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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...

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...

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 –...
Essar has a clear focus on providing an outstanding performance today, as well as investing in a low carbon future.

Interview

Essar Oil UK Ltd: from manufacturing complex to energy park

...future. Margaret Major, managing editor of Fuel Oil news and Claudia Weeks, content editor, met with Carlos Rojas, head of commercial at Essar, and Michelle Lewis, corporate affairs director, to...

Insight

The changing world of the oil trader

...Total, etc. These vertically integrated international oil companies (IOCs) have been joined by state owned concerns, or national oil companies ( NOCd )- names such as Aramco, Kuwait Petroleum, IPC,...

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...

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...
Hydrogen collaboration for Uniper and Phillips 66

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...