painful for the...
Opinion
“Do you agree with the Northern Ireland Housing Executive (NIHE) that the Province should have more oil buying clubs?”
...more oil buying clubs, there will inevitably be more – batten down the hatches!” For further comment see the Value Oils blog – www.valueoils.com/blog/home-heating/heating-oil-buying-groups-2/ Joe Bradley, Bradley Fuels “I don’t...
Opinion
OGUK welcomes climate report impetus
...to cut emissions from oil and gas production, currently totalling about 18.5m tonnes a year, to net zero by 2050. This could include the electrification of offshore oil and gas...
News
Fuel for thought…
...at a European, national and regional level. With over 1.5 million heating oil installations throughout these islands and millions more across Europe, the oil storage tank industry and the oil...
News
Oil theft – oil industry shows support with donation
...Northern Ireland Oil Federation (NIOF) resulted in Solo Direct offering to give the unit 1,000 litres of oil to help during this difficult time. With £1,000 worth of oil stolen...
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...
News
Getting warmer in the community
...tenants. In return CBL has developed a community oil fund that purchases oil on behalf of Cottsway’s tenants. The smart meters inform CBL of oil used, with tenants able to...
Insight
No easy decisions at Whitegate
...support the country’s oil needs is Whitegate. Oil refining on the island of Ireland Originally commissioned in 1959, Whitegate has a distillation capacity of 71,000 bpd. One third of output...
News
Oil recycling specialist Slicker expands further with Oil Monster acquisition
...with their own carbon cutting and sustainability agenda, re-refining their waste oil back into base oil through our own re-refinery.” “We welcome everyone at Oil Monster into the Slicker family...
News
In Conversation with Klass Oil: a class act in energy distribution
...Tom Kirrane in the oil industry for nearly 40 years. Originally setting up Emo Oil, Tom ran Texoil as a joint venture with Chevron until he sold his share in...
News
Jardine Motors Group achieves a carbon-cutting, UK first in waste oil management
...used oil through a fully circular waste oil management solution. Through servicing customers’ vehicles at their 50+ sites nationwide, Jardine generates significant volumes of used lubricating oil which is now...
News
Oil price at seven-year high amid supply concerns
...global oil inventories and the strength of demand. To avoid seeing the price of oil head into the $100 plus territory the best hope is that it is a combination...
Opinion
Non-energy use of oil products a huge challenge to international trade
...cycle — with spikes in the oil price often occurring before economic recessions,” said Chapman. “Oil has been essential for economic growth, but our reliance on it has created vulnerabilities....
News
University scientists have developed a greener marine fuel
...up to 500°C to convert them into bio-oil. Solvents were added to the bio-oil, which was then blended with used cooking oil or fat to create the fuel. Dr Abul...
Analysis
What is the direction of travel for the UK energy sector?
...Conservative commitment to keeping the oil and gas windfall tax they introduced as well as the allowances that incentivise investment in North Sea oil and gas. The Conservatives The Conservatives...
Knowledge
Data: the UKIFDA databank
...non-domestic kerosene shows a marked difference, with non-domestic kerosene increasing – presumably due to the switch from gas oil to industrial heating oil. Pricing The Office for National Statistics (ONS)...