News
Ministers urged to secure future oil refining capacity
...oil refineries in the UK. “We consider the oil industry to be critical to the UK economy. In an increasingly unstable world where new supplies of crude oil will need...
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News
The shipping news
...High Sulphur Fuel Oil LSFO – Low Sulphur Fuel Oil LSMGO – Low Sulphur Marine Gas Oil IFO – Intermediate Fuel Oil ECUK – East Coast UK ECA – Emission...
Interview
Why are new UK oil fields essential to a sustainable future?
...oil fields like Cambo, says Katy Heidenreich, operations director at Oil & Gas UK (OGUK) who shares her thoughts with us: “Shell’s decision to suspend its involvement in Cambo, the...
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
With a little help from our friends and family
...Fuel Oils told Fuel Oil News editor, Jane Hughes. One of the newest entrants into fuel oil distribution, Standard Fuel Oils is based in Merseyside. Twenty-eight year old Nick has...
Opinion
VAT deal secures Stanlow refinery production
...fuel stations after a panic-driven buying frenzy. Essar Oil UK, which runs the 200,000 barrel-per-day Stanlow refinery, had been in talks with HMRC about extending a January deadline to repay...
News
Fuel supply expansion for Scotland refinery
...gas oil and kerosene will commence in October with all products being sourced directly from the Grangemouth refinery. The agreement expands on the company’s existing supply footprint from Grangemouth, Dalston...
News
Hydrogen collaboration for Uniper and Phillips 66
...Refinery from 2029. The hydrogen would be used to replace refinery fuel gas in industrial-scale fired heaters, as part of Phillips 66’s plans to reduce the Humber Refinery’s scope 1...
News
Biorefinery set for take-off at Stanlow
...Essar Oil (UK) Limited (Essar), Fulcrum BioEnergy Limited (Fulcrum) and Essar’s subsidiary company Stanlow Terminals Limited. This innovative bio-refinery will convert several hundred thousand tonnes of pre-processed waste, which would...
Opinion
Transitioning from oil to renewables – cost or investment?
We hear from Neste after a decade of transitioning from a regional oil refinery to a global leader in renewable solutions to see if the investment is paying off. Neste’s...
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...
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...
Analysis
Why has the price of heating oil risen faster than crude?
Heating oil prices have surged in recent weeks, as global oil markets react to escalating conflict in the Middle East. But while crude oil prices have risen sharply, kerosene –...
News
NI Home Heating Oil Support Scheme launches: what suppliers need to know
...Blevings, director of the NI Oil Federation, welcomed the announcement: “We welcome the Home Heating Oil Support Scheme as this will assist consumers in reducing their oil bills as we...
Market Report
Venezuela: Why the market doesn’t share Trump’s enthusiasm.
...its knees by cronyism and anti-American politics. The assets of private US oil companies had been forcibly taken over by the corrupt state oil company PDVSA and production had plummeted....
Opinion
New UK oil essential for low carbon future
...oil fields like Cambo, says Katy Heidenreich, operations director at Oil & Gas UK (OGUK). Katy shares her thoughts with us: “Shell’s decision to suspend its involvement in Cambo, the...
Opinion
Fuels industry joins calls for policy change to halt UK manufacturing decline
...the scale of the challenge: Closure of Grangemouth and Lindsey refineries, resulting in the loss of one-third of the UK’s refining capacity in the past year At least 25 chemical...
News
Workers protest over Coryton sale
Workers at the Coryton oil refinery in Essex gathered with their families at Purfleet on 21 and 22 July, to protest against the closure of the refinery and the subsequent...