News
Milford Haven – frustration and regret
...had collapsed last week. “For the past four years we have worked tirelessly to secure a positive outcome for the future of the refinery and our workforce. Unfortunately, and despite...
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News
Slicker Recycling and Castrol take greener approach to used oil management
...and support the circular economy. The used oil is collected and transported to Slicker Recycling’s base oil re-refinery in Denmark which it operates with German partner, Avista AG. Mark Olpin,...
News
Aggreko supercharges investment in oil-free air compressors
...fleet of 100% oil-free electric variable speed driven (VSD) compressors, the company will be introducing new Stage V Diesel 100% oil-free units to strengthen its provision of greener compressed air...
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)...
News
Fuel Prices Online™ merges with The Oil Market Journal™
...announced their merger. Both FPO and OMJ provide intraday and settlement oil price information to UK and Irish oil distributors, service stations and other large volume oil buyers. Basil Shourou...
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...
Interview
Taking action in Ireland
Being proactive rather than reactive was one of the really strong messages conveyed to an audience of over 60 fuel oil distribution staff who attended last month’s Fuel Oil News...
News
Growing business in Ireland
In a multimillion-euro deal, Canadian Irving Oil, which owns the Whitegate refinery in Cork, has acquired Top Oil (formerly Tedcastles Oil Products), the brand owned by the Dublin-based Tedcastle Group....
Interview
Jo Ritzema retires from WCF Ltd following distinguished career
...been multiple refinery closures since I started with WCF in 2004. The supply chain has altered significantly, with the oil majors being replaced by independent terminal operators. The move to...
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...
Market Report
Prices and predictions – what does 2025 have in store?
...own forecasts for 2024 oil prices. Our headline prediction in Jan ’24 was for oil prices to “trend sideways and stay in the $70-$80 per barrel mark”. Arguably this was...
Opinion
“Do you agree with the Northern Ireland Housing Executive (NIHE) that the Province should have more oil buying clubs?”
...more oil buying clubs, there will inevitably be more – batten down the hatches!” For further comment see the Value Oils blog – www.valueoils.com/blog/home-heating/heating-oil-buying-groups-2/ Joe Bradley, Bradley Fuels “I don’t...
Opinion
OGUK welcomes climate report impetus
...to cut emissions from oil and gas production, currently totalling about 18.5m tonnes a year, to net zero by 2050. This could include the electrification of offshore oil and gas...
News
Fuel for thought…
...at a European, national and regional level. With over 1.5 million heating oil installations throughout these islands and millions more across Europe, the oil storage tank industry and the oil...
Market Report
Is there method behind OPEC’s apparent madness?
...oil prices are high) were also able to continue extracting oil from fields, that really should no longer be producing. To the Machiavellian minds at the top of the OPEC...
News
Oil theft – oil industry shows support with donation
...Northern Ireland Oil Federation (NIOF) resulted in Solo Direct offering to give the unit 1,000 litres of oil to help during this difficult time. With £1,000 worth of oil stolen...
News
Theft threat?
When the price of crude oil rises, reports of oil theft increase. Alex Porter spoke to distributors about the situation in their area A recent article on the Fuel Oil...