Analysis
A deep dive into fuel distribution industry data
...solar and heat pumps. The census shows that the number of oil-heated homes has dropped 3% since the last census. It is likely that many oil-heated homes are in the...
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News
UK and allies announce price cap of $60 on Russian Oil
...secure affordable oil. A General Licence will be published shortly that will provide an Oil Price Cap exception for third countries, so that firms supplying oil to them are able...
Insight
What price oil? 2022 in review
Ian Moore, founder and managing director of The Oil Market Journal, takes us through the year, highlighting the main impacts affecting the oil price in 2022. Contained within this article...
News
Crown Oil completes acquisition of Star Oil
North West-based Crown Oil has strengthened its brand in the North West after acquiring an £18m-turnover oil supplier. The Greater Manchester company, part of the £420m-turnover Crown Oil family of...
Opinion
Crude falls below $100/bbl as OPEC+ increases output but for how long?
...crude oil stocks of 4.5 million barrels, had an immediate impact on the oil price with crude oil trading lower the morning after the OPEC+ agreement was announced. Falling below...
News
Distributor Diaries January 24: the latest updates from our distributor community
...incredibly proud of the level of support shown by the staff here at Crown Oil.” Compass Fuel Oils supports Galloways Society for the Blind Compass Fuel Oils, the Penwortham-based fuel...
Opinion
Highs and lows of the oil price drop
...has been warned that 30,000 jobs in the gas and oil sector could be lost, with oil prices falling to their lowest in two decades. But, despite the global crash...
News
Oil Terminal 2015 – new multi-billion USD projects
...Bashneft. The agenda at the Oil Terminal 2015 industry forum reflects how growing oil exports have led to additional demands to increase the capacity of tank farms and exporting oil terminals....
Insight
Rapidly changing oil market creates pricing and supply issues
...Agency has stated, “send a unified and strong message to global oil markets that there will be no shortfall in supplies.” On 18 March, oil prices hit almost $130 (£99)...
Insight
Oil-price survey forecasts Brent to be above $80 a barrel by end of 2024
According to the majority (53%) of respondents to Bloomberg Intelligence’s February oil-price survey, Brent oil is expected to be above $80 a barrel at the end of 2024 – the...
Opinion
North Sea oil industry in crisis?
...Sea being profitable as oil is below $60 per barrel. “It is almost impossible to make money at these oil prices,” says Mr Allan, director of Premier Oil in addition...
Opinion
Preparing for a new oil world
Boris Ivanov Boris Ivanov, founder of GPB Global Resources discusses how the fuel oil industry can begin to prepare for the new oil world. With BP cutting 10,000 jobs and...
Insight
Heating future: prospects for kerosene and HVO
...Kerosene: This product heralded the age of the oil industry in the late 19th century when it was sold as lamp oil. The balance of probability is that its use...
Knowledge
Consequences: the importance of daily defect and pre-journey checks
...Minor infractions may seem inconsequential and easily sorted but multiple failings can aggregate into an immediate prohibition and subsequent criminal prosecution. In this issue we hear from Karl Jones of...
Knowledge
Managing costs: minimising fleet insurance premiums
...will give greater insight into ways to take greater control of fleet insurance costs. In this, the first of three articles, Karl Jones of industry insurance specialist OAMPS, will explore...
Insight
Definitions matter: when is pollution not pollution?
...this issue we hear from Karl Jones of downstream fuel industry insurance specialist OAMPS, who considers the importance of definitions and how to ensure your policy meets your needs. Pollution...
News
New waste to SAF start-up launches in London
...economy” while Debra Jones of Innovate UK suggests that, for long haul flight particularly, “SAF appears to be the only realistic solution for this very hard to decarbonise sector”. Chris...
News
Nominate your Tanker Driver of the Year 2023
...will be supporting the Young Person of the Year Award, Oilshield the Green Award and Fuel Oil News will, once again, be sponsoring the Innovation Award. An entry form for...