Opinion
Free oil? Not today …
...unlikely to have sold any physical oil at negative prices. The oil industry is already absorbing much of the short-term price shock by putting oil into storage, both on land...
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News
Wincanton renews Total contract
...two companies – means that Wincanton will continue to manage Total’s maintenance warehouse facility at the Lindsey oil refinery in Lincolnshire. Under the terms of the agreement Wincanton retains responsibility...
News
February 2016 update
...of the crude oil sold around the world. The vast majority of crude oil is sold at a discount to these two grades. So when we talk about $20 a...
News
High cost and limited feedstock hinder scaling of SAF
High cost and limited feedstock are key hurdles facing the scaling of global sustainable fuel (SAF) production, according to a recent report by Energy Industries Council (EIC) on the global...
Analysis
Bio-CNG supplier ReFuels announces first profitable quarter
...supply concerns insisting: “Biomethane supply is chasing transport demand and is not constrained by feedstock availability.” Refuels has worked with Foresight Group, to align biomethane sourcing, refuelling infrastructure and certificate...
Sponsored
ESL Fuels Biofuel Market Update – Q1 2025
Feedstocks Following a strong rally in the final quarter of 2024, Northwest European (NWE) UCO prices continued to strengthen across Q1, rising 10% to reach a two-year high of $1140/mt...
Interview
Value Oils: leader in online fuel distribution
...Oils? “There are many benefits for suppliers selling oil through our website, including: • They are in complete control of the pricing and delivery windows they offer and can easily...
Insight
Marine bunkering – fuel for a vital activity
...oil/ light fuel oil, with maximum density which can range between 0.890 and 0.920 kg/m3 at 15 degrees C Marine gas oil – meets the inland heating oil specification i.e....
Market Report
The eternal influence of black gold
...oil company) and, instead, is an operating tri-venture between Exxon Mobil (45%), Amerada Hess (30%) and China’s National Offshore Oil Corporation (25%). With little experience in negotiating oil concessions, Guyana’s...
Case Study
QMRE: Transforming plastic waste into sustainable solutions
...most pressing environmental problems facing society today – how to deal with the millions of tonnes of plastic waste created every year. Margaret Major, Publishing Director for Fuel Oil News,...
News
Oil recycling specialist Slicker expands further with Oil Monster acquisition
...with their own carbon cutting and sustainability agenda, re-refining their waste oil back into base oil through our own re-refinery.” “We welcome everyone at Oil Monster into the Slicker family...
Market Report
Volatile grounds: How geopolitical crises shape oil price fluctuations
...per barrel. It was at this point though, that the big hedge-funds re-entered the market and bought swathes of oil futures. This obviously supported the oil price against further falls...
News
Essar staff offered £30,000 “leaver incentive” package
As reported in July, Essar’s 1000 employees at the Stanlow Oil Refinery are being offered a voluntary severance package, now rumoured to be worth a fixed-sum of £30,000. All employees...
News
Products and markets
...range consists of petrol, diesel, aviation fuel, LPG, fuel oil, gas oil and heating oil. With the exception of fuel oil and LPG all products can be transported via the...
Insight
A vertically challenged market
...UK oil market has seen a gradual shift away from domination by the oil majors and mini majors. Their rationalisation and repositioning created a vacuum now filled by importers and...
Opinion
Longer term impacts of coronavirus on the UK and Ireland’s oil industry
...a 70,000-bpd crude unit at its Gelsenkirchen oil refinery in Germany on March 18th. Although there have been some closures, most oilrigs, terminals, warehouses, refineries, and logistics facilities have remained...
Market Report
Saving Mexico’s state oil giant – a strategy of hope over experience.
...nationalisation of all privately held oil interests in Mexico and for most of the 21st Century, Pemex has been Latin America’s second largest enterprise by annual revenue (Brazil’s state-run oil...
News
Cyberattack effect on oil prices
...vulnerabilities within US infrastructure. Why do oil prices vary? Oil prices vary from day to day, but when an unexpected event occurs that causes disruption in the supply chain, drastic...