News
IPRA welcomes excise freeze
David Blevings (far left) at the recent IPRA retail fuel show held in Dublin The Irish Petrol Retailers Association (IPRA) has welcomed the finance minister’s decision to hold fuel excise...
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Opinion
Non-energy use of oil products a huge challenge to international trade
...lower electricity prices.” Non-energy use of oil applications However, Mr Chapman points out that non-energy use of oil applications such as asphalt or bitumen used for road paving, roofing and...
Opinion
Transition talk
...and bold deadlines to phase out fossil fuel within the upcoming decades, many companies and industries are adapting to the large-scale transition to clean energy. For traditional heavy industries such...
News
Fluctuating oil price fuels growth
...Fuel Oils and Wynnstay Fuels.” Other businesses in the Group also performed well during 2018 Maritime Bunkering – J.R. Rix and Sons’ marine fuel business – saw a 57%...
Interview
Tackling supply chain challenges through diversification
...in shortages of vital raw materials and increased fuel prices, but it has also disrupted key supply chains, such as the Black Sea ports, and affected logistics availability. This included...
News
BP to cut 10,000 jobs as virus hits demand for oil
...squarely at the door of the drop in oil prices and the global collapse in demand for oil owing to the coronavirus pandemic as he told staff; “You are already...
News
BP halves dividend after record loss, but the future looks bright
...the value of its assets after it cut its oil price forecast. A spokesperson from BP said the outlook for prices and demand was “challenging and uncertain”, and one that...
News
Phillips 66 makes real-time investment
...or credit limits are reached. “Thanks to DTN TABS, our customers have access to real-time updates on lifting limits and loading data,” added Mark. “With daily fuel prices also accessible...
News
Raw deal for rural renewables
...using oil for heating and hot water. If an existing oil-fired boiler was replaced with a biomass model then fuel bills would actually rise by £430 per year. Ground source...
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...
Analysis
Rebranding: reasons, process and impact
...rebrand. Claudia Weeks, Community Content Lead for Fuel Oil News, spoke to those in the industry that have already taken this step, to find out more about the process, their...
News
Thin cover for winter?
European diesel and heating oil prices will be supported by a heavy autumn refinery maintenance schedule that is already prompting some interest to store product. But storage economics are looking...
News
Oilfast celebrates a landmark anniversary
Motherwell-based fuel supplier, Oilfast, recently marked a decade in business. Co-founders Alan Tait and Campbell Brogan started the company in 2013 with a small team operating out of Motherwell, North...
Interview
Transition talk with Ben Marchant of 3ti
...embodied in 3ti’s motto to ‘Leave Something Better Behind®’. A core principle for the 3ti team is altering EV drivers’ mindsets to move away from the traditional forecourt refuel ‘stop...
News
Fleet operators warned of converter theft
...the damage caused to the vehicle can also be extensive. Businesses with fleets of trucks are particularly vulnerable because thieves can hit multiple vehicles in a single location. “Prices for...
News
The ‘Oil is cheaper’ campaign
...GAS ACROSS IRELAND, THE NOVEMBER ISSUE OF FUEL OIL NEWS ASKS WHAT MEASURES ARE IRISH DISTRIBUTORS TAKING TO HELP PROTECT THEIR SHARE OF THE ENERGY MARKET? EMAIL jane@fueloilnews.co.uk __________________________________________________________________ With...
News
HOYER generates record earnings
...above the level attained in the previous year (EUR 1,087m) exceeding the family-run company’s expectations. The Petrolog (fuels and bitumen) business units increased its turnover by 1% over the previous...
Opinion
Industry body calls for greater clarity on DVS consultation
...costs due to rises to inflation, net zero transition costs and increased fuel prices. The logistics industry operates on tight profit margins and, like other sectors of the economy, is...