Opinion
Fuel price fears as OPEC+ cuts oil production
...the wholesale cost of fuel bringing to an end three months of falling pump prices that had brought some relief to consumers. Higher oil prices resulting in increased consumer costs...
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Opinion
We’ll meet again: oil to gas price gap shrinking rapidly
...oil and natural gas prices are racing towards each other at a rapid pace. “Natural gas prices have been much higher than oil prices since late July 2021. This has...
Opinion
Will rising fuel prices accelerate the switch to renewables?
...reopened and manufacturing continued, the demand for energy also returned. The latest surge in fuel prices is largely due to the jump in oil prices that followed Russia’s invasion of...
Market Report
The eternal influence of black gold
...the field are clearly vast. At today’s oil price ($90 / bbl), the oil field has a value of around $1trn and, with current production levels of 500,000 barrels per...
Insight
Security of oil supply in the fuel distribution sector
...days for importers) and, for the full obligation (67.5 days & 58 days respectively) for fuel oil and regular kerosene, this can be met by a category termed ‘Any Oil’...
News
US oil price falls below zero for the first time in history
The leading representative body for the UK’s offshore oil and gas sector has warned the latest oil price developments could fundamentally undermine the ability of the industry to recover and...
News
UK and allies announce price cap of $60 on Russian Oil
...European Union, agreed on Friday to set the $60 price cap on Russian crude oil traded by firms shipping oil to third countries with the price to be kept under...
Interview
Ferguson Fuels: family-run, with customers at its heart
Ferguson Fuels has operated as a family-run fuel business in Northern Ireland for over 50 years. Claudia Weeks, Community Content Lead for Fuel Oil News spoke with Clark Hamilton, Yard...
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...
Opinion
The price quoted is the price the customer pays?
...the price invoiced, this reflects badly on our customer service. So it is very important that the price quoted is the price the customer pays.” Nick Goodwin, Standard Fuel Oils...
Interview
The battle to offer a competitive product
...average price. It is apparent that competing on price is paramount for oil distributors with most consumers now ordering smaller amounts of fuel, less often. What is also important is...
News
A product making a marked impact on fuel theft
...2022 many businesses are no longer able to use rebated fuel, known as red diesel or marked gas oil, for their operations and so the stored fuel now appears identical...
News
BSI publishes revised fuel oils standard to avoid safety and performance issues
...provides detailed, application-specific, fuel oil specifications to reflect the need for changes in end users’ equipment, legislation, market use and the application specific use of fuel oils and fuel oil...
Interview
In conversation with Dave Walmsley: enthusiastic for NWF Fuels expansion
...positions at Palletways and Lyreco. Margaret Major, managing editor of Fuel Oil News, caught up with Dave to find out how fuel distribution differs from his previous roles and what...
Interview
A unique fuel industry set up for Convery Oils & Convery Engineering
Eamon Convery is the owner and manager of Convery Oils, a modern fuel distribution business based just outside Kilrea in Northern Ireland. Convery Oils delivers fuel products throughout Co. Derry,...
Insight
A “changing of the guard” in the UK fuel marking regime
...of butoxybenzene per litre of energy product. In summary, the required markers for each fuel type in the UK from 18 January 2024 are: 1. Gas oil/biodiesel/gas oil bioblend/light oil...
Insight
Association stats show steady progress towards net zero
...fuels. Growth in renewable fuel consumption Among the headline findings this year is that renewable fuel use, which on average has an overall greenhouse gas (GHG) saving of 82% compared...
News
Products for a greener sector
...joined the programme: “DCC Oil Group was in the process of merging three oil companies – Jones Oils, Campus Oils and Emo Oils. We were looking for a complete transport...