News
Which? reports on heating oil prices
...between December 2013 and December 2014. Fuel Oil News provided Price Totem information for the article in which OFTEC ‘suspects that prices will remain low at least until March, and...
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Opinion
New analysis shows UK may need to turn to coal to keep the lights on this winter
...for the winter; with the scarcity value of electricity driving prices to exceptional highs, far beyond the level explained by gas prices alone. “To keep the lights on this winter...
Opinion
What is the best Christmas present for a fuel distributor?
...a Christmas present for the industry, Richard chose ‘the continuation of very sensible oil prices – high prices were doing us a lot of damage. The low oil price has...
News
UK road fuels – competition is ‘working well’
...rises in pump prices for petrol and diesel over the last ten years have been caused largely by higher crude oil prices and increases in tax and duty and not...
News
Q3 2012 – oil production and refinery demand
...of Energy and Climate Change has published the figures in Energy Trends and Quarterly Energy Prices, publications which give statistics on energy production and consumption. The overall demand for primary...
Market Report
The impact of the Red Sea crisis and why expansion to the north could be catastrophic
...prices significantly northwards in 2024. Since writing that report, conflict levels have further intensified with ongoing drone attacks against passing maritime traffic and “preventative” military strikes from the US Navy...
News
Oil price recovery and staycations fuel growth for J.R. Rix & Sons
High oil prices combined with a growing demand for holiday homes and lodges saw East Yorkshire family-owned business J.R. Rix & Sons Ltd increase turnover by 42 per cent last...
News
Heating oil theft falls
...security lighting and fuel level alarms.” Despite small increases in cost since the beginning of the year, heating oil remains around 50% cheaper than when prices peaked in Spring 2013....
Analysis
In review: the 2022 tanker market
...at the price when we’re ready to build.” Fluctuating component costs It’s the same at RTN, where Adrian is hoping that aluminium prices will stabilise this year and also highlighted...
News
Food-based biofuels to be capped
...4.5%. Biofuels produced from oil crops can give out more carbon emissions than diesel, and cause higher food prices. Connie Hedegaard told the Guardian: “We cannot morally afford to build...
News
Manx Petroleum – Fuelled with island spirit
...UK downstream has seen Manx Petroleum go through a period of transition leading to the creation of a new brand identity. To learn more, Fuel Oil News visited the company...
Opinion
Logistics operators report escalating costs as fuel prices soar
...than six in ten saying that both air and international road freight rates had also increased substantially. Fuel cost increase is impacting demand Bulk diesel prices, which constitute about 30%...
Analysis
A year in the wholesale markets
...terminals has allowed us to grow our contracted and spot volumes. Prax is now a significant supplier of fuels to the distributer sector. By importing larger cargoes of fuel and...
News
Oil-fired homes – the clear winners
...July 2014, oil prices have fallen by approximately 34-35% for both existing and newer properties in the UK and by approximately 29% for dwellings in the Republic of Ireland. Compared...
News
Government urged to set achievable SAF targets and consider impacts on kerosene supply
...achievable Sustainable Aviation Fuel (SAF) target in jet fuels is 0.5% by 2025. Setting a higher target would not reduce greenhouse gas emissions any further but could put up prices...
Analysis
Potential impacts of April’s NIC and minimum wage changes
...rising costs, from fluctuating fuel prices to vehicle maintenance and insurance. With the increase in NICs and wages, a company could see a significant increase in annual payroll costs. For...
News
Ready for a top up?
...said transport manager, Mark Mackenzie. “It’s becoming less popular as everyone’s pushed further into comparing prices for everything. When prices didn’t change every five minutes you’d find a much more...
Analysis
Prax – a fast track wholesaler
...always follow price. As fuel prices have rocketed, customers are hitting credit limits that much quicker – they’re looking for good service from a wholesaler who’s willing to listen and...