News
Which? reports on heating oil prices
...oil price Figures from Fuel Oil News Price Totem (based on ordering 1,000 litres of kerosene heating oil) showed a drop from an average of 56p per litre in December...
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News
Oil users – fuel price winners once again!
Following the release of the latest comparative average heating price figures from Sutherland Tables, OFTEC reports good news for most oil heating users in the UK. Detailed below, the figures...
News
OPEC+ continues oil production cut in uncertain market
...into effect today, 5 December, in an already churning oil market. Speaking after yesterday’s OPEC+ meeting, Ann-Louise Hittle, vice president, Macro Oils, at Wood Mackenzie, said: “The decision by OPEC+...
Insight
Compulsory oil stocking obligations: a UK update
...international requirements to maintain the requisite minimum levels of oil stocks to mitigate any supply crisis. These were: EU obligations Under EU Oil Stocking Directive 2009/119/EC, members are required to...
News
HGV hydrogen trials to decarbonise UK fleets
CNG Fuels, the UK’s largest supplier of alternative low-carbon fuels for HGVs, has announced plans to host hydrogen fuel trials across its rapidly expanding UK network of public access biomethane...
News
Market intelligence – FREE trial offer
...Today it offers a broad range of oil and foreign exchange prices, news and analysis via a plethora of innovative systems. Fuel Oil News readers are now invited to experience...
News
Standard Fuel Oils acquires Solo Petroleum to expand fuel distribution reach
...customers of both Standard Fuel Oils and Solo Petroleum were assured the transition would be “seamless, with continued access to high-quality products and services”. Image provided by Standard Fuel Oils...
News
Proposals to allow fuel tankers to carry bigger loads detailed in consultation
The government is consulting on proposals to allow road fuel tankers to carry bigger fuel loads in a bid to further strengthen the UK’s fuel supply chain. Following the fuel...
Case Study
Digital delivery: selecting a solution
...diverse set of needs including agricultural fuel, lubricants, commercial fuel and home heating oil. With the latter, an extensive depot network allows Carr’s Billington Fuels to distribute heating oil quickly...
News
Creating a Taskforce for Liquid Biofuels
...that are already being developed and coming to market including Gas to Liquid (GTL), Hydrotreated Vegetable Oil (HVO), e-fuels and other liquid fuels made from waste materials. Products such as...
News
An industry creating its own new dawn – liquid biofuel trials in the UK
...gets ever closer, there are still 38,000 homes running on oil in Cornwall. As ever, we are determined to get the best alternative fuel for our customers.” Speaking about the...
Interview
TEC: driving forward through innovation
...also developed two new oil reeling hoses specifically for the oil distribution industry – TECOIL and FUELTEC. FUELTEC is now a market leader and TECOIL entered the market in mid-2022...
Insight
The changing world of the oil trader
...Total, etc. These vertically integrated international oil companies (IOCs) have been joined by state owned concerns, or national oil companies ( NOCd )- names such as Aramco, Kuwait Petroleum, IPC,...
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?
...very little mention was made of other fuels such as heating oil. The possibility of a heating oil price freeze Citing international factors, gas and electricity suppliers plus a number...
News
The ‘perfect fit for Rix’
...managing director of Rix Petroleum, described Stones Fuel Oils as the ‘perfect fit’ for Rix as both businesses had much in common. “Stones Fuel Oils is a fantastic and well-run...
News
Watson Fuels joins Inspirit Capital: a new era for one of the UK’s leading fuel distributors
...Fuels operations: Domestic heating oil and heating services Agricultural and commercial bulk fuel Lubricants Fuel cards Specialist fuels and wholesale The move comes at a pivotal time for the UK...
Analysis
An industry acquiring
Since the first impacts of Covid-19 back in early 2020, we, at Fuel Oil News, have closely followed the sector as it has adapted in the face of increasing challenges....