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Ian Moore, of The Oil Market Journal, reviews the oil price in 2022.

Insight

What price oil? 2022 in review

...from a downward trajectory fuelled by growing fears of a global economic recession. A price around 80 US dollars meant that, despite a year of highly unpredictable volatility, the price...
OPEC+ agrees to continue with current output targets, despite market uncertainty

News

OPEC+ continues oil production cut in uncertain market

...global economic growth and China’s zero Covid policy.” Adequate supply The outcome fits with Wood Mackenzie’s short-term forecast, which assumed a continuation of the recent cuts. Despite the OPEC+ production...

News

Board appointment brings valuable transition expertise

...overall accountability for growing Petrofac’s global portfolio in low carbon projects including wind, hydrogen, Carbon Capture Usage and Storage (CCUS), John also leads initiatives that convert waste to energy. Previously...
Could electrifying thermal processes help refiners to lower their carbon footprint?

Opinion

Could electrification decarbonise petrochemical refining?

According to the International Energy Agency (IEA), heat makes up two-thirds of industrial energy demand, and almost one-fifth of global energy consumption – meaning the ways used to produce and...

Opinion

New UK Global Tariff gets positive response

The UK government has marked a key step on the road to an independent UK international trade policy, by announcing the UK’s new MFN tariff regime, the UK Global Tariff...

News

Cautious industry response to fuel resilience bill

...in the first place. A UKPIA spokesperson commented: “Governments must ensure UK companies can remain competitive on the global market, especially as climate change policies change and we must compete...
Portland Report August

Market Report

Prices and predictions: how are we faring?

...supply and demand in check, prices eased off. Global supply Global supply remains extremely buoyant and there is no let-up in the flood of product coming on-stream, with 1.4m barrels...

News

Partnership for Petro-Canada and Liverpool FC

Marking the start of the partnership – Olly Dale, commercial director at Liverpool FC and Tony Weatherill, managing director of global marketing, research and development at Petro-Canada Lubricants In a...
Our latest look at the changing downstream landscape

Insight

UK Downstream: the changing landscape

...main airports; Heathrow and Gatwick. These companies have extensive worldwide representation, supplying at many of the major airports, with Shell being the global market leader. • The refinery network has...

News

Could heating oil prices be frozen?

...impact on the cost of living very sharply into focus Economic and geopolitical factors have interacted with supply and demand issues in the global oil market generating the movement and...
Alfons Haar 75th anniversary

Interview

Alfons Haar Ltd: proudly celebrating 75 years

Founded in 1949, Germany-based Alfons Haar Ltd is now a global business for the storage and transport of fuels, chemicals and powder, as well as manufacturing a vast array of...
Tim Doggett of the CBA addresses the challenges in the chemical supply chain

Interview

The chemical supply chain: addressing ongoing challenges

...important and diverse industries in the world, spanning from chemical manufacturing to distribution and beyond. A large and complex global chemical supply chain – requiring a wide range of skills,...