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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Opinion
Deloitte statement further highlights Stanlow concerns
Concerns surrounding money siphoned out of the Stanlow oil refinery have been raised by Deloitte, after the accounting giant quit as auditor to the parent company of the refinery –...
News
Heating oil’s future – making a difference
“Oil is the cheapest option for off grid homes and has been since October 2014,” says FPS chief executive Guy Pulham. The FPS is urging all those using oil to...
News
Total and Harvest Energy enter into a fuel network agreement
...including EV charge points. The agreement will also ensure closer co-operation for fuel supply, domestically with Lindsey Oil Refinery and internationally through Total’s trading portfolio. “We are delighted with this...
News
Prax appointment brings wealth of knowledge
...extensive commercial and operational experience in the industry, Mark will be responsible for overseeing the Group’s UK downstream activities, with the exception of Prax Lindsey Oil Refinery. He will report...
News
The Prax Group appoint interim CFO
...was more recently, the commercial and financial lead for the group in the acquisition of Prax Lindsey Oil Refinery. With over two decades of experience across oil and gas, manufacturing,...
News
Greenergy proposes to end production at its Immingham biodiesel plant
...Immingham. Following last week’s announcement of insolvency by Prax, owner of the nearby Lindsey oil refinery, putting 420 jobs at risk and potentially impacting many more, a further 60 employees...
Review
EXPO 2026: Confidence, resilience and a sector preparing for transition
...on the next page). He also referenced the proposed Lindsey refinery transaction, noting that Phillips 66 aims to integrate the assets in a way that strengthens supply resilience while supporting...
Insight
What price oil? 2023 In review
In association with The Oil Market Journal Pictured below and included in the January issue of Fuel Oil News is a graph that shows the price of ultra-low sulfur diesel...
News
Stanlow – new long term working capital funding facilities
...Stanlow oil refinery in Ellesmere Port. The Inventory Monetisation arrangement with J. Aron & Company covers the supply of crude oil to Stanlow and replaces a similar agreement with Barclays...
News
Jardine Motors Group achieves a carbon-cutting, UK first in waste oil management
...sent through a re-refinery process supported by oil recovery specialists, Slicker Recycling. This process transforms the oil back into a high-quality base oil product which is used as a key...
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...
Opinion
We’ll meet again: oil to gas price gap shrinking rapidly
With the spread between natural gas and oil contracting rapidly, Bjarne Schieldrop, chief commodities analyst at SEB, thinks that a bullish tailwind for oil is at risk and right now both...
News
Why Canada’s environmental zealot will happily leverage the country’s oil to avoid financial havoc
...is only too aware of just how important this oil region is to the Canadian economy. Alberta’s oil sand deposits alone, represent the world’s third largest crude reserves and the...
Opinion
The future of oil heating debate – watch the video
...to be continued….. In the meantime your views on the ability of the oil heating market to resist the threats are invited jane@oilinstaller.co.uk. THE FUTURE OF OIL HEATING JEREMY HAWKSLEY...
Insight
Free advice for Welsh businesses in preparation for March 2020 deadline
...Pollution (Oil Storage, Wales) Regulations 2016 require any above ground oil tank over 200 litres to be provided with 110% secondary containment by April 2020. Also known as the Oil...
News
The future of oil heating – watch the debate
...to be continued….. In the meantime your views on the ability of the oil heating market to resist the threats are invited jane@oilinstaller.co.uk. THE FUTURE OF OIL HEATING JEREMY HAWKSLEY...
Insight
Are fuel buying patterns changing in the UK and Ireland domestic heating sectors?
...closely tracks global oil markets. Domestic demand is highly price-sensitive – domestic heating oil consumers typically purchase in bulk when prices are low. For example, low prices in 2020 (COVID-19)...