News
Oil heating cheaper than mains gas
Jeremy Hawksley – welcome news for the industry and the 1.5 million UK households who use oil for heating Oil is now the cheapest of all the major heating fuels,...
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News
Energy statistics show fall in oil production
...compared to the previous year. The Department of Energy and Climate Change has published the figures in Energy Trends and Quarterly Energy Prices, publications which give statistics on energy production...
Insight
Ken’s Corner: Unintended consequences
...consumers. It has been recognised by government and other authorities that the presence of many small family-run businesses positively impacts the prices consumers pay for fuel. The large number of...
News
Truck cartels – claiming damages
...to claim compensation in court for any loss which they suffered as a result of the higher prices which they had to pay for trucks due to the price fixing,...
News
OMJ launches B7 Blended ULSD – UCOME Benchmark for UK
...a blend of Platts 10ppm ULSD and Argus UCOME prices. The new B7 blended ULSD – UCOME End of Day prices are published in US $/t. and GBP PPL in...
Opinion
Survey suggests supply chain at risk unless action taken
...Statement. That reduction was absorbed by rising fuel prices. It is estimated this would result in an average saving in operational costs of £2,424 per annum for each 44-tonne truck...
Opinion
Energy bill support welcome but raises questions over cost and timescale
...Logistics UK, comments: “Rising energy prices are a great concern to businesses across the logistics industry, which is already operating on low profit margins. The financial support provided by the...
News
Industry body sees transition as the solution
...the coronavirus pandemic and a 20 year low in oil prices. A proposed three-stage framework to support the sector in dealing with the immediate crisis while positioning it to play...
Opinion
The oil market continues its cautious rally but more uncertainty lies ahead
...supply side the two burning questions will be the ability of Saudi Arabia to continue to marshal cut-compliance if oil prices continue to rise, as well as the ability of...
News
Kerosene – community buying
...consumers, community fuel buying groups are not viewed favourably by all distributors. Tony Deakins, of Shropshire based Deakins Fuels, told FON: “I’m very much against such schemes. I don’t supply any buying...
News
Will YOUR customers “buy oil early” for winter?
...to stock up on oil sooner not later. “It’s better to order early when demand is low and prices are low and to make sure no household is caught out,...
News
Oil heating is more competitive
The latest independent figures show oil prices have become more competitive over the last four years. LPG remains the most expensive fuel for off gas main customers. According to the...
News
No abuse by fuel suppliers says OFT
The Office of Fair Trading (OFT) has failed to prove that fuel suppliers are abusing their position in Shetland and other rural areas. Whilst the OFT did find a large...
News
Chandlers Oil & Gas – Playing to our strengths
...a driver stealing fuel red-handed. It may have cost £300 a truck but given the high cost of fuel, it’s worth it.” With an ordering facility on its Chandlersoil.com website,...
News
FPS highlights low margins in response to claims of profiteering on heating oil
...high prices are just not feasible. “The FPS always recommend that if buying group customers wish to receive an indication of the true saving for the fuel they should contact...
Opinion
Logistics UK urges government to maintain fuel duty cut to protect economy
...absorb these increased costs. Any measures that increase fuel duty will have a significant impact on consumer prices, which have increased 10.5% in the twelve months to December 2022. “Not...
News
TRA proposes removal of HVO measures
...manufacturers/businesses as there is no HVO industry in the UK and the higher prices for HVO would mean that it did not displace UK produced FAME. HVO in demand for...
Insight
Ken Cronin on DESNZ: Looking beyond the name
...While energy prices have undoubtedly been higher than in previous periods, every day our prices reflect the ups and downs of the market in a transparent manner. Positively, recent consumer...